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U.S. Central Bridge Closed

The National Credit Union Administration (NCUA) announced the closing of U.S. Central Bridge Corporate Federal Credit Union (U.S. Central Bridge). The closing comes after three years of efforts to stabilize the corporate credit union sector, the agency stated in a release.

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First-Time Unemployment Claims Tumble

Unemployment

First-time claims for unemployment insurance fell 9,000 to 363,000 for the week ended October 27, the Labor Department reported Thursday. It was the second straight weekly decline and the fourth drop in the last six weeks. The initial claims report has been unusually volatile for the last month, with wide swings in the seasonal adjustment factors used by the Labor Department to "normalize" the data. The seasonal adjustment for next week's report will be "unfavorable," bumping first-time claims higher.

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Ernst’s CEO Speaks Out on Borrower-Related Solutions

The president and CEO of Ernst Publishing Company, a provider of closing cost data for the real estate and home finance industries, is weighing in on critical challenges--and potential solutions--in the current mortgage marketplace. Participating in The Changemaker, a new podcast series, Ernst's leader, Gregory E. Teal, shed light on initiatives and strategies that have the potential to positively impact the future of housing.

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Zillow Mortgage Marketplace Now Available on iPad

Mortgage Marketplace is one of Zillow's app suite that features 15 realestate-related mobile apps across all major platforms. The app provides a transparent lending marketplace where borrowers can connect to reputable lenders to find personalized loan options and get a variety of competitive mortgage rates.

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Artists’ Hamptons Abode Back on the Market for $15M

Relisting his pricey pad in the Hamptons, artist Ross Bleckner has put his palatial estate on the market for $15 million. Located in Sagaponack, New York, Bleckner's abode boasts multiple structures, including a main home with an ocean view, a cedar-shingled guest cottage, and an art studio.

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Pro Teck: Falling Supply to Create Spike in New Home Prices

The U.S. housing market "has entered a sustainable period of improving conditions," Pro Teck Valuations CEO Tom O'Grady says in the company's most recent Home Value Forecast. Each of the company's forecasts picks a housing trend and studies its influence on the market. This particular update shines a spotlight on months of remaining inventory (MRI) of new homes listed for sale and examines how that statistic affects median single family home price changes.

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