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

Zillow Group beats 2Q estimates, revenue climbs 20%

Beat company's own expectations

Here are the 20 hottest housing markets right now

realtor.com reveals where demand and prices are sizzling
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Articles by Ben Lane

B2R Finance adds Brad Weber as chief accounting officer

Former controller at Bank of America joins single-family rental lender
In this role, Weber will lead the accounting, reporting and control functions, as well as human resources and regulatory compliance. Weber will also be a member of the executive committee, which is comprised of the company’s senior-most leadership team.
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MERS wins big once more in Federal Court of Appeals

Overturns lower court ruling in suit brought by Pennsylvania county recorder
For the third time in the last few weeks, MERSCORP Holdings secured a victory in a Federal Court of Appeals, which upheld MERS’ mortgage assignment rights. This time, a Pennsylvania county recorder sued MERS, arguing that MERS owed the county million of dollars in unpaid recording fees stemming from the transfer of promissory notes as mortgage assignments.
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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.
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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.
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Appraisal Institute selects Jim Murrett as new vice president

Begins one-year term on Jan. 1
The Appraisal Institute announced the election of Jim Murrett to serve as the organization’s vice president in 2016. Murrett’s one-year term at the Appraisal Institute will begin Jan. 1, followed by one year each as president-elect, president and immediate past president.
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Rick Perry: Clinton policies caused housing crisis

Warns another crash is coming; advocates ending Fannie, Freddie
In a speech last week in New York, former Texas Gov. Rick Perry positioned himself, surprisingly, as a populist ready to take on Wall Street, laid the blame of the housing crisis on the “destructive homeownership policies” of the Clinton administration, and warned that the next crisis is coming.
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Ocwen tanks in wake of poor second quarter results

Stock drops more than 30% in early trading
After seeing its income from operations in the second quarter fall nearly $100 million from last year and despite the company’s CEO saying that the company “made positive strides on many fronts in the second quarter,” Ocwen Financial is taking a beating on the stock market on Friday. So what's causing Ocwen's drop?
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