A U.S. District judge denied the U.S. Department of Treasury's motion to strike Pershing Square Capital Management's voluntary dismissal of a lawsuit it filed in August over misappropriation of government funds.
Read More »imortgage General Counsel Promoted to EVP of Operations
imortgage, a national lending company and division of loanDepot LLC, has appointed a new EVP of operations, choosing Darien Evans for the role.
Read More »U.S. Leading Indicators Improve for Fourth Straight Month
The Conference Board's Leading Economic Index (LEI), which gauges the near-term economic outlook based on a variety of indicators, increased 0.5 percent in December to 121.1, the group reported Friday. The increase fell between November's gain of 0.4 percent and October's larger 0.6 percent improvement.
Read More »Titan Capital Solutions Now Buying ‘Scratch and Dent’ Loans
Titan Capital Solutions (TCS), a wholly owned correspondent investment subsidiary of Denver-based Titan Lenders Corp., has recently begun to purchase certain investor-rejected loans, the company announced Thursday.
Read More »Mortgage Rates Mixed in Weekly Reports
Freddie Mac's weekly Primary Mortgage Market Survey saw a slight drop in the 30-year fixed rate to an average 3.63 percent (0.7 point) for the week ending January 22, the company reported Thursday. With the decline, the 30-year fixed-rate mortgage (FRM) remains at its lowest average since May 2013.
Read More »FHFA House Price Index Up 0.8% in November
Based on home sales price information from mortgages sold to and guaranteed by the GSEs, the Federal Housing Finance Agency (FHFA) reported that its House Price Index rose a seasonally adjusted 0.8 percent month-over-month in November.
Read More »Accurate Group Announces Support for Fannie Mae’s CU
In Ohio, Accurate Group announced its support for the imminent release of Fannie Mae's Collateral Underwriter (CU) in the form of enhanced appraisal processes, updates to the company's Valuation Compliance Report (VCR), and training and certification of its appraisal review team.
Read More »Auction.com Adds Two VPs to Single-Family Division
The nation's leading online real estate marketplace,Auction.com, has announced the addition of two executives, Rob Behrend and Hauke Schupp, to its single-family residential division.
Read More »Economists: Signs Point to ‘More Robust Year’ for Housing
In the wake of the National Association of Home Builders' (NAHB) latest confidence index, builders convened in Las Vegas this week to discuss housing trends over the last few months and what they expect to see in 2015.
Read More »Flipping Beats Out Renting as Top Home Investor Strategy
Though various reports have suggested in the last year that flipping opportunities are dwindling, Auction.com's latest survey affirms that flipping is still going strong: 50 percent of investors said they intended to flip the homes they purchased, compared to 47.3 percent who said they intended to rent them out (2.7 percent were undecided).
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