Alarming details charged in the collapse of Butler & Hosch

Alarming details charged in the collapse of Butler & Hosch

Lawsuits allege phony billings, bogus invoices and millions in fake accounts receivables

Digital Risk: These 10 charts fully explain Millennials and home buying

70% will want a mortgage within 5 years

EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm
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Lending

San Francisco exhibiting potential signs of a housing bubble

But not the entire nation
Brena Swanson
The San Francisco Bay Area is showing some warning signs of a possible bubble. However, this isn't to say the entire nation is on the verge of a bubble. Collateral Analytics noted that some economists and real estate observers are trying to sensationalize an issue that doesn't exist.
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FHA proposes insurance claim deadline

FHA states lender filing delays cause strain on department’s resources
Ben Lane
Attention lenders and servicers. There may soon be a deadline to file insurance claims with the Federal Housing Administration, after the FHA issued a proposal establishing a “clear timetable” for claim payments. Click through to learn more.
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Here are the hottest 20 housing markets in America right now

Summer 2015 buying fundamentals best since 2006
Trey Garrison
The U.S. housing markets are on track to be the best since 2006, with robust demand and a corresponding growth in supply maintaining their springtime momentum and helping to boost sales in June 2015, according to the Realtor website report.
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Consumer attitudes on housing signal healthier purchase market ahead

Fannie Mae: Seller’s market indicators point to growing inventory
Trey Garrison
Americans’ outlook toward the current home selling market and the future of home rental prices may bode well for purchase activity this year, according to results from Fannie Mae's June 2015 National Housing Survey.
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Surging rent drives first-time homebuyers in Northwest

Pending sales volumes reaches new high
Brena Swanson
The Northwest posted a surge in first-time homebuyers thanks to rising rents and an influx of relocating workers. “In most cases buying a home costs significantly less than renting and the good news is the monthly payment will remain the same as rents continue to rise,” said Mike Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate.
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Mortgage credit availability stalled in June

Refi boomlet not enough to lift other products
Trey Garrison
Mortgage credit availability decreased in June according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association which analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool.
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CoreLogic: May home prices rose 6.3% nationally

Dallas area leads the way with 10.5% annual price growth
Trey Garrison
May home prices nationwide, including distressed sales, increased by 6.3% in May 2015 compared with May 2014, according to the home price report from CoreLogic. How is your market doing?
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Former LandCastle Title CEO’s luxury condo scheduled for foreclosure auction

Nat Hardwick’s condo at Atlanta’s St. Regis hits auction block Tuesday
Ben Lane
As the law firm he formerly managed is fighting for its life in bankruptcy court, a luxury condominium once owned by Nathan (Nat) Hardwick and allegedly purchased with ill-gotten gains is about to be auctioned off after the property was foreclosed on.
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Here are the top 10 rental markets for real estate investors

Texas dominates
Brena Swanson
While the inventory of foreclosed homes is quickly shrinking, there is still plenty of opportunity in real estate investments, particularly in these 10 cities, according to the same people who operate We Buy Ugly Houses.
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CUNA to CFPB: Extend TRID effective date to end of 2015

Complications, discrepancies justify change
Trey Garrison
The Credit Union National Association is asking the Consumer Financial Protection Bureau to push back its effective date for the Know Before You Owe mortgage disclosure rule to the end of the year. Do they have a point?
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