News
Servicer Vericrest Financial is said to have obtained servicing rights out of the Berkshire Hathaway acquisition of a portfolio of Residential Capital whole loans, sources told HousingWire.
Vericrest Financial...
The Federal Housing Finance Agency released projections of the financial performance of Fannie Mae and Freddie Mac, showing both will repay the U.S. Department of Treasury faster than anticipated because of the housing market turnaround....
NMI Holdings Inc. successfully raised $550 million in private capital to launch a new private mortgage insurance company.
Bradley Shuster, chairman, president and CEO of NMI Holdings, raised the capital to launch National Mortgage Insurance Corp. — a...
NMI Holdings Inc. successfully raised $550 million in private capital to launch a new private mortgage insurance company.
Bradley Shuster, chairman, president and CEO of NMI Holdings, raised the capital to launch National Mortgage Insurance Corp. — a...
The Bay State, which was once floundering under an influx of foreclosures, is back in recovery mode and recently struck its highest home sales level in nine consecutive quarters.
The Warren Group, which publishes Banker & Tradesman in Massachusetts,...
While the U.S. housing industry continues to stay positive, obstacles remain in the wake of the next decade, according to Moody’s Investors Service analysts.
In regards to land, companies that turned down inventories quickly and proficiently during the housing bust...
Home prices grew 2.6% over last year in August with the average home price hitting $205,000, according to the latest Home Price Index from Lender Processing Services.
Since the start of this year, prices have edged up 4.6%, suggesting 2012 was in fact the year of a...
Home prices grew 2.6% over last year in August with the average home price hitting $205,000, according to the latest Home Price Index from Lender Processing Services.
Since the start of this year, prices have edged up 4.6%, suggesting 2012 was in fact the year of a...
A steep drop in distressed properties and inventory levels buoyed Phoenix area home prices to levels not seen since 2008, DataQuick reported Thursday.
The median sales price of $155,000 for new and resale Phoenix...
PulteGroup ($21.37 -0.12%) earned $117 million in Q312, or 30 cents a share. A year earlier, the company reported a net loss of $129 million, or 34 cents a...
PulteGroup ($21.37 -0.12%) earned $117 million in Q312, or 30 cents a share. A year earlier, the company reported a net loss of $129 million, or 34 cents a...
States riddled with foreclosures more than doubled the number of homeowners receiving aid through the Treasury's Hardest Hit Fund in the past several months, the Special Inspector General for the Troubled Asset Relief Program said in a report Thursday.
The...
States riddled with foreclosures more than doubled the number of homeowners receiving aid through the Treasury's Hardest Hit Fund in the past several months, the Special Inspector General for the Troubled Asset Relief Program said in a report Thursday.
The...
New short sale guidelines from Fannie Mae and Freddie Mac are designed to prevent deceptive transactions that pop up in times of distress when servicers and borrowers are negotiating short sales, representatives from Freddie Mac said in an exclusive webinar with...
Mortgage banking results continue to stay strong for the third quarter because of of gain-on-sales margins and an increased volume of origination. However, representations and warranty claims also remain elevated, primarily as a result of new repurchase requests made by the government-sponsored...