Wealthier Americans mean a bigger bond market

Wealthier Americans mean a bigger bond market

More liquidity means more debt

Top 10 fastest growing cities in the nation

Most already home to thousands of millennials

3 reasons why California housing is about to go bust

The money is drying up
W S

Lending

KPMG adds Larry Walker as managing director

Joins mortgage and consumer lending group
Ben Lane
“Larry’s unique background combining top level hands-on mortgage industry operational and consulting experience is indispensable to our clients as they seek critical assistance navigating the complex mortgage and consumer lending market,” said Mark Twerdok, KPMG partner.
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New York’s foreclosure backlog isn’t going away until 2016, at least

Prospects slightly better in New Jersey
Ben Lane
"In New York, the recent private-label RMBS foreclosure backlog of 38,213 loans could be cleared in approximately 5.7 years using the last 12 months’ average exit rate of 1,684 loans and in approximately 2.4 years using the 2008-10 average rate of 4,059 loans," Moody’s Investors Service said in a new report.
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CHARTS: How Stonegate will thrive in a flat market

3 areas drive growth
Brena Swanson
Stonegate Mortgage will not only succeed in 2014 but it will also grow during a flat market, according to Stonegate Mortgage’s CEO Jim Cutillo. These charts show how.
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Household wealth hits new record

Key to boosting the economic recovery?
Brena Swanson

Americans' wealth hit the highest level ever in the second quarter, following a rise in stocks and home prices. This could ramp up consumer borrowing, which could be the key to boosting the economic recovery.


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Top 10 fastest growing cities in the nation

Most already home to thousands of millennials
Brena Swanson
Most of the fastest growing cities in America have one thing in common: they are all home to major universities filled with millennials about to join the workforce. NerdWallet compiled a quick list showing exactly where housing is growing.
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Freddie Mac: Mortgage rates move to 3-month high

Biggest one-week gain this year
Brena Swanson
"Although mortgage rates were up very modestly this week, with mortgage rates at the top end of that narrow range, it is enough to put the benchmark 30-year fixed mortgage rate at a 3-month high," Bankrate said.
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Windermere Real Estate joins RealtyTrac’s broker network

Company represents more than 40% of all real estate sales in Seattle
Ben Lane
“The addition of Windermere Real Estate to the RealtyTrac Network furthers our mission of aligning with top brokerages in the nation to leverage RealtyTrac’s many resources and further establish them as highly credible, sought after authorities on the housing market,” said Jamie Moyle, CEO of RealtyTrac.
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Newt Gingrich’s plan to fix housing

Highlights from keynote speech at Bipartisan Policy Center
Ben Lane
“We have a unique advantage of being too disorganized to block the future," Gingrich said in his remarks, according to a report from Citylab.
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Wells Fargo CEO: Housing no longer leads the recovery

Auto industry and energy industry take new precedence
Brena Swanson
Wells Fargo CEO John Stumpf said at the National Press Club in Washington D.C. on Wednesday that he is “optimistic” on the economy and “bullish” about the future.
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Caliber Home Loans acquires Cobalt Mortgage

Expands into Pacific Northwest region
Brena Swanson
Irving, Texas-based Caliber Home Loans, is acquiring Cobalt Mortgage, significantly expanding its sales force and nearly doubling the size of its branch retail lending business.
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