According to CoreLogic's monthly Home Price Index (HPI) report, house prices nationwide (including distressed sales) increased 12.4 percent on a yearly basis in August. On a monthly basis, prices were up only 0.9 percent. "After a strong run, the rate of home price appreciation slowed in August. In addition to normal seasonality, the recent sharp rise in mortgage rates off their historic lows was a clear driver behind the slowdown," said Anand Nallathambi, CoreLogic's president and CEO.
Read More »Freddie Mac Names Ally Exec to Replace Outgoing CFO
Ally CFO James G. Mackey will soon be departing to take an executive position at Freddie Mac, the mortgage giant announced.
Read More »CoreLogic Appoints Managing Director of Information Solutions
CoreLogic has announced the appointment of Olumide Soroye as managing director of Information Solutions.
Read More »August Housing Metrics Point to Slowing Recovery
DataQuick's monthly Property Intelligence Report (PIR), which examines home price and sales metrics as well as foreclosure data across 42 counties, is the latest in a line of reports pointing to mounting evidence that the housing recovery is losing some of its energy. According to the company's data, home prices in August grew in 40 of the 42 counties on a monthly basis and in all counties on a quarterly and yearly basis. However, though growth was positive, the rate of improvement is on the decline.
Read More »Premier Nationwide Approved to Operate in Georgia
Premier Nationwide Lending (PNL), a Texas-based mortgage bank with operations around the United States, announced it has been approved to provide home mortgage loans and services and in Georgia, expanding its range to 20 states.
Read More »Carrington Announces 3rd Annual Golf Classic for Charity
Carrington Charitable Foundation (CCF), the philanthropic branch of the Carrington Family of Companies, announced its 3rd Annual Golf Classic to be held October 14 in Newport Coast, California.
Read More »Study: One-Third of Americans Unlikely to Qualify for a Mortgage
A study from Zillow finds three out of 10 Americans are still unable to get in on today's improving market as mortgage availability remains tight.
Read More »LenderLive Names SVP for Secondary and Capital Markets
Robert Fulton has joined LenderLive Network as SVP of secondary and capital markets for the company's Correspondent Lending unit.
Read More »Mortgage Rates Plunge to Lowest Levels in Months
According to Freddie Mac's Primary Mortgage Market Survey, the average interest rate for a 30-year fixed-rate mortgage (FRM) was 4.32 percent (0.7 point) for the week ending September 26, down to the lowest level since the week ending July 25. A year ago, the 30-year FRM averaged 3.40 percent. Declines were just as drastic in Bankrate.com's weekly national survey. The site reported a drop of nearly 20 basis points for the 30-year fixed, which ended the week at 4.47 percent.
Read More »Analysis: South Remains Strong for Investment Opportunities
HomeVestors of America and Local Market Monitor together released a ranking of the most promising investment markets for the third quarter of 2013.
Read More »