Income growth and rising home inventory levels helped push house sales up in October compared to last year, marking the first major increase year-to-date, according to a report.
Read More »Consumer Confidence Takes Downward Turn in November
According to the Conference Board, consumers in the latest survey were less optimistic about the labor market outlook, reflected in a decline in the share of respondents expecting more jobs in the next six months and an increase of more than 2 percentage points in the share expecting fewer jobs.
Read More »Freddie Mac’s Growth Rate Hits 20-Month High
October marked the second straight month of growth for the portfolio, which has contracted for seven of 2014's first 10 months. Year-to-date, the portfolio has shrunk at an average annualized rate of 0.8 percent.
Read More »New Home Sales Inch Upward In October
Sales of newly built homes picked up in October, but a downward revision to September shows numbers in that segment of the housing market remain volatile. The Commerce Department reported Wednesday that sales of new single-family houses were at a ...
Read More »Altisource Acquires Online Real Estate Marketplace
One of the oldest and largest marketplaces for self-directed homebuyers and sellers, Owners.com joins real estate auction marketplace Hubzu.com as a platform for Altisource to continue to grow its online presence.
Read More »Consumer, Government Spending Boost Revised Q3 GDP Rate Up to 3.9 Percent
The U.S. economy continued to outperform in the third quarter as consumer and government spending provided a boost to gross domestic product (GDP). According to a second estimate from the Commerce Department, GDP grew at an annualized rate of 3.9 ...
Read More »FHFA Says Conforming Loan Limits Will Not Change for 2015
Conforming loan limits will remain untouched throughout most of the country for 2015, the Federal Housing Finance Agency (FHFA) revealed Monday.
Read More »Economic Forecast Exceeds October Predictions
The continuing improvement comes as consumers express a more optimistic outlook for the economy and their own finances. Last week, the University of Michigan/Thomson Reuters preliminary reading of consumer sentiment hit its highest level in more than seven years, spurred by improving labor conditions and cheaper gasoline prices.
Read More »Solutionstar Names EVP for Servicing Solutions Business
ln a recent company announcement, Nationstar subsidiary Solutionstar named Chad Neel as its EVP of servicing solutions. Both companies are based in Lewisville, Texas.
Read More »Solutionstar Announces Acquisition of Title365
Solutionstar, a subsidiary of Texas-based Nationstar Mortgage Holdings, announced Friday it has entered into an agreement to acquire Experience 1, Inc., the holding company for Title365 and two other technology subsidiaries in a $36 million cash deal.
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