Manufacturing growth slowed from December to January, according to an early February report from the Institute for Supply Management. Meanwhile, permits for future home construction dropped 0.7 percent month-over-month to a seasonally adjusted annual rate of 1.05 million, the Commerce Department said.
Read More »Fannie Mae Reports Reduced Income for Q4, Full Year 2014
Based on its net worth—about $3.7 billion—Fannie Mae said it will pay $1.9 billion in dividends to Treasury, per the terms of the GSEs' amended bailout agreement. As of March, the company will have paid a total of $136.4 billion to taxpayers on the $116.1 billion it drew as a result of the financial meltdown.
Read More »LenderLive Network Appoints EVP of Operations and Client Management
In Colorado, domestic end-to-end mortgage services provider LenderLive Network recently introduced its newest addition: Shana Lakso has joined the company has EVP of operations and client management for its mortgage services units.
Read More »Zillow Completes Acquisition of Trulia
Days after getting the nod from the Federal Trade Commission, Zillow has finally completed its $2.5 billion acquisition of Trulia, the companies announced jointly Tuesday afternoon.
Read More »Freddie Mac Turns Profit for Q4, Full Year 2014 Despite Losses from Derivatives
Freddie Mac's fourth-quarter profit only make up a fraction of what it will pay to the government in March. Per the terms of its bailout agreement, the company will hand $900 million over the Treasury, bringing its total payback to $91.8 billion—nearly $20 billion more than what it was forced to draw to keep from going under.
Read More »Analyst Forecasts Low Homeownership Rates Among Job Fields With Most Growth
A recent study from Freddie Mac turned up some discouraging results to throw some cold water on economists' high hopes: The job fields that are expected to grow most in the coming years happen to have some of the lowest homeownership rates.
Read More »Fed: Household Debt Increases
Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion. Student loan debt—a commonly cited obstacle for recent college graduates interested in owning a home—followed closely, increasing $31 billion to a total of $1.2 trillion.
Read More »Report: DOJ Pushing to Charge Individuals for Roles in Mortgage Meltdown
Attorney General Eric Holder has given U.S. attorneys across the country 90 days to judge whether or not they want to bring cases against specific individuals for their alleged roles in 2008's mortgage crisis, according to reports.
Read More »RedVision Celebrates Huge Growth in Abstracting Coverage
RedVision, an independent provider of real property title data, search examination, and curative-ready solutions to customers nationwide, announced Tuesday that it has expanded its in-house abstracting coverage by 154 percent since 2013—and it's only expected to keep growing. As of ...
Read More »LenderLive Names SVP of Operations for Settlement Services Division
LenderLive Network's Settlement Services division has gained a new leader, with longtime mortgage veteran Joe Chappell joining the company as SVP of operations.
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