Just when you thought the era of real estate spin and kool-aid drinking was over, the market is now saturated with glowing reports about today’s rapidly appreciating home prices and the ongoing real estate recovery.
While current data does show a recovery in home prices, numerous analysts – including those at Capital Economics – are asking for some humility at this time … and for good reason.
It was only a short seven years ago when everyone was proclaiming the...
"It’s never been less important to be smart than it is today because every single piece of knowledge sits on your phone," Gary Vaynerchuk, founder & CEO of VaynerMedia, told his audience at HousingWire’s Real Estate Expo (REX Annual) on Monday.
In an age where anyone can search via Google to find out who the 14th president of the United States was,...
It seems like no matter what California Attorney General Kamala Harris does, she can't get everyone on the same page — to be bold, the same chapter.
Homeowner advocacy groups California, Occupy Fights Foreclosure sent a pretty aggressive open letter to Harris demanding to know why no prosecutions against banks were being taken, since — according to the local homeowners — the financial institutions are at the helm of creating the crisis of mortgage fraud.
"We do not understand...
The mortgage business is a top source of revenue for banks, and mega bank Wells Fargo is no exception.
Wells Fargo ($40.66 -0.18%) CEO and President John Stumpf presented at the Sanford C. Bernstein Strategic Decisions Conference on Wednesday discussing the overall health of the bank.
Stumpf said the culture of our company and...
Ben Bernanke, chairman of the Federal Reserve, sure knows how to stir up some controversy.
After his speech last week about the eventual tapering of the open-ended third-round of quantitative easing program, and the Federal Open Market Committee meeting...
Word to the wise for entrepreneurs and innovators in the mortgage financing space: be prepared for interviews to turn bizarre.
Austin Allison, the founder of dotloop, raised $10 million for his amazingly useful startup. And so he goes on CNBC and what does he get asked about?
Ribs.
Here are some of the other gems the anchors at CNBC have to say about mortgages: "It's like the one industry where you still have a fax machine that's used constantly. Yeah...
Wells Fargo customers have paid down $50 million in mortgage balances since the mega bank unleashed its Home Rebate Card in 2007, just one year before the housing market crash.
Unlike a lot of other mortgage products that failed, the credit card managed to stay afloat and proved to be quite beneficial to homeowners.
The card is unique because every purchase...
Here's comes the housing recovery, finally, and so here also come the critics.
Don't get me wrong, as far as economic recovery goes, this one's pretty weak.
Heidi Moore at the Guardian gives perhaps the best overview to the argument that the recovery is failing consumers in general:
"A recovery allows real estate agents and banks to tell Americans that...
Smart machines could eventually kill the mortgage finance and real estate space. At least, that's my opinion.
I know what you’re asking — how could technological innovation destroy two pillars of the U.S. economy?
In some ways, this is an accurate perception. Technology in the future will certainly help lenders and servicers detect risk early on.
In fact, many investors have spent the past four years figuring out how they can better use data and technology to prevent the...
Wall Street is beautiful dynamic, especially when trading is working in one's favor.
Tuesday just happens to be one of those days that investors and large banking institutions see a lot to rejoice about, considering the stock market is performing at an impressive pace.
Why the sudden boost of confidence? We can all thank the market data, specifically the S&P/Case-Shiller.
Home prices...
