Radian Guaranty, Inc., a private mortgage insurer and subsidiary of the Radian Group, announced it will reward current insured borrowers through the Responsible Homeowner Reward program, which is administered by Loan Value Group LLC, a company founded in 2008 to provide borrower incentives to protect investors and servicers.
Read More »Low Mortgage Rates Fuel Rise in Applications
Mortgage applications saw increased activity in the last week of September, the Mortgage Bankers Association (MBA) reported.
Read More »Mortgage Returns Reveals Strong Revenue Report
Missouri-based Mortgage Returns is celebrating a strong 2012 thus far, recently revealing that the company's revenue has grown significantly since January. The database management and automated marketing services provider has reported a 50 percent uptick in revenue since the start of the year.
Read More »Moody’s Review Extension Draws Commentary from Genworth
Responding to Moody's Investors Service Inc.'s decision to extend the review period for potential downgrades for portions of the company's debt, Genworth Financial, Inc., has issued an official statement on the pending evaluations. Noting that Genworth is proceeding with urgency in its dealings with Moody's, the company expressed confidence in the outcome of the review process.
Read More »Clear Capital: ‘Fiscal Cliff’ Could Send Prices Tumbling
Recent gains in housing are closely linked to rising consumer confidence, according to numbers juxtaposed and analyzed by Clear Capital in its latest report on home price movements. The feeble underpinnings of price increases, however, could soon topple, according to the real estate valuation company. Threatening to temper consumer sentiment--and in turn, home prices--is the fear Congress will not act in time to avert the looming "fiscal cliff" of $500 billion in tax increases and spending cuts that lie in wait at year-end, Clear Capital warns.
Read More »Construction Spending Continues to Slide in August
Having reached its apparent peak in June, construction spending continued its backward slide in August, the Census Bureau reported.
Read More »Moody’s Predicts Bright Days Ahead for Homebuilders
Despite some heavy risks hanging over the industry, Moody's is projecting a positive future for the nation's homebuilders, the agency revealed.
Read More »Oscar-Winner’s Beverly Hills Estate Lists for $3.395M
The former Beverly Hills home of Ernest Borgnine has hit the market in Los Angeles, California. The gated estate, designed in 1938 by architect L.G. Scherer, is currently listed for $3.395 million.
Read More »Consumer Confidence Puts Pressure on Housing Recovery
Home prices and home sales are rising, despite lackluster demand of traditional owner-occupied housing, according to Tim Rood of The Collingwood Group.
Read More »Freddie Mac Granted Dismissal of Class Action Suit
Freddie Mac has emerged as the victor in a legal battle over alleged securities fraud. Originally filed in August 2008, the putative class action lawsuit was dismissed with prejudice.
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