Home prices in the U.S. housing market has seen some major gains over the last few years, but you will be surprised to know that much of this growth is stemming from homes that are priced 75 percent or less of the median home price.
Read More »BNY Mellon, BankUnited Earnings See Huge Gains Despite Challenges
Bank of New York Mellon's residential mortgage-backed securities legal issues and BankUnited's recent departure from retail mortgage originations appeared to have little to no effect on these companies' incomes in the fourth quarter of 2015. Read on to see what is driving these institution's profits way up in the fourth quarter.
Read More »Cool Down: New Home Mortgage Applications Decline
In the last month of 2015, applications for new home purchases took a chill pill and decreased month-over-month. Could this be what economists meant by slow growth headed into 2016?
Read More »Goldman Sachs’ Earnings Suffer the Aftershocks of RMBS Settlement
The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.
Read More »Housing Starts Take a Tumble in December
Residential construction was tricky in December 2015 as both housing starts and building permits posted disappointing numbers, but builder confidence remains elevated and year-end totals hit 2007 levels.
Read More »Campbell Lewis Communications Welcomes New Managing Director
Campbell Lewis Communications, an integrated marketing communications agency for financial services, information, and technology clients, announced Robert Visini in the role of Managing Director.
Read More »Clayton Holdings Opens New Silicon Valley Office
Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently announced that it has opened a consulting office in Silicon Valley.
Read More »Freddie Mac, Lenders One Partner to Help Mortgage Bankers in 2016
Freddie Mac and the Lenders One Mortgage Cooperative recently partnered to help mortgage bankers boost their business in 2016.
Read More »Multi-Generational Households Grow in Number
More U.S. families are opting to live together in one household for a number of reasons, but are these multi-generational homes hindering new household formation?
Read More »The Rent vs. Buy Dilemma: Affordability Depends on the City
For many years, buying a home has been considered to be a no-brainer and an obvious choice when compared to renting a home, but that perception has been altered as the housing market continues to change.
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