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Aug 26, 2015

AMCs, Lenders, Real Estate Firms among Fastest-growing Companies

The 2015 Inc. 5000 list released Aug. 12 ranked America’s fastest growing private companies in America, and several appraisal management companies, mortgage lenders and real estate businesses made the cut, including Coester VMS (ranked 1,868) and Accurate Group (ranked 2,513).

 

Aug 26, 2015

Report: Too Late for FHFA to Offer Principal Reduction

The Federal Housing Finance Agency is reconsidering its ban on principal reductions for Fannie Mae and Freddie Mac loans, but the move now would have little impact because the housing market has recovered enough to eliminate most negative equity, according to an Aug. 18 report from think tank Urban Institute.

 
Aug 26, 2015

FHFA Sets Low-income Housing Goals for Fannie, Freddie

The Federal Housing Finance Agency on Aug. 19 set new two-year goals for Fannie Mae and Freddie Mac to increase the number of mortgages issued to low-income consumers and to landlords who rent to those individuals, The New York Times reported.

 

Aug 26, 2015

Report: Wells Fargo Top Commercial Mortgage Servicer

Wells Fargo is the top commercial and multifamily mortgage servicer with $484.2 billion in U.S. loan servicing through June 30, the Mortgage Bankers Association reported Aug. 20 in its mid-year report of mortgage servicer volumes. PNC Real Estate/Midland Loan Services and Berkadia Commercial Mortgage also ranked near the top.

 
Aug 26, 2015

Bank of NY Mellon Sued for $2 Billion over Bad Mortgages

The Federal Deposit Insurance Corporation filed a lawsuit Aug. 19 against Bank of NY Mellon over $2.06 billion in soured residential mortgage-backed securities purchased by the former Guaranty Bank, Reuters reported. The lender was accused of breaching its duties as bond trustee.

 

Aug 26, 2015

Google Helps Homeowners Determine Solar Options

Google unveiled Project Sunroof Aug. 17, a tool that allows homeowners to input their address to determine how much sun their roof gets, Fortune reported. The site launched with data for San Francisco, Boston and Fresno, California, and uses Google Earth to factor in roof orientation, shade from trees and local weather.

 
Aug 26, 2015

Mortgage Rates Remain Steady

Averaged fixed mortgage rates remained largely unchanged during the past week, marking five consecutive weeks with little movement, Freddie Mac reported Aug. 20 in its Primary Mortgage Market Survey.

 

Aug 26, 2015

Home Construction at Highest Level in 8 Years

Amid steady job gains and low mortgage rates, the U.S. Department of Commerce reported 1.21 million housing starts in August, marking the highest rate of home construction since December 2007, CBS Moneywatch reported Aug. 18.

 
Aug 26, 2015

July Foreclosures Highest since 2013

Nearly 125,000 homes received foreclosure filings in July, a 7 percent increase from June and a 14 percent jump from a year ago, RealtyTrac reported Aug. 20 in its July 2015 U.S. Foreclosure Market Report. July was the fifth consecutive month with a year-over-year increase in foreclosure activity.

 
Aug 26, 2015

West Coast Tops Office ‘Buy’ Markets

Strong demographics, a booming business sector and payroll growth propelled San Jose, California, San Francisco and Seattle to the top of the “buy” office market list, according to online real estate marketplace Auction.com, MBA NewsLink reported Aug. 20. The site also noted five eroding “sell” office markets.

 
Results: 12 Articles found.

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