Pending home sales drop for the first time in 2015

Pending home sales drop for the first time in 2015

May level down 1.8% on low inventory, escalating prices

Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Rep. Ed Royce-sponsored bill now has bipartisan support

First look: Architect Magazine showcases Fannie Mae’s new corporate digs

It’s big and beautiful and it saves the GSE money
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The Ticker

Demand growing for rent-to-own homes

By investors and consumers
Rent-to-own programs are once again increasing in popularity after losing steam back in the 1990s. One perk of the program that’s appealing to consumers is that they aren’t forced to purchase the home.
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HomeUnion continues to expand

Adds five news metros for SFR
HomeUnion announced another expansion, adding five major metros into its list of active investment markets. As the rental market continues to grow, Don Ganguly, CEO of HomeUnion, said that he sees high profit for the single-family rental market.
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Bank of America CFO’s exit reportedly linked to desire to lead company

Citing sources, Reuters reports Bruce Thompson wanted CEO job
Bank of America shocked the market a bit last week, when it announced the departure of Bruce Thompson, the bank’s chief financial officer and chief risk officer, without a great deal of explanation as to why Thompson was leaving. Now, a Reuters report sheds some light onto the supposed reason that Thompson is stepping down.
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Castle & Cooke partners with Optimal Blue

Streamlines mortgage-lock process
Optimal Blue, a cloud-based provider of managed-content, pricing and product eligibility, secondary marketing, consumer engagement, data and analytics, and compliance services, announced a partnership to provide a pricing engine for Castle & Cooke’s new mortgage origination system.
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Bank of America senior management shakeup continues

Seeking replacement for top lawyer, overseer of $16.5 billion DOJ settlement
The senior management shakeup at Bank of America is continuing. According to multiple reports, Bank of America is interviewing “possible successors” for Gary Lynch, who serves as the bank’s global general counsel.
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