Foreclosures | Mortgages | Financing
Franklin American Mortgage Company will pay the United States $70 million to settle allegations brought against the lender by the Department of Justice, which accused Franklin American of violating the False Claims Act by originating substandard Federal Housing Administration loans. …read more
From:: Real Estate Wire
By swheeler@housingwire.com Reading through entries for this contest blows our editorial mind, and we love to discover the myriad ways that companies are adapting their technology to meet real needs. What we don’t love is telling companies that have incredible, amazing, unbelievable solutions that they have missed the deadline to apply. …read more
From:: Real Estate Wire
In a move that will create the largest publicly traded single-family rental home company, American Homes 4 Rent announced Thursday that it will merge with American Residential Properties. The merger will increase American Homes 4 Rent’s total single-family rental portfolio to 47,315 homes. Click the headline to read more. …read more
From:: Real Estate Wire
Celebrity power couple Brad Pitt and Angelina Jolie reduced the asking price of their New Orleans home, slashing the price by $850,000, bringing it to $5.65 million. But this isn’t last the city will see of the couple. …read more
From:: Real Estate Wire
There is less than two weeks until the next Federal Open Markets Committee meeting. And the latest speech from Federal Reserve Chair Janet Yellen hints that a rate hike in December is still likely. …read more
From:: Real Estate Wire
The average 30-year fixed mortgage rate increased again after Treasury yields ticked down 3 basis points after weak manufacturing data. This marks the third consecutive week of declines. …read more
From:: Real Estate Wire
In an exclusive commentary, Graham Fisher & Co.’s Josh Rosner and Glen Corso, the executive director of the Community Mortgage Lenders of America, discuss why now is the right time for comprehensive reform to Fannie Mae and Freddie Mae, and plot a roadmap for the future of the GSEs. …read more
From:: AOL Real Estate
Next year is the year for Millennials to dominate the housing market, at least that’s what realtor.com predicts in its 2016 housing forecast report. In light of this, these five housing markets are expected to be some of the most sought-after areas due to their large numbers of Millennials, strong employment growth and relative affordability. …read more
From:: AOL Real Estate
Freddie Mac announced Wednesday that it completed its eighth Structured Agency Credit Risk Series credit risk-sharing deal of 2015. It also announced plans to offer eight more STACR deals in 2016. …read more
From:: AOL Real Estate