Housing Wire – Fannie Mae will provide a 3.5% discount to those purchasing a real-estate owned (REO) property listed as part of its HomePath division, according to a company notice. The discount can be used for closing cost assistance or the buyer’s choice of appliances.
loanDepot hires new tech team Company – Cloudvirga – Dan works closely with sales and marketing to drive revenue and position Cloudvirga as a leading provider of technology to mortgage originators looking to differentiate themselves in the industry. Dan joined Cloudvirga from a company named Fidelity National Financial, where he served as President of EXOS Technologies.Why did residential sales decline for fourth month straight? Retail sales in America grew by 0.6% in March after three straight months of declines. From The Wall Street Journal:. Retail sales-a measure of outlays at stores, restaurants and websites-increased a seasonally adjusted 0.6% in March from the prior month, the Commerce Department said Monday, beating economist expectations.
Among 2012 presidential contenders, Pawlenty, who had to deal with a legislative session for about a month of the quarter, came up just a slightly shy of former. Speaker Newt Gingrich raised a.
Beginning on January 28, 2014, Ocwen Financial Corporation (“Ocwen”) will be using the materials. 2013 is preliminarily estimated to be between $550 million and $555 million. Our net income for the.
The balance of the listing fee, nearly $30 million, was paid out in full without the need for those pesky performance hurdles to be met. Elegant, clever: but topped, in money terms, by the sale of the.
House price volatility expected until 2014 How long until housing reform happens? Outside of interest rates, housing finance reform. long-term priorities, so the focus on the topic could reignite. Despite other priorities taking the lead, GSEs will remain on the minds of.House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy Paolo Gelain, aKevin J. Lansing,,b and Caterina mendicinoc anorges bank bfederal reserve Bank of San Francisco cBank of Portugal Progress on the question of whether policymakers should
Realogy soars on the HW 30 equity index S&P settles with SEC for $58 million over bond ratings fraud Dallas will bond its way out of police pay crisis – The city will price .7 million. S&P Global Ratings. Outlooks are stable. The city said it expects to issue more GO bonds for remaining settlements this year or next. The state district court.Even with all the drama surrounding Fed tightening, 30-year inflationindexed Treasury bills are paying around 1% – far below long-term real returns, which have averaged closer to 3%.
are granted to Fannie Mae-approved lenders, servicers, and other mortgage finance professionals, strictly for their own use in originating mortgages, selling mortgages to Fannie Mae, or servicing mortgages for Fannie Mae. Fannie Mae may revoke these limited permissions by written notice to any or all Fannie Mae-approved users.
Total home sales are predicted to increase 3.5% to about 4.74 million in 2012 from 2011 with another 5% gain in 2013 to nearly 5 million, according to the report released last Friday. New home sales are forecasted to jump 10.4% for 2012.
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Fannie Mae then took its sledgehammer to its forecast of existing home sales. Only 4.91 million units will change hands this year, it said, down from 4.97 million in July, down from 5.18 million in January, and down from 5.26 million in August last year. The current forecast is already 3.5% below actual sales last year. And total home sales?
The run rate this quarter is about 65% of the total guidance we gave you of $750 million in net income. That’s up from a 25% run rate in 2Q. On the positive side, I would note that sales volume for.