Why LeBron James' return to Cleveland is huge real estate win

Why LeBron James' return to Cleveland is huge real estate win

Akron and Cleveland rank in bottom ten for price growth

Freddie Mac: 3 ways to improve your credit score right now

Next year's homebuyers need to start today

New legislation will break apart and sell Fannie Mae and Freddie Mac

House Democrats introduce new GSE reform measure
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News

RealtyBid names president amid banner year

Long-time employee Jenny Atchley promoted
July 11, 2014
The announcement comes on the heels of what the company calls “a stellar first half of 2014,” that saw the site’s auction property inventory increase by 49% over the first half of 2013. The site’s property sales in the first half of 2014 grew by 93% over the same time period last year.
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Zillow and Trulia continue to set records

Web traffic reaches new high for both sites
July 11, 2014
Both sites’ increasing traffic has done wonders for their stock prices as well. Trulia is up 16.76% year-to-date and 23.38% from the same date last year. Zillow’s stock price has grown by even more. It’s up 59.88% YTD and up 115.12% from the same date in 2013.
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CFPB targets mini-correspondent divisions

Bureau reacts to growth of these bankers
July 11, 2014
Mini-correspondent lending divisions started to take off after the Consumer Financial Protection Bureau’s qualified mortgage rules went into effect on Jan. 10, creating a possible loophole for lenders and catching the CFPB’s regulatory eye.
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Trading temporarily halted on MGIC as shares drop more than 12%

Legacy private mortgage insurance take hit on FHFA proposal
July 11, 2014
Trading of MGIC Investment was suspended Friday after MGIC issued a press release during trading hours, even as the stock plunged more than 12%
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Republican CFPB renovation numbers don't add up

The fine print in the price tag
July 11, 2014
The expensive price tag on the Consumer Financial Protection Bureau’s office renovations is receiving a lot of criticism from GOP members. The only problem is that they are working with incorrect numbers.
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Wells Fargo originations up 31%, executive excitement not

Results defy industry trends
July 11, 2014
Despite beating analyst expectations for its second-quarter earnings, Wells Fargo executives are less than thrilled about the origination results. But not everyone in the industry shares that opinion.
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Capital Economics: US economy about to shift into high gear

Woo-hoo! Higher wages on the way!
July 11, 2014
“The fiscal drag has eased, household debt has fallen to more manageable levels and property prices have recovered,” according to the executive summary of the third quarter Global Economic Outlook from the analytics firm.
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Why LeBron James' return to Cleveland is huge real estate win

Akron and Cleveland rank in bottom ten for price growth
July 11, 2014
Here at HousingWire, we don’t cover basketball all the time, but even we can’t deny the impact that James’ return to Cleveland could have on the economy of Northeast Ohio.
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Banks aren’t being stingy on mortgage lending

They're being smart
July 11, 2014
It wasn’t at all unusual for prospective buyers to put as little as 3% down to get a mortgage, if they had to put anything down at all! “Them were the days,” my friends! But them were also unusual days. They represented a dramatic departure from normal lending standards.
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Bam! Nomura predicts GDP will double in 2015

But it won’t be because of housing
July 11, 2014
In its “The Economy Next Week” report published Friday, Nomura’s analysts predict that the U.S. gross domestic product will grow 1.5% year-over-year in 2014 and will more than double that growth (3.1%) in 2015.
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