However, an amendment that would reduce the CFPB’s funding – by up to $100 million over the next 10 years, according to some reports – was inserted into the bill prior to the house vote. And it’s that change that’s prompted the promise of a rarely-used veto from Obama.
"When asked what causes them to leave a vendor website, 44% of [survey] respondents indicated 'No Contact Information or Phone Number,'" Derek Edmond, managing partner of KoMarketing wrote in a blog post. "More than half -- 54% -- indicated that the lack of thorough contact information reduced a vendor’s a credibility."
The website attracted 70% more unique visitors in March 2015 than in the same month in 2014, while visits via search engines (Google, Bing, etc.) doubled. Three regions stand out as the biggest traffic generators: Toronto, where traffic went up by 129%; Ottawa, which saw an increase of 89%; and Winnipeg, where traffic was up by a staggering 373%.
As home prices continue to increase, fewer homes are now heading into foreclosure. While this might be disappointing news for home shoppers, Auction.com Executive Vice President Rick Sharga cites four reasons for this trend.
When it comes to the financial services industry, one of the biggest digital disruptors is the online lender – lenders who operate solely online and distribute direct to the consumer. Online lenders may not offer the personalized service that an originator can, but they can pass their savings on overhead costs onto consumers in the form of much cheaper rates – and can offer it all from the comfort and convenience of the consumer’s couch.
Redfin asks what’s causing the inventory crunch and what they found is that, according to RealtyTrac, more than 7 million homeowners can’t sell because they’re deeply underwater, meaning they owe more on their properties than they’re worth. That figure is falling as rising home values put more homeowners into the black, but those same price gains, coupled with weak wage growth and tight credit, are discouraging many from selling and trading up. Builders haven’t kept pace, either.
Sales of new single-family houses in March 2015 tumbled back down to a seasonally adjusted annual rate of 481,000, 11.4% below last month’s revised estimate of 543,000, the latest report from the U.S. Census Bureau and the Department of Housing and Urban Development.
According to CoreLogic, the revenue growth was primarily driven by higher demand for property data, analytics and underwriting solutions, as well as market share gains and the benefits of the acquisition of Marshall & Swift /Boeckh and DataQuick.
Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of Realtors®. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.
In its first year as a national tax, deed and mortgage file licensing provider, RealtyTrac has closed more than one deal a week across multiple industries including appraisal, analytics, technology, real estate, government and marketing. The company inked deals with industry power houses such as Auction.com and Acxiom, appraisal clients such as The Information Market/ARMLS, ValueScape and EMC2 Data as well as MLS technology firms such as Rapattoni.
Earlier this week we had the opportunity to try out Mini’s new Augmented Vision, a set of driving goggles that brings some of the features of your standard heads-up display to a set of glasses, making for an interesting look at the future of both connected eyewear and connected vehicles.
She meticulously translated these rigid, well-known brands through careful calligraphy. And the results are like an uncanny peek into an alternate universe where computers and printers never came to be, and all branding must be drawn by hand.
"We saw significant improvement in our first-quarter earnings as compared with last year, driven by strength in the commercial and refinance markets and by our continued focus on cost efficiency," said Dennis Gilmore, chief executive officer at First American Financial.
The First-Time Buyer Mortgage Risk Index for agency mortgages stood at a series record of 15.14%, up 0.1 percentage point from the average over the prior three months and up 0.5 percentage point from a year earlier.
Comcast reportedly will walk away from its $45 billion deal to acquire Time Warner Cable. The news comes shortly after reports surfaced that staff at the Department of Justice and Federal Communications Commission oppose the deal, which would vastly increase Comcast's broadband footprint.
According to an announcement from the Department of Justice, the government alleges that from September 2007 through December 2011, Quicken “knowingly submitted, or caused the submission of, claims for hundreds of improperly underwritten FHA-insured loans.”
he latest lender sentiment survey from Fannie Mae shows that mortgage lenders expect they will get a boost in business from the 97% LTV programs at Fannie Mae and Freddie Mac and from the reduction in the cost of mortgage insurance implemented by the Federal Housing Administration.
California pending home sales propelled higher in March, with the Pending Home Sales Index (PHSI)* increasing 16.3 percent from a revised 111.9 in February to 130.2, based on signed contracts. The month-to-month increase was essentially unchanged from the long-run average increase of 16.8 percent observed in the last seven years.
The share of seriously underwater homeowners increased 0.4 percentage points from fourth quarter 2014, and while it is only a slight increase, it marks the first quarterly increase since the second quarter of 2012, the latest RealtyTrac Home Equity and Underwater report for the first quarter said.
We knew it was coming, and now it's here: Google Fi is the tech giant's disruptive move into the wireless telecom market. Like many other Google projects before it, from Glass to Loon, it's both experimental and innovative at the same time.
As we noted earlier this year, today’s the day we begin globally rolling out our mobile-friendly update. We’re boosting the ranking of mobile-friendly pages on mobile search results. Now searchers can more easily find high-quality and relevant results where text is readable without tapping or zooming, tap targets are spaced appropriately, and the page avoids unplayable content or horizontal scrolling.
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