Items Tagged with 'Texas'

ARTICLES

Bank of America to consolidate North Texas mortgage operations

Closing down former Countrywide location in Ft. Worth
Another one of the vestiges of Countrywide's past is about to disappear, as Bank of America is set to close and sell a facility in Ft. Worth, Texas that once housed as many as 3,000 Countrywide employees. But the move will not lead to any job cuts, according a report from the Dallas Morning News.
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Texas Supreme Court hands victory to Ocwen in fight over lien release

Nonbank accused of violating state's constitution by not releasing lien on time
Ocwen Loan Servicing secured a major victory in Texas' highest court recently. Seven of the nine justices on the Texas Supreme Court ruled that the state's constitution does not give a homeowner the right to repayment of their home loan amount simply because a lender did not release its lien on the home in the proper timeframe.
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Texas housing inventory officially hits all-time low

Supply problems in every major metro
The problem just got worse for folks looking to buy in the Lone Star State. If they weren't already struggling enough with today’s tight market, housing inventory now sits at an all-time low. According to the Texas Association of Realtors, this could become a larger problem if something doesn't change.
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Hey Dallas Millennials! Better get used to renting

Study shows 'little hope' for reviving sub-$200,000 new home market
First-time homebuyers and those looking for a smaller, new home in the Dallas-Fort Worth area are out of luck now, and will remain that way into perpetuity, according to a new report from Metrostudy. That's because homebuilding is booming in DFW, but not for smaller homes.
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Here’s an inside look at the most expensive home in every state

From Alabama to Texas
If you have a several million dollars lying around, or simply are curious, these spots would be beautiful places to call home in some of the nation’s most picturesque locations. Here's an inside glimpse of the current most expensive houses for sale in each state, along with an in-depth video of the top home for sale in The Lone Star State.
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Fitch: Texas homes overvalued by 10% to 15%

Decline in oil prices amplifies rising home evaluation
Rising home prices in Texas continue to grow at a more rapid rate than income growth, creating an overvaluation of 10% to 15%. After about several years of consecutive price increases, the market in Dallas became overvalued in 2014, and in Houston 2013.
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