Looking back at the year 2013, it’s clear the housing market is one of the few parts of the economy that started to consistently sing a positive tune throughout the year – albeit a tepid tune at times. …read more
Monthly Archives:: December 2013
Mortgage news wrap-up
In the final days of 2013, the mortgage and real estate markets are prepping for a year of change and transition. HousingWire already sees companies on the move – tackling new changes and trying new strategies. Compass Point Research & Trading Group highlighted four movers and shakers this week. …read more
CoreLogic: 2013 marks year of rapid transition
The housing market went through a period of transition throughout 2013, moving from what looked like a possible housing bubble to a sustainable, long-term recovery made up of reduced delinquencies and foreclosure starts as well as rising home values. …read more
Genpact Mortgage Services to lay off 65 employees in Richardson, TX
Genpact Mortgage Services Inc., a wholly-owned subsidiary of Genpact International Inc., advised the Texas Workforce Commission this past week that it intends to lay off 65 employees – eight of them salaried workers, the rest hourly positions. …read more
NY District Court Judge expands class of plaintiffs in RBS MBS securities case
As banks exposed to mortgage-backed securities litigation try to fight these claims with their sights set on ending long-term exposure, one judge in New York recently gave plaintiffs fighting the Royal Bank of Scotland and other parties over mortgage misrepresentations a green light to expand their class of MBS plaintiffs. …read more
2013 Year In Review – Home Value Forecast – Sacramento Bee
2013 Year In Review – Home Value ForecastSacramento Bee30, 2013 — /PRNewswire-iReach/ — Pro Teck Valuation Services’ December Home Value Forecast (HVF) update looks back at the housing indicators over the last twelve months in a number of residential real estate categories. These include current sales … and more …read more
NAR: Pending home sales post slight November gain
Pending home sales grew moderately in November as real estate deals grew in the South and West, offsetting declines in the Northeast and Midwest. …read more
2013 Year In Review – Home Value Forecast – PR Newswire (press release)
2013 Year In Review – Home Value ForecastPR Newswire (press release)30, 2013 /PRNewswire-iReach/ — Pro Teck Valuation Services’ December Home Value Forecast (HVF) update looks back at the housing indicators over the last twelve months in a number of residential real estate categories. These include current sales price … …read more
Fannie inks $591M settlement with Wells Fargo
As part of the deal, Fannie will receive $541 million in the fourth quarter of this year after adjusting the settlement based on prior repurchases. In addition, the deal releases Wells Fargo from repurchase obligations on toxic loans once sold off to the government-sponsored enterprise. …read more
Fannies inks $591M settlement with Wells Fargo
As part of the deal, Fannie will receive $541 million in the fourth quarter of this year while releasing Wells Fargo from repurchase obligations on toxic loans once sold off to the government-sponsored enterprise. …read more
Flagstar Bancorp reaches $10.8 million repurchase settlement
Flagstar Bancorp has entered into an agreement with Freddie Mac to resolve substantially all of the repurchase requests and obligations associated with loans originated between Jan. 1, 2008 and Dec. 31, 2008. The deal comes on the heels of several other government-sponsored enterprises reaching substantial settlements. …read more
Where did all the single family homes go? Half of foreclosed homes still occupied and big investors not reselling properties. Investors purchase $1 trillion in real estate since 2011.
By drhousingbubble The real estate market has slim pickings for traditional buyers. Funny thing that we have to use the “traditional” preface since the market is overrun with a hoard of investors. I am seeing this with my own two eyes. You are seeing it as well. In most ordinary cases a rise in prices […]
Monday Morning Cup of Coffee: The launch of QM is not the horror story many imagine
In a few days when the clock strikes midnight, the housing market will enter 2014 — a year of new regulations and swift changes. This inevitable transition has state and federal officials on high alert as they try to gauge everything from home affordability issues to rule compliance. …read more
Alice Veretto (Escobar) – Stockton Record
Alice Veretto (Escobar)Stockton RecordIn 1959 they gave up dairy farming and moved to Modesto. John joined an old friend in real estate for a few years and Alice went back to school to become a steno typist. She then went to work for the Bank of California in Modesto. They moved to … …read more
The Secret To Hacking Real Estate Rental Sites – Forbes
The Secret To Hacking Real Estate Rental SitesForbesIn uber-competitive real estate markets such as New York and San Francisco, by the time an apartment hits a rental listing site, it’s already too late. If the unit appears to be an even halfway decent deal, with well-lit photos and a competently … …read more
Small gyms open just in time for Valley New Year’s resolutions – Fresno Bee
Fresno BeeA Stockton-based health club expanded in Visalia this year and specialty studios like a ballet fitness studio and strength and conditioning gyms now call Fresno home. Experts say a growing interest in fighting obesity and improving overall health … …read more
Understanding Estate Planning Part Two – Will or Trust
By Steve The core of an Estate Plan is designating who is going to get your assets when you die and who is going to represent you to make sure that your wishes are carried out. You have two basic choices: 1) a Will; or 2) a Trust. In today’s Article, I’ll give you an […]
Phoenix-Mesa-Scottsdale real estate market makes Forbes’ ‘Best Buy Cities’ for … – KTAR.com
Phoenix-Mesa-Scottsdale real estate market makes Forbes’ ‘Best Buy Cities’ for …KTAR.comPhoenix-Mesa-Scottsdale real estate market makes Forbes’ ‘Best Buy Cities’ for 2014. Comments | Print. By KTAR.com. Originally published: Dec 28, 2013 – 1:28 pm. KTAR.com. Contact KTAR.com by: Forbes_house_5.jpg. This Phoenix home, valued at …Tampa Bay lands on Forbes list of good places to investTampa […]
Council members reach out to youth – Stockton Record
Council members reach out to youthStockton RecordHer career path into social work took several detours: obtaining a real estate license, passing tests to become a substitute teacher and working as a waitress. She eventually got a master’s degree in human development and went to law school. … He … …read more
Ending extension for federal unemployment triggers housing concerns
News that the federal government has decided to fore go an extension of long-term benefits for the unemployed prompted the California Employment Development Department (EDD) to fire off a warning notice to impacted workers. A big underlying concern is what happens to those using these benefits to support mortgages. …read more
Tampa Bay lands on Forbes list of good places to invest – Tampa Bay Business Journal
Tampa Bay lands on Forbes list of good places to investTampa Bay Business Journal… Orlando-Kissimmee metro is negative 17 percent, with 35 percent growth; and negative 2 percent in Fort Lauderdale-Pompano Beach-Deerfield Beach, with 33 percent growth. Mark Holan’s beats include commercial real estate and residential real estate. and more …read more
Artis Real Estate Investment’s Series A Preferred Shares Cross 5.5% Yield Mark – Forbes
Artis Real Estate Investment’s Series A Preferred Shares Cross 5.5% Yield MarkForbesIn trading on Friday, shares of Artis Real Estate Investment Trust’s Preferred Units, Series A (Toronto: AX-PRA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $23.42 on … …read more
LPS: Home price increases slowed in October
October was a slow month for home price growth, with no state seeing an increase of more than a full percentage point and the Lender Processing Services Home Price Index only showing marginal growth from September. …read more
Nov. home sales fall to a 5-year low in Vegas
The Las Vegas market turned into the comeback kid after investors flooded the city in the wake of the real estate bust. Now, a few short years later, the influence of investors is starting to wane. …read more
Philadelphia Fed says housing permits way up in PA, NJ, and DE
New Jersey is leading the tri-state area in new housing permits and the value of those permits when comparing November 2012 to November 2013. …read more