Zillow: Top 10 markets to buy and sell your home now

Wealthier Americans mean a bigger bond market

More liquidity means more debt

Top 10 fastest growing cities in the nation

Most already home to thousands of millennials
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News

RPM Mortgage expands to East Coast

Acquires Regency Mortgage
Brena Swanson
RPM Mortgage acquired Regency Mortgage, a 14-branch private mortgage lender with operations in New Hampshire, Maine, Massachusetts, Vermont and Florida. This means Regency’s loan originators will have access to a larger menu of loan products, in addition to more technology and compliance support.
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HUD, administration announce Promise Zone competition

Cabinets coordinate on urban, rural development in 8 new spots
Trey Garrison
Housing and Urban Development Secretary Julián Castro joined Agriculture Secretary Tom Vilsack, Transportation Secretary Anthony Foxx, and Education Secretary Arne Duncan announced Friday morning a competition to designate a new round of Promise Zones.
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Progress Residential prices first REO-to-rental securitization

Pricing beginning to normalize in burgeoning asset class
Ben Lane
In a sign that the REO-to-rental securitization market is beginning to normalize, Progress Residential 2014-SFR1 priced similarly to the last REO-to-rental securitization, American Residential Properties’ $342.67 million securitization.
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CFPB memo ensures mortgage protections to same-sex marriages

Document reminds staffers all marriages are considered valid
Trey Garrison
With little fanfare, the Consumer Financial Protection Bureau took an important step forward when it issued guidance on mortgage treatment for legally married same-sex couples.
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Zillow: Top 10 markets to buy and sell your home now

California takes over one list
Brena Swanson
Now that the pace of home price appreciation is finally starting to slow, it is easier to see the truth behind which local markets favor either buyers or sellers. Zillow compiled a list of the top ten buyer and seller markets, with the West Coast dominating one list.
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Home Depot credit card breach surpasses Target's

Estimates 56 million credit cards breached
Brena Swanson
Home Depot continues to investigate its massive credit card breach, which is shaping up to be bigger than Target’s breach back in December 2013. And the true financial costs of the breach have yet to be determined.
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reQuire grows, acquires Final Trac

Terms of deal not announced
Brena Swanson
“The added experience, skills and relationships they bring to the team will allow reQuire to more rapidly expand its service offerings and position the company as the ‘go to’ source for risk mitigation solutions in real property transactions,” Matt Klein, reQuire’s president, said.
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KPMG adds Larry Walker as managing director

Joins mortgage and consumer lending group
Ben Lane
“Larry’s unique background combining top level hands-on mortgage industry operational and consulting experience is indispensable to our clients as they seek critical assistance navigating the complex mortgage and consumer lending market,” said Mark Twerdok, KPMG partner.
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New York’s foreclosure backlog isn’t going away until 2016, at least

Prospects slightly better in New Jersey
Ben Lane
"In New York, the recent private-label RMBS foreclosure backlog of 38,213 loans could be cleared in approximately 5.7 years using the last 12 months’ average exit rate of 1,684 loans and in approximately 2.4 years using the 2008-10 average rate of 4,059 loans," Moody’s Investors Service said in a new report.
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CHARTS: How Stonegate will thrive in a flat market

3 areas drive growth
Brena Swanson
Stonegate Mortgage will not only succeed in 2014 but it will also grow during a flat market, according to Stonegate Mortgage’s CEO Jim Cutillo. These charts show how.
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