Williston Financial Group (WFG), the parent company of WFG National Title Insurance Company and WFG Title Insurance Company, announced it is extending its southern California presence with the acquisition of ITC Holdings, Inc., the parent of Investors Title Company.
Read More »Greystone, Bassuk Group Team Up to Expand CRE Offerings
Greystone, a leading national provider of multifamily and commercial mortgage loans, announced it is teaming up with The Bassuk Organization to form the Greystone Bassuk Group.
Read More »Agencies Announce Delay on Basel III Implementation
The implementation of the Basel III capital rules may be postponed beyond the start of 2013, according to a joint statement released by the Office of the Comptroller of the Currency, the FDIC, and the Federal Reserve. The announcement follows a comment period during which many trade organizations and institutions expressed apprehension about the new requirements.
Read More »Prospect Mortgage Taps Veteran Talent for Leadership Role
Prospect Mortgage, LLC hired an industry veteran to lead the company's plans to grow its lending and loan servicing capabilities. Amy Brandt was selected as president of correspondent lending and servicing. In her new role, Brandt will help build Prospect's national correspondent lending platform and develop its loan servicing potential.
Read More »Administration Reports Continued Housing Improvement
The state of the housing market continues to improve though recovery remains fragile, according to the October Housing Scorecard released Friday by the Obama administration. Along with the scorecard, the administration released special instructions for those administering the Making Home Affordable Program in areas affected by Hurricane Sandy. In areas directly impacted by Hurricane Sandy, servicers must offer at least three months forbearance to any homeowners eligible for Making Home Affordable who request forbearance.
Read More »Gateway Mortgage Opens Retail Branch in Florida
Gateway Mortgage Group, a privately held mortgage company, is expanding into the Florida market with the opening of a new retail branch in Winter Park.
Read More »Redfin: Demand Loses Steam in October as Home Tours, Offers Fall
The housing market may close out the year with a whimper, according to data in Redfin's Real-Time Demand Pulse for November.
Read More »NAR: Existing Home Prices See Strong Annual Gains in Q3
A lower supply of inventory and fewer distressed sales led to stronger home price gains across the country, the National Association of Realtors (NAR) revealed in a recent report. On a national level, the median price for existing single-family homes increased 7.6 percent to $186,100 in the third quarter of this year compared to last year, the strongest annual gain since first-quarter 2006. The median price for existing homes improved in 120 out of 149 areas since last year.
Read More »360 Mortgage Hires Account Executive to Expand Nevada Presence
360 Mortgage Group, a privately-owned mortgage bank, announced it is bringing on Kenny Deen to help expand the company's presence in Nevada. Deen is 360 Mortgage's newest account executive.
Read More »Walker & Dunlop Names New Appointees to Expanding Directorship
In Maryland, Walker & Dunlop, Inc., is preparing to welcome two new board members. Announcing the addition of Andrew Florance and Michael Malone to the firm's directorship, Walker & Dunlop filled two of three vacancies on the board.
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