News

Pro Teck Valuation Services released on Tuesday January's Home Value Forecast (HVF), a measure of single family residential markets. The company ranked Long Island as the strongest market in the nation, citing its small share of foreclosures as total sales and its comparatively low housing inventory.

In a filing with the Securities and Exchange Commission (SEC) Tuesday, Morgan Stanley revealed it has reached a $1.25 billion agreement in principle with FHFA to resolve pending mortgage-backed securities (MBS)-related litigation. In connection with the settlement, the company announced it is recording a $150 million addition to its fourth-quarter legal reserves.

MountainView Servicing Group is marketing a $2.4 billion Fannie Mae mortgage servicing rights portfolio. According to MountainView, the portfolio is made up of 100 percent first-lien loans with an average loan-to-value ratio of 76 percent and an average FICO score of 765.

As home prices continue to soar year-over-year and commentators draw lines to historical averages, Clear Capital offers one piece of advice to all those waiting to see a national peak anytime soon: Don’t hold your breath. In its latest Home Data Index Market Report, the company says the market won’t reach peak prices again until 2021 at its current rate of growth.

MERSCORP Holdings announced Tuesday the Seventh Circuit of Appeals rendered a favorable decision in a Macon County recording fee case. The court affirmed the dismissal of the lawsuit by the district court, providing another legal win for MERSCORP.

While homeowners are feeling more confident about the prospect of selling their homes, they do harbor concerns regarding the availability of home financing and the low inventory available for their next purchases, according to the Redfin Real-Time Seller Survey released Tuesday.

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."

Michael Tabor has been hired on as a director in Holliday Fenoglio Fowler's (HFF) Tampa, Florida, office, the firm announced Monday.

Search statistics compiled by Trulia show that for every 10-degree drop in temperature, searches on the company's engine increase by 2.6 percent nationally. For warm regions specifically, home searches rise 4.4 percent.

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.