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Tag Archives: Investors

Price Appreciation Projected for 90% of Nation’s Top Markets

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In its latest forecast, analytics firm Veros Real Estate Solutions predicts home prices will rise on average 5.1 percent for the nation's top 100 metro areas. The company's previous 2014 projections, released last quarter, called for 4.8 percent growth. "The future HPI [Home Price Index] forecast continues to show good appreciation, but the markets appear to be topping out for now," said Eric Fox, Veros' VP of statistical and economic modeling and author of the company's VeroFORECAST.

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CFPB Targets Missouri Lender over Alleged Kickbacks

The Consumer Financial Protection Bureau (CFPB) last week ordered a Missouri-based mortgage lender and its president to pay more than $80,000 for funneling illegal kickbacks in exchange for real estate referrals. According to CFPB's complaint, filed in mid-January, Fidelity Financial Mortgage Corporation (FFMC) in 2010 entered into an agreement with a Missouri bank in which Fidelity would lease an office at the bank in exchange for business referrals.

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Economists Review Progress on Road to Recovery

The housing market has made great strides in recovering from the problems that ail it, but there are still major improvements that have to occur before it's back up to full health, Freddie Mac says in its latest Economic and Housing Market Outlook. The GSE's outlook focuses on four things the market needs to see before it can say the crisis is well and truly behind it: a healthy jobs market, mortgage delinquencies back down to historical averages, home prices consistent with payment-to-income ratios, and home sales more in line with historical norms.

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Study: Housing Hardships Greater for Black, Hispanic Communities

Despite efforts to bring greater equality to the housing market, research conducted by Zillow suggests black and Hispanic homebuyers still face greater difficulties related to homeownership than whites. The study found blacks and Hispanics were more likely to apply for a mortgage insured by the Federal Housing Administration (FHA) than a conventional loan, and out of those that did go for a conventional mortgage, black and Hispanic applicants were far more likely to be denied.

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Wingspan Bulks Up Business Development Team

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Dallas-based Wingspan continues the expansion of their business development team with the recent announcement of John Guy joining the team as SVP of business development. Guy comes to Wingspan after serving as the managing director of business development at Auction.com.

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Credit Standards Relax at Year-End

After loosening steadily for several months, credit standards for mortgage loans ended 2013 at their lowest level all year, according to the December Origination Insight Report from Ellie Mae.

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Departing Fed Chair Talks Economic Health, Defends Policies

In a conversation Thursday hosted by the Brookings Institution, outgoing Federal Reserve Chairman Ben Bernanke defended the Fed's easy money policies, dismissing concerns of out of control inflation and capital losses. He also eased worries about the long-term effects of the financial crisis--including the impact of unemployment on labor supply and productivity--saying that while they are a problem, none of issues are "truly permanent."

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