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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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American mobility at historic low and not changing soon

People are staying in place longer and fewer are moving
Trey Garrison
The U.S. Census Bureau’s current population survey released on Tuesday shows that mobility is flat — at the same low level of 11.7% as the year before.
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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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Urban Institute map shows 12 years of mortgages in 24 seconds

Details mortgage activity by ethnicity before, during and post-crash
Trey Garrison
The Urban Institute has created an interactive map that transforms data on more than 100 million mortgage originations throughout the United States into a compelling visual that identifies borrowers by race and ethnicity over a 12-year period.
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FOMC: Tapering quickly coming to a close

Tapers another $10 billion
Brena Swanson
Tapering is likely to end at the next Federal Open Market Committee meeting, according the latest September minutes. In the latest meeting, the committee decided to taper another $10 billion.
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Willam Matchneer joins Bradley Arant Boult Cummings

Will work with financial services litigation and compliance practice group
Ben Lane
Matchneer joins the firm from the Consumer Financial Protection Bureau, where he served as senior counsel with the CFPB’s division of research, markets and regulations. In this role, he served as the team lead for regulations implementing certain aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Lennar earnings soar amid positive builder news

Beats analyst expectations
Brena Swanson
Homebuilder Lennar reported strong third-quarter earnings amid positive industry reports on builder confidence. "Our core homebuilding business continues to drive earnings, with strong sales, deliveries and margins," Stuart Miller, CEO of Lennar Corporation, said.
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Lawsky’s latest target: Hard-money lenders

NYDFS subpoenas nine companies over concerns of predatory lending
Ben Lane
The NYDFS said that hard-money lenders do not typically evaluate a borrower’s ability to repay and likelihood of default, and it has concerns that some lenders may “intentionally structure loans with the expectation of foreclosing on and taking possession of the property."
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