News

The U.S. has settled a civil mortgage lawsuit against Golden First Mortgage Corp. that accused the mortgage company and its owner, David Movtady, of defrauding a government mortgage program, according to an announcement from U.S. Attorney for the Southern District of New York Preet Bharara.

Fannie Mae's gross mortgage portfolio took a huge downward turn in November, while the mortgage giant's Book of Business inched upward, according to Fannie Mae's November 2014 Monthly Summary released earlier this week. The balance of the gross mortgage portfolio dropped from $4.36 billion in October down to $4.24 billion in November, marking the 52nd time in the last 53 months Fannie Mae's portfolio declined month-over-month.

As the new year rolls in, DS News is taking a look back at some of the biggest REO headlines and stories of 2014

California-based real estate software applications provider RES.NET has added customized technology services to its suite of products, according to an announcement from the company.

Improvements in economic fundamentals, notably employment growth among millennials, will fuel significant increases in home sales and housing starts and a modest rise in home prices in 2015, according to CoreLogic's 2015 Housing Outlook released earlier this week. Sam Khater, deputy chief economist for CoreLogic, predicted an increase of 9 percent in home sales and a 14 percent spike in housing starts for the coming year in the report.

An online petition calling for the end of the Federal Housing Finance Agency's conservatorship of Fannie Mae and Freddie Mac has been posted to the White House's "We the People" Web page.

Matt Martin Real Estate Management (MMREM), a diversified real estate services firm headquartered in North Texas, announced it has executed a definitive agreement to acquire online real estate auction company RealtyBid.com.

Just before Christmas, President Barack Obama signed into law H.B. 5771, known as the Tax Increase Prevention Act of 2014, which retroactively extended 55 tax provisions – including one that provides distressed homeowners relief on forgiven mortgage debt. The bill ...

As the new year rolls in, DS News is taking a look back at some of the biggest government headlines and stories of 2014.

The Conference Board's Consumer Confidence Index increased to 92.6 in December from its November reading of 91.0, according to the latest monthly Consumer Confidence Survey released Tuesday.