San Francisco leads the nation in property bidding wars

Freddie Mac CEO: Ready for legislative solution

Looking at new risk-sharing deals, FICO alternatives

Nationstar Holdings posts $48.3M loss in first quarter

Lower servicing revenue proves heavy drag
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The Ticker

In the world of real estate, Pacquiao beats Mayweather

Pac-Man even takes the furniture
Brena Swanson
Both Floyd Mayweather Jr. and Manny Pacquiao might be legends in the boxing ring, but their fight in the housing market doesn’t tell the same story.
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Quicken Loans raises $1.25 billion with debt issuance

Majority will flow to Dan Gilbert’s Rock Holdings
Ben Lane
Quicken Loans raised $1.25 billion last week with a bond issuance, according to a report from Bloomberg. Per the report, the vast majority of the money will go to Rock Holdings, Quicken’s parent company, and Dan Gilbert, the founder and chairman of Quicken and majority owner of Rock Holdings.
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Inlanta Mortgage expands in Greater Chicago area

Veteran Rob Speight to run new branch
Brena Swanson
Inlanta Mortgage continues to expand and announced its latest branch opening in the greater Chicago area.
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Parkside Lending begins offering FHA loans

Opens the door for more qualified borrowers
Brena Swanson
Parkside Lending is now offering Federal Housing Administration loans, helping the lender reach a larger percentage of its clients and broaden homeownership opportunities for qualified borrowers.
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Las Vegas lawyer disbarred for mortgage fraud

Currently serving 87 months in federal prison
Ben Lane
The Nevada Supreme Court stripped a prominent Las Vegas attorney of his right to practice law in the state as part of the punishment for his place in a mortgage fraud scheme that defrauded financial institutions of more than $30 million.
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B2R Finance acquires investor solution provider Dwell Finance

Creates an end-to-end technology for customers
Brena Swanson
In its latest growth initiative, B2R Finance, a lender for single-family residential rental property investors, acquired Dwell Finance, creating a stronger, customer focused product.
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Consumer spending rose in April

Seasonal increase brings peak April since 2008
Trey Garrison
Daily self-reporting of spending averaged $91 in April, up from $86 in March but down from several monthly averages in 2014. Here's what happened.
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Solidifi acquires Southwest Financial Services

Strengthens Solidifi’s home equity market solutions
Brena Swanson
Solidifi, a provider of residential real estate appraisals, acquired Southwest Financial Services, strengthening Solidifi’s solutions for the home equity market.
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'Drug-induced orgy' destroys family's Airbnb rental home

Disturbing video of damage
Brena Swanson
One couple faces a worst-case scenario after renting their home to strangers on Airbnb. What was meant to be four people soon multiplied as the house descended into a massively destructive orgy. The damage is extensive.
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Phoenix bans plywood for vacant REOs

Transparent plastic covers are now required
Brena Swanson
Phoenix residents and government officials decided to take a stand against blight in the city, passing a first-of-its-kind city ordinance. Plywood is out. SecureView is in.
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