ForbesFollow Comments Following Comments Unfollow Comments. Corporate envelopes are no longer an effective way to buy real estate in Britain after the Government introduced an annual tax on empty, corporate-owned properties worth more than £500,000. and more …read more
Monthly Archives:: March 2014
Britain Levies Annual Tax On Empty Real Estate In Corporate Ownership – Forbes
ForbesFollow Comments Following Comments Unfollow Comments. Corporate envelopes are no longer an effective way to buy real estate in Britain after the Government introduced an annual tax on empty, corporate-owned properties worth more than £500,000. and more …read more
Moody’s rating new REO-to-rental securitization
Moody’s Investors Service assigned provisional ratings to four classes of certificates backed by one floating rate loan secured by mortgages on 3,399 single-family rental properties owned by the Colony American Homes 2014-1 securitization. …read more
Moody’s gives provisional rating to new REO-to-rental
Moody’s Investors Service has assigned provisional ratings to four classes of certificates backed by one floating rate loan secured by mortgages on 3,399 single-family rental properties owned by the Colony American Homes 2014-1 securitization. …read more
Continuing jobless claims rise to 2-month high
Continuing jobless claims rose the most in two months, coming in well above analyst expectations for the eighth week in a row, according to the U.S. Department of Labor. …read more
Home sales slowest since July 2012
Existing home sales fell again for the second month in a row, falling 0.4%. February’s pace of sales was the lowest since July 2012, when it stood at 4.59 million. …read more
Existing home sales pace slowest since July 2012
Existing home sales fell again for the second month in a row, falling 0.4%. February’s pace of sales was the lowest since July 2012, when it stood at 4.59 million. …read more
Here’s the Housingwire pick in Quicken’s billion-dollar March Madness bracket
Housingwire decided to try our luck and laugh in the face of astronomical odds so we entered a bracket of our own into the contest. …read more
Freddie Mac: Mortgage rates retreat back
Mortgage rates eased for the week ending March 20, following a drop in housing starts and the Fed’s decision to continue to taper. …read more
New Residential 4Q earnings grow amid MSR investments
New Residential Investment posted a GAAP income of $80.5 million, or 31 cents per diluted share, for the fourth quarter of 2013, following significant adjustments and investments in mortgage servicing rights. …read more
Chinese Billionaire Xiong Xuqiang Targets Tech, Joins Diversifying Real Estate … – Forbes
Chinese Billionaire Xiong Xuqiang Targets Tech, Joins Diversifying Real Estate …ForbesChinese real estate billionaire Xiong Xuqiang has purchased a 20% stake in a Chinese publicly traded semiconductor packaging company, the latest in a flurry of moves by property developers to diversify as China faces slower economic growth. Xiong, who … …read more
Chinese Billionaire Xiong Xuqiang Targets Tech, Joins Diversifying Property … – Forbes
Chinese Billionaire Xiong Xuqiang Targets Tech, Joins Diversifying Property …ForbesChinese real estate billionaire Xiong Xuqiang has purchased a 20% stake in a Chinese publicly traded semiconductor packaging company, the latest in a flurry of moves by property developers to diversify as China faces slower economic growth. Xiong, who … …read more
Inspector General: FHFA fails to report FHLB expense data
For four years now, the Federal Housing Finance Agency failed to submit the Federal Home Loan Banks’ director expense data to Congress, as required by the Housing and Economic Recovery Act. …read more
Can technology help safely expand mortgage credit?
As we enter the all-important spring selling season, it appears that lenders are willing to do what’s in their control to gradually expand the credit box and with it the pool of potential home buyers. …read more
Impac Mortgage posts $8.2 million net loss in 2013
Impac Mortgage Holdings posted a net loss for the year ended 2013 of $8.2 million, or 94 cents per diluted common share. …read more
Ocwen stock brushes off more headline risk
Ocwen Financial Corp is set to pay $268 million to California residents as part of $2.1 billion settlement of a Consumer Financial Protection Bureau investigation into its servicing practices. …read more
Zillow launches mortgage pre-approval tool
In light of the market heading into the spring buying season, Zillow launched its new mortgage pre-approval tool that allows home shoppers to get pre-approved for a mortgage quickly and easily. …read more
Bill would force full transparency at CFPB
A Congressman is introducing a bill to open the Consumer Financial Protection Bureau up to face the same scrutiny as every single other commission, regulatory body and government body in Washington, D.C. …read more
Zillow: Sell on West Coast, buy on East Coast
If you are looking to sell your home, living on the West Coast drastically gives you the upper hand on selling power as spring home shopping season heats up. …read more
Fed votes to continue taper, lowers growth expectations
In a near unanimous vote, the Federal Open Market Committee of the central bank elected to continue the taper program of quantitative easing started at the end of 2013 under the former Fed Chair. …read more
Can the mortgage industry talk about technology please?
Instead of worrying about the points and fees on a $100,000 loan, the unequal treatment third party fees, or mortgage insurance requirements at this conference, let’s talk about how advances in technology enable a lender to meet these requirements, even if two separate regulations oppose each other. …read more
Share of purchase loans increasing, time to close decreasing
Residential home loan refinances continued on a downward trend in February, according to the origination insight report for February 2014 from Ellie Mae. …read more
TitleOne acquires Land Title & Escrow
TitleOne Corporation acquired Land Title and Escrow, southern Idaho’s largest title and escrow company. …read more
CFPB still flooded with mortgage complaints
Logically, at some point — due to CFPB-initiated regulations in the mortgage space — these complaints will begin to trend downward. But that’s not happening yet. …read more
S&P upgrade pushes Assured Guaranty to top of monoline hill
Assured Guaranty is upgraded by Standard & Poor’s Ratings Services to AA Stable Outlook from AA- Stable Outlook giving it the highest ratings in the industry from national ratings firms. …read more