Foreclosures | Mortgages | Financing
It’s been just over a year since Quicken Loans went digital with Rocket Mortgage, the lender’s fully online mortgage. And now that the dust is settled from Rocket Mortgage’s first year of existence, the question is just how much did the digital mortgage drive business for Quicken Loans? The answer depends on your perspective. …read more
From:: Real Estate Wire
The latest mortgage acquisition news comes from Mortgage Connect, a national closing and title settlement service. The company, along with M&G Realty Enterprises, a real estate services investment company, announced that through MCMG Holdings, Mortgage Connect’s subsidiary, they have acquired Urban Lending Solutions Appraisals. …read more
From:: Real Estate Wire
The U.S. Energy Information Administration raised its forecast on crude production for this year and next, according to the agency’s latest Short-term Energy Outlook report released Tuesday. The EIA forecast U.S. crude production at an average 9.21 million barrels per day in 2017, up from the previous forecast of 8.98 million. It sees 2018 output at 9.73 million barrels a day, higher than the previous forecast of 9.53 million. Its crude-price forecasts edged higher for this year, with West Texas Intermediate crude seen at an average $53.49 a barrel and Brent crude at $54.62. April West Texas Intermediate crude was trading at $53.33 a barrel, up 13 cents, or 0.2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Ally Home Loans, which is the newly created direct-to-consumer mortgage arm of Ally Bank, only jumped into mortgages at the end of last year, and it’s already broadening its suite of products. The mortgage company announced it will start offering Fannie Mae’s HomeReady mortgage loan to better cater to first-time homebuyers. …read more
From:: Real Estate Wire
The top Democrat on the House Oversight Committee with meet President Donald Trump on Wednesday to discuss lowering prescription drug prices. Rep. Elijah Cummings of Maryland said in a statement he’s looking forward to discussing Trump’s campaign pledge to stem the rise of drug prices. Trump tweeted Tuesday morning that he is working on a “new system” for competition in the drug industry and that prices “will come way down!”
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Consumers’ faith in the housing market is stronger than it’s ever been before, according to a newly released survey from Fannie Mae. Fannie Mae’s latest Home Purchase Sentiment Index shows that consumer confidence in housing hit an all-time high in February, continuing a climb in confidence that began in January. …read more
From:: Real Estate Wire
Millennials receive much of the focus from the housing market as they are the next generation expected to enter the market, however the much-needed starter homes are currently owned by another generation – Gen X. And for the first time in several years, Gen Xers are beginning to buy their next home, showing the most home buying activity since 2014. …read more
From:: Real Estate Wire
A small bank in Utah has been shut down by regulators. The latest depository failure puts the nation on track to exceed the total for all of last year.
On Friday, the Utah Department of Financial Institutions seized control of Proficio Bank, a 16-year-old organization in Cottonwood Heights.
Proficio’s staff finished 2015 at 75 employees. But by the end of the following year, the bank had dramatically scaled back its payroll to just 11 people.
From:: Financing
Police in London were Tuesday afternoon investigating a “security alert” around the key transportation hub London Bridge, but found the incident “not to be suspicious”. Earlier in the day, police had evacuated the area around the station, with hotels, coffee shops and office buildings in the area on lockdown. A bomb disposal robot was reportedly deployed to carry out a search on an abandoned suspicious vehicle close to the station in the U.K. capital. However, after a few hours the Metropolitan Police gave the all clear. “Thanks for bearing with us during the security alert on London Bridge St. Incident found not to be suspicious. Roads re-opening now,” the Metropolitan Police said in a post to Twitter. National Rail said the station had reopened after the suspension of all train services during the bomb scare. “Train services running to and from this station may be cancelled, delayed or revised. Disruption is expected until the end of the day,” it said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Home prices increased this year, leaving experts at CoreLogic to say the spring home buying season could be the strongest in recent memory. With the progressive economic recovering and dwindling housing inventory, the company forecasts home prices to continue their upward climb into 2018. …read more
From:: Real Estate Wire