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Author Archives: Staff Writer

Morgan Stanley’s Profits Take a Massive Hit

According to the release of the investment banking firm’s Q1 earnings statement on Monday, citing market volatility during the first quarter, Morgan Stanley reported a net income decline of more than 50 percent year-over-year.

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Altisource Teams Up With Habitat for Humanity

Altisource Portfolio Solutions S.A., a provider of real estate, mortgage, and technology services, announced a global collaboration with Habitat for Humanity to fund a range of sustainable housing and neighborhood revitalization programs worldwide.

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The Week Ahead: The Ripple Effect of the Housing Shortage

The continuous imbalance of extremely low inventory levels and soaring demand is creating a gap in the housing market. Existing-home sales have been in limbo since the start of the year mostly due to the lack of available housing options in market. Where will they fall this week?

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Freedom Mortgage Resolves FHA Allegations

Freedom Mortgage Corp., is the latest company to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.

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Five Star Announces Formation of the SFRA

The Five Star Institute President and CEO, Ed Delgado, has announced the formation of the Single-Family Rental Association, a member-led conduit for connection and training in the growing single-family rental market.

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Wells Fargo’s Profits Fold Under Pressure

With intense pressure stemming from falling oil prices, historically low interest rates, and volatile financial markets profits at San Francisco-based Wells Fargo did not come in strong for the first quarter of 2016.

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