CoreLogic: Home prices rose an amazing 6.5% annually in June

CoreLogic: Home prices rose an amazing 6.5% annually in June

This marks 40 straight months of increases

Zillow Group beats 2Q estimates, revenue climbs 20%

Beat company's own expectations

Here are the 20 hottest housing markets right now

realtor.com reveals where demand and prices are sizzling
W S

News

B2R Finance adds Brad Weber as chief accounting officer

Former controller at Bank of America joins single-family rental lender
In this role, Weber will lead the accounting, reporting and control functions, as well as human resources and regulatory compliance. Weber will also be a member of the executive committee, which is comprised of the company’s senior-most leadership team.
Read More

Zillow Group beats 2Q estimates, revenue climbs 20%

Beat company's own expectations
It was a profitable second quarter for the recently created Zillow Group, with the online real estate company reporting that its revenue increased 20% to $171.3 million. A couple of major acquisitions and some executive level changes give the online real estate company a lot to boast about.
Read More

MERS wins big once more in Federal Court of Appeals

Overturns lower court ruling in suit brought by Pennsylvania county recorder
For the third time in the last few weeks, MERSCORP Holdings secured a victory in a Federal Court of Appeals, which upheld MERS’ mortgage assignment rights. This time, a Pennsylvania county recorder sued MERS, arguing that MERS owed the county million of dollars in unpaid recording fees stemming from the transfer of promissory notes as mortgage assignments.
Read More

Compass Point: Expect things to get worse for Ocwen

Shrinking servicing portfolio will lead to scant profits
As it turns out, there may not be a light at the end of the tunnel for Ocwen Financial, which saw its stock price take a beating last week in the wake of seeing its income from operations in the second quarter fall nearly $100 million from last year. Compass Point analysts weigh in.
Read More

Auction.com hosts largest online real estate sale in history

The $96M sale is the largest e-commerce transaction, period
Auction.com just announced the largest transaction in its 8-year history and largest online real estate transaction ever: The $96.075 million sale of Manhattan Towers, a two-building, 309,734-square-foot office property in Manhattan Beach, Calif., a premier coastal community within Los Angeles.
Read More

NAFCU posts its regulatory relief “top 10” wish list

Credit unions struggling in post-Dodd-Frank world
The director of regulatory affairs for the National Association of Federal Credit Unions has sent a letter to the National Credit Union Administration urging the agency to undertake promised and much needed regulatory relief. The post-Dodd-Frank world ain't easy. Read on.
Read More

J.G. Wentworth completes transition into mortgage lender

Finalizes acquisition of WestStar Mortgage
In March, J.G. Wentworth, the purchaser of structured settlement payments, annuity payments, lottery payments and other receivables that rose to fame with the “It’s my money and I want it now” advertising campaign, announced its intention to acquire WestStar Mortgage. That acquisition is now complete.
Read More