Based on data collected for this month, Auction.com predicts existing-home sales will fall between seasonally adjusted annual averages of 4.97 and 5.38 million units, with a targeted prediction of 5.19 million. October's sales rate comes just above September's rate of 5.10 million (as predicted by Auction.com).
Read More »Report: Consumer Confidence Recovers in October
At the moment, Americans' view of business conditions are mixed, with increases in both the number saying the business environment is currently good and those saying conditions are bad. On the jobs front, attitudes are slightly more positive: The share of consumers saying jobs are plentiful ticked up to 16.5 percent, while those saying jobs are hard to get fell marginally to 29.1 percent.
Read More »GDP Growth Slows Down But Still Beats Predictions for Q3
The nation's economy continued to grow at a brisk clip in the third quarter, slowing down from the prior period but still beating forecasts.
Read More »Freddie Mac’s Portfolio Sees September Increase
Freddie Mac's mortgage portfolio grew in September, marking the second month of positive growth in the year's first nine months.
Read More »SWBC Launches New Lending Services Provider
San Antonio-based diversified financial services firm SWBC announced the launch of SWBC Lending Solutions, a new provider of end-to-end offerings for the financial services industry.
Read More »Freddie Mac: Housing Market Loses Ground
Of the four indicators tracked, only the employment gauge was in a stable spot, falling half a percent to 92.9 as the economy continues to show strong job growth. Among the other three, payment-to-income ratios and mortgage delinquency improved over the month, climbing to readings of 69.3 and 66.4, respectively.
Read More »Optimism Among Home Sellers Declines in Q3
The number of homeowners optimistic about selling their homes dropped in the third quarter, interrupting a streak of rising confidence as the housing market shifted out of their favor.
Read More »Index Points to Moderate Economic Growth For Remainder of 2014
A gauge of leading economic indicators in the United States showed solid growth in September, suggesting moderate economic expansion to finish out the year.
Read More »Wingspan Receives Capital Infusion, Names New President
Wingspan Portfolio Advisors, a diversified mortgage services firm headquartered in Dallas, has a new president following a multi-million dollar capital infusion from its stockholder investor group.
Read More »New York Regulator Accuses Servicer of Sending Backdated Foreclosure Notices
In a letter released earlier this week, Benjamin Lawsky, superintendent of financial services for New York, said an investigation of Ocwen's mortgage servicing practices turned up more than 7,000 letters sent to borrowers that had been backdated and sent only after their payment deadlines had passed.
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