News

Consumer optimism holds steady in July

Economic growth to continue into third quarter
Consumer confidence barely moved, but remains historically high. While consumers may feel less confident about business in the short term, experts explain that this report tells tale of increasing economic growth into the third quarter.
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New home sales reach 8-year high

Beats economists’ expectations
New homes sales not only beat out experts’ expectations, but also hit an eight-year high. Although home prices are up, it does not seem to be discouraging the demand for new homes.
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Case Shiller: May home prices rise at modest rate

Shift in regional top markets
Opinions about this month’s Case-Shiller results are as mixed as the report seems to be. While prices continue to rise, it is at a smaller rate than before. The most surprising, however, is which markets are cooling versus those that continue to drive strong price increases.
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HUD program offers investors a discount on default properties

Investment strategy should include claims without conveyance of title program
Because many servicers and investors are new to the CWCOT program, Chronos Solutions offers high-touch service that walks them through the whole auction process. Whether the property is being sold through a live auction at the courthouse or through an online auction process, Chronos maintains close contact with the bidders through RealtyBid.
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CoreLogic revenue explodes thanks to growing property valuation business

LandSafe, FNC and RELS acquisitions paying huge dividends
Thanks in large part to its growing property valuation business, CoreLogic saw a huge jump in revenue during the second quarter, the company reported Monday afternoon. And the company plans to grab even more valuation services market share moving forward, thanks to a "highly fragmented and challenged market space."
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Growing pains at Ditech? Company begins layoffs

Company "reevaluating" operating model; "redesigning" some roles
Ditech Financial relaunched in 2014 with big plans and big goals. Earlier this month, the company said that it is planning to launch a wholesale lending channel, calling the expansion a "natural progression." As it turns out, some of Ditech’s employees will no longer be taking part in the company's "natural progression," as sources tell HousingWire that the company is set to lay off a number of employees.
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Behind the scenes on why Castro didn’t get picked to be Clinton's vice president

Two keys factors that changed
After much talk, and even controversy, surrounding HUD Secretary Julián Castro’s possible nomination to become Hillary Clinton’s vice president, there was a lot more going on behind the scenes, preventing him from locking in the bid. In an interview with The Washington Post’s Dan Balz, Castro explains what happened in the days leading up to Clinton's major vice president reveal.
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