Items Tagged with 'Texas'

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Booming Texas housing market not letting up

Outpaces state’s economy
Texas housing markets aren’t coming off the burner anytime soon, especially when looking at the latest Quarterly Housing Report from the Texas Association of Realtors. The report shows the market is only getting hotter. Does this confirm that the market is in the danger zone?
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Home sellers pricing the market too high?

Number of value reductions increases from last year
The number of homes with price reductions increased from last year. While this could show a softening in the market, it could also show that sellers are coming in too high. This especially true in Texas, which holds four of the top 10 metros with the greatest increase in number of reductions.
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Home sale volume in Texas hits all-time high

Home prices keep going up
Texas home sales and prices may be the only thing rising as fast as the summer temperatures in the Lone Star State. In fact, the Texas Association of Realtors says this quarter demonstrates an all-time high for sales volume in the state.
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Bomb threat forces evacuation of Nationstar corporate headquarters

Threat called in on nearby unaffiliated building; all-clear given after several hours
The corporate headquarters for Nationstar Mortgage, home to approximately 900 of the company's employees, sat vacant for several hours Monday morning as a bomb threat to a nearby unaffiliated building forced an evacuation. After a few hours, Dallas Police gave the "all clear" and Nationstar's employees returned to work. Here are more details on the developing situation.
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Guild Mortgage continues expansion, acquires AmeriPro Home Loans

Deal makes Guild 'one of the largest independent mortgage lenders in Texas'
Guild Mortgage announced Monday that it is acquiring AmeriPro Home Loans, a move that the San Diego-based lender says will make it "one of the largest independent mortgage lenders in Texas." Read on to learn why executives at both companies feel that this deal is mutually beneficial.
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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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