In the first three quarters of 2014, there were 1,675 total units sold at $1 million or more in the Chicago area, which is up 8% over last year. The homes sold with a median sales price of $1,350,000, which is up 3% compared to the same period in 2013.
Re/Max Holdings recorded better-than-expected second-quarter revenue as it continued to grow its pool of real estate agents. The real estate company reported a profit of $4.4 million, or $0.36 a share.
The HW 30 – HousingWire’s exclusive list of mortgage industry and real estate stocks – rose 1.87% by market close on Wednesday as the nation’s top three stock indices fell on news that the U.S. government remained closed.
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry..
“Bad letters damage the brand,” Katherine Porter says. “There’s a contagion effect of this. I think bad letters are unjust. They disproportionately harm the borrowers we need to help the most.” Read More
The answer may be found somewhere between commandeering the entire process and “throwing it over the fence.” For lenders, paying more attention to the source of the data and information used in finalizing settlement (title searching, valuation and the like) could hold the key. This means data reporting collected in a more robust, accurate and verifiable fashion. Read More