RealtyTrac's first-ever U.S. Home Equity Line of Credit Trends Report on October 6th revealed that the rate ofhome equity line of credit borrowing climbed 21 percent in the 12 months ending June 2014, as lenders originated 797,865 ‘HELOCs’ across the country during that time.
As readers of HousingWire know, Federal Housing Finance Agency Director Mel Watt has been working towards a plan to open what many see as underwriting standards that are too restrictive. Now, The Wall Street Journal is reporting that Fannie Mae and Freddie Mac may be close to adopting Watt's initiative.
From Oct. 21-23, RESO will hold its fall conference and inaugural "plugfest" where software designers will come together to test their products against each other to see how close they are to "plug and play."
A Missouri couple isn’t happy with the bunch of Flagler County, Florida surveyors and homebuilders who constructed their $680,000 dream, beachfront home. The home is fine, it's just in the wrong place.
Foreclosure filings, including default notices, scheduled auctions and bank repossessions, were reported on 317,171 U.S. properties in the third quarter. According to Daren Blomquist, vice president at RealtyTrac, this rise in foreclosures foreshadows a new trend.
Donuts Inc., the world’s largest registry for new generic top-level domains (gTLDs), today registered its one millionth Internet address, making the company the first new gTLD provider to reach that total.
The bank’s mortgage unit suffered a profit decline of 46% over the past quarter and its new origination mortgages fell to its lowest level since the financial crisis. And, executives at the big bank indicate they are just fine with the way things are going.
Citigroup’s OneMain Financial, a major player in subprime lending, is preparing for a $50 million initial public offering, and how it performs could provide insight into the current state of subprime lending.
If anyone doubted the value of such third-party listing aggregators, as they’re known in the industry, there’s growing evidence these digital powerhouses have become serious players. In July, Zillow and Trulia announced a merger agreement that’s expected to be approved by regulators later this year.
Mortgage loan servicing was one of the critical processes that broke down during the 2008 housing crisis, but it has now become one of the most integral components for the market s recovery, according to an October 2014 CoreLogic
Parents can be held liable for what their kids post on Facebook, a Georgia appellate court ruled in a decision that lawyers said marked a legal precedent on the issue of parental responsibility over their children's online activity.
Ernst Publishing Company, a provider of technology and closing cost data for the real estate industry, updated its patented search engine technology, making it ready for the new CFPB Integrated Disclosure rule coming next year.
The company will then shift to looking for partnerships with big players in parts of the U.S. where it is not yet strong, including the Midwest, and internationally, including the U.K., continental Europe and Asia.