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

Here are the 20 hottest housing markets right now

realtor.com reveals where demand and prices are sizzling

Mortgage closing costs drop 7% to $1,847

Origination fees dropped but third-party costs rose
W S

News

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

Zillow names new chief financial officer, chief operating officer

Promotes architect of Trulia merger
Zillow Group found a replacement for its departing chief financial officer from within its own ranks. Zillow announced Monday that it is promoting Kathleen Phillips, who oversaw the entire Trulia acquisition, from chief operating officer to chief financial officer.
Read More

The $96M house-flipping Ponzi scheme?

When you're in a hole, stop digging
A co-owner of a real estate firm based in Irvine and Long Beach set up a Ponzi scheme to pay off old investors while continuing to recruit new ones for a plan to flip distressed apartment buildings.
Read More