Defying the normal trend, home sales in December rose above the number of November sales by a significant 14.4%. Sales were also 3.9% above those of last December. Although home sales have generally been lower in 2014 than 2013, three of the last four months have experienced sales higher than the same month last year.
A Monday filing with the Securities and Exchange Commission shows that BlackRock is more than an interested party in the mortgage-backed securities whose loans are serviced by Ocwen and its affiliates. BlackRock also owns a substantial stake in Altisource Residential.
The company provides multiple listing service data customized to local markets for both real estate agents and firms, as well as consumers. The firm said it raised its latest capital from Brightstone Venture Capital, Confluence Capital Partners, Mike Bollinger and other angel investors.
Move Inc.’s new CEO Ryan O’Hara is in New York this week meeting other real estate industry players, many for the first time, at Real Estate Connect New York. O’Hara has been living and working in New York—most recently as president of the technology and marketing partnership division of Madison Square Garden Co. But the California native and Stanford graduate will soon relocate back to his home state. Move, which operates realtor.com® through an operating agreement with the National Association of REALTORS®, is based in San Jose.
Solutionstar Holdings LLC, an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings Inc.NSM, +3.30% (“Nationstar”), announced today that it has closed the acquisition of Experience 1, Inc., the holding company for Title365, Trusted Signing and technology subsidiaries X1 Labs and X1 Xpress (collectively, “Title365”).
In the wake of the news earlier this month that ListHub will be sunsetting its listing agreement with Zillow in April, ListHub released a letter to its customers and key constituents Monday that went into far more detail regarding its position than the company has previously shared.
Desktops are a problem area when it comes to suspicious traffic. According to recent research, the majority of desktop traffic in the US is now suspicious, and bots are also expanding their reach. However, mobile is less susceptible to such activity. In fact, suspicious activity for mobile ads served in the US, as well as bot traffic, is down.
Government regulators and the taxi industry can’t stop Uber — but maybe a patent can. At least that’s the hope of Sidecar, a small rival of Uber whose founder obtained a patent related to mobile ride hailing way in 2002, and who claims he thought up today’s version of the industry way back in the 1990s. Meanwhile, Uber…
The mortgage business is set to substantially grow in 2015, with 88% of lenders surveyed by Fannie Mae saying that they are looking to expand their mortgage origination business, and 70% looking to expand their mortgage servicing business.
The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home.
"These new features enhance the brokerage branding on for-sale listings as well as in our powerful directory," said Greg Schwartz, Zillow chief revenue officer. "Brokerages will now have the ability to showcase their brands in several new and prominent ways on every single one of their agents' listings, while having complete transparency to the sites where their listings appear."
Sindeo, a mortgage marketplace that arms consumers with insights into costs and fees to help them plan, qualify and shop for a mortgage with multiple lenders, has hired Trulia's Ginger Wilcox as chief industry officer as the company prepares to launch a new service for real estate professionals.
For the first time in 16 months, the total inventory of homes available for sale dropped last month, according to the National Association of REALTORS®. While the decline was slight – less than 1 percent month-over-month – the drop does represent “a reversal to the general growth of listings that had been occurring throughout 2014,” writes Lawrence Yun, NAR’s chief economist, at the Economists’ Outlook blog. “More inventories are needed, not less. Or else, home prices could re-accelerate.”
The spring home-buying season is just a couple months away. Due to the latest report on the continued slow down in home-price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.
“We had to verify the times with the escrow officers because we didn’t believe it at first," said Amy Moser, vice president of mortgage services at Mountain America Credit Union. "Digital closings are proving that secure delivery of documents prior to closing is not only convenient to our members, but extremely effective.”
Today, the Data and Analytics division of Black Knight Financial Services announced that industry veteran Chip McAvoy has joined its organization as vice president of Emerging Products and Technology. In his new role, McAvoy will support Black Knight’s current MLS offerings, including Paragon MLS, as well as develop and deliver additional products and services to expand Black Knight’s offerings to the real estate industry.
As one of the reported top wholesale lenders in the industry, United Wholesale Mortgage took on the challenge of releasing its own loan origination system. The result takes into account standard elements, along with new unique features.
The new site is polarizing the industry through its contentious approach of forcing agents to only advertise on only one other portal. The question is will this approach cement OTM as a leading portal in the UK market or will normal service eventually resume with Rightmove and Zoopla dominating.