News

Nomura upgrades Altisource Residential on growing single-family rental business

Analysts bullish on company's potential for growth
Altisource Residential Corporation recently disclosed its second quarter financial results, reporting that it took a net loss of $63.5 million during the second quarter. But despite that loss, analysts from Nomura are bullish on the company’s future prospects. The reason? Altisource's growing single-family rental business.
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Industry delivers mixed response to new Fannie, Freddie mortgage application

Will it speed up or slow down process?
Experts in the mortgage industry stand on opposite sides of the new changes Fannie Mae and Freddie Mac put out to the new Uniform Residential Loan Application. While some say it will only slow down the process, and if it’s not broke don’t fix it, others insists that this is the next great step for the mortgage industry.
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DOJ again rebuked in effort to enforce massive BofA 'Hustle' mortgage fine

Billion-dollar settlement for Countrywide home loans denied
Needless to say, the federal government probably isn’t too happy with the United States Court of Appeals for the Second Circuit right now. That's because for the second time in three months, the Second Circuit rebuked an effort by the government to extract one of the largest fines to come out of the housing crisis.
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New home sales post biggest July gain since the housing bust

Sales up by double digits in all areas
New home sales kept up the strong pace from June and soared in July, and while the news didn’t come as a surprise, it’s definitely welcome, according to these industry experts. Here’s proof that demand for new homes remains solid in a low interest rate, low unemployment environment.
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Banks want to cut bank branches, consumers say no

Where's the balance in retail branches versus online?
Banks keep pushing consumers toward online technology, but consumers aren’t ready to give up having a local retail branch an arm’s length away. As a result, banks are left trying to find the balance between having retail locations open for consumers and cutting back costs. So far, there's no easy answer.
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No, California's housing market didn’t fall "off a cliff" in July

The silver lining in the state's housing market
At first look, it appears California’s housing market in July significantly struggled, with single-family homes and condominiums falling a whopping 10.4% for the month. But PropertyRadar dug a little deeper into the data, finding that while sales did decline, it wasn’t as bad as first expected.
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