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 »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 »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.
Read More »FHFA Price Index Up 0.7% in April
The Federal Housing Finance Agency (FHFA) reported a 0.7 percent increase in its House Price Index (HPI) from March to April.
Read More »New Home Sales Climb as Prices Retreat
The price of a new single-family home dropped 3.2 percent in May, but sales increased 2.1 percent to 476,000, the highest level in almost five years.
Read More »Case-Shiller Indices Continue to Grow at Record Pace
Home prices posted their strongest monthly gain on record in April, increasing more than 2.5 percent, according to the Case-Shiller Home Price Indices released Tuesday. Overall, the 10-city index rose to 165.63, its highest level since November 2008, while the 20-city index improved to 152.37, also the highest level since November 2008. Of the 20 cities surveyed, Detroit was the only area not to show an increase in April. The April index of Detroit home prices read 81.28, barely down from 81.30 reported in April.
Read More »Analysts: Slowdown in Price Gains Doesn’t Spell End to Recovery
While the current pace of price appreciation may not sustain itself for much longer, Capital Economics maintains a deceleration in price gains does not mean an end to the housing recovery.
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