Jones Lang LaSalle (JLL) announced the acquisition of Dallas-based Quadrant Realty Finance (QRF), a debt and equity origination platform.
Read More »First-Time and Continuing Jobless Claims Drop
First-time claims for unemployment insurance dropped 9,000 to 346,000 for week ending June 22, the Labor Department reported Thursday. Economists expected 345,000 claims. Claims filings for the week ended June 15 were revised up to 355,000 from the originally reported 354,000.
Read More »Micoley.com to Host Online Auction for Illinois Properties
Micoley.com is hosting an online auction featuring 20 residential and multifamily properties in Northwest Illinois.
Read More »Radian Appoints Chief Risk Officer, EVP
Radian Group Inc. announced the appointment of Derek Brummer as EVP and chief risk officer. The position was previously co-managed by Brummer, who oversaw risk management for Radian Asset Assurance, and Scott Theobald, who oversaw risk management for Radian Guaranty Inc. Departing his former co-management post, Theobald will assume the newly created role of EVP for lender and structured products at Radian Guaranty.
Read More »Business Slips Again at Freddie Mac
The growth rate on Freddie Mac's mortgage portfolio dipped back into negative numbers again in May, the GSE reported in its monthly volume summary.
Read More »Butler & Hosch Acquires Assets from Former Prommis Subsidiaries
Butler & Hosch, P.A., a multistate law firm focused on the legal needs of the mortgage banking industry, purchased the majority of assets from three former subsidiaries of Prommis Solutions, which filed for bankruptcy in March.
Read More »Senate Group Introduces Bill to Dissolve GSEs
Citing the overwhelming presence of the GSEs in today's mortgage marketplace, Sens. Bob Corker and Mark Warner unveiled a new piece of legislation designed to wind down the enterprises.
Read More »Texas MBA Appoints New President, Officers
The Texas Mortgage Bankers Association (TMBA) announced the election of Susan Stewart at president for 2013-2014. Stewart is the president and CEO of SWBC Mortgage Corporation, a full-service mortgage banking firm. During her time there, she has guided the company through multiple acquisitions and the approval processes to become Fannie Mae and Ginnie Mae seller servicers.
Read More »Rising Prices Drive Down Connecticut Sales in April
April home sales in Connecticut dropped on a yearly basis for the third straight month as prices continued to ascend, the Warren Group reported.
Read More »Consumer Confidence Up for 3rd Straight Month in June
Consumer confidence saw a sizable jump in June, the Conference Board reported in its monthly Consumer Confidence Survey. Based on responses to the Nielsen survey, the index improved for the third consecutive month to 81.4, the highest level since January 2008. May's index was revised downward to 74.3. The Present Situation Index increased to 69.2 from April's revised reading of 64.8, while the Expectations Index rose to 89.5 from the previous month's downwardly revised reading of 80.6.
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