News
During the peak of the mortgage crisis, foreclosed homes sold at a 25% discount on average, but the market is stabilizing and the price differentiation between a home’s foreclosed valued and original market value is beginning to narrow, FNC reported.
The real estate...
Ally Bank, the subsidiary of Ally Financial, announced that it has reached an agreement to sell its Business Lending mortgage operation to Walter Investment Management Corp.
The sale price was not disclosed, but the transaction is...
Renters in multifamily apartments of five or more units currently account for 15 million U.S. households and that figure is expected to rise even more as demographics and housing preferences shift, a Fannie Mae executive said.
Various factors are driving the increase in rental...
Federal Reserve Bank of Boston CEO and President Eric Rosengren remains committed to the Fed's aggressive fiscal policies even as other Fed bank leaders continue to cast some doubt on the long-term benefits and risks of quantitative easing.
Rosengren recently discussed...
HousingWire's Monday Morning Cup of Coffee takes a look at news from the weekend, with more coverage on bigger issues.
Mortgage servicing giant Lender Processing Services entered into an agreement with the U.S. Department of Justice to...
HousingWire's Monday Morning Cup of Coffee takes a look at news from the weekend, with more coverage on bigger issues.
Mortgage servicing giant Lender Processing Services entered into an agreement with the U.S. Department of Justice to...
Obtaining a loan modification is no indication that a borrower has successfully moved into a territory where they are safe from the threat of foreclosure.
In fact, a research note from Barclays Securitised Products Research...
[Update 1: Rightfully attributes Smith Breeden source]
Large institutional investors such as private equity funds, mortgage real estate investment trusts and hedge funds are new entrants to the distressed real estate-owned market.
The emergence of the large institutional...
Despite concerns that the housing recovery is investor-fueled and unsustainable, Capital Economics is confident that market fundamentals are reflective of a long-term, sustainable recovery. At least, that is the research firm's forecast for some states.
...
Gleacher & Company entered into agreement with Homeward Residential, a subsidiary of Ocwen Financial Corporation, to purchase all assets of ClearPoint, the company announced in its earnings report.
The sale price was...
President and CEO Sandra Pianalto of the Federal Reserve Bank of Cleveland views efforts made by the Federal Reserve to support economic growth and maintain price stability in the market during the Great Recession as a necessary step after an implosion of the...
Momentum continued to grow in a snowball effect manner, with prices rising to a two-year high in December, according to the latest FNC report.
Battling a deceleration in economic growth, the housing recovery maintained a steady pace,...
Momentum continued to grow in a snowball effect manner, with prices rising to a two-year high in December, according to the latest FNC report.
Battling a deceleration in economic growth, the housing recovery maintained a steady pace,...
The second month of 2013 brought news that non-judicial foreclosure filings fell significantly in California.
This development may be due to the changing legal landscape in the state, rather than a sign that all distressed homeowners in the state are eventually going to find a...
Mortgage real estate investment trusts will announce $1.7 billion in new capital offerings in 2013, said analysts at Bank of America Merrill Lynch ($13.44...