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December Home Prices Up 11% from 2012

CoreLogic released its Home Price Index (HPI) for December 2013, noting an 11 percent bump since December 2012. Anand Nallathambi, president and CEO of CoreLogic, was optimistic about the future: "After six years of fits and starts, we can now see a clearer path to a durable recovery in single-family residential housing across most of the United States."

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Idaho Bank Goes Down, Makes Third Collapse of 2014

Daily banking business for the residents of Boise, Idaho will continue as usual but under a slightly different banner: Syringa Bank and its six branches were shuttered over the weekend, leading to an FDIC-insured handover to Sunwest Bank from Irvine, California.

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Foreclosure Rate Down to 2.5% at Year-End

According to year-end data from Black Knight Financial Services, 6.47 percent of the nation’s mortgages last year were delinquent, down from a peak of 10.57 percent in January 2010. Meanwhile, about 2.48 percent of loans were in some state of foreclosure—a rate about 4.6 times the pre-crisis average.

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Vectra FS, Valuation Vision Introduce RepairSmart BPO

Vectra Field Services, a provider of pre-foreclosure and REO mortgage field services, and Valuation Vision, a company specializing in alternative valuation products and technology solutions, together announced the launch of RepairSmart BPO, a new property valuation report.

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CFPB Report Highlights Shoddy Servicing Practices in 2013

The Consumer Financial Protection Bureau (CFPB) released a new report detailing a number of servicing practices that “continued to plague consumers throughout 2013.” The report covers supervision work completed between July and October 2013—after its servicing rules were first published but before they actually went into effect.

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Home-Selling Speeds Down in December

Redfin reports the median time on market for homes in its 21-city survey was 35 days in December, up three days from November. The median time on market in December 2012 was 30 days, according to the company.

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