REAL ESTATE MARKET NEWS
Iowa AG defends robo-signing settlement
Fri, May 18: Iowa Attorney General Tom Miller defends the $25 billion robo-signing settlement with the five largest mortgage servicers. Miller talked with HousingWire about the settlement in this exclusive video.... More
Silicon Valley housing market gets Facebook bump
Fri, May 18: As Facebook and its social media and tech brethren boom, so, too, does the housing market in Silicon Valley and the San Francisco Bay Area.... More
Bipartisan bill seeks end to REO-to-rental pilot in California
Fri, May 18: Eight Republican and Democratic California congressional members introduced legislation Thursday calling for the Federal Housing Finance Agency to cease its plan to sell Fannie Mae-owned foreclosed homes in California to large investors.... More
Housing markets recover faster in nonjudicial foreclosure states, report says
Fri, May 18: How quickly a local market recovers in terms of home prices and real estate activity may be contingent on whether its located in a judicial or nonjudicial foreclosure state. Nonjudicial foreclosure markets are performing better in terms of price stab... More
Mortgage fraud ringleader sentenced to more than 4 years
Fri, May 18: Nathan Orms was sentenced to 4.5 years in prison for leading a mortgage fraud ring in Ohio. Between 2004 and 2006, roughly the duration of the housing bubble, Orms defrauded lenders of more than $26 million, authorities said.... More
Dearth of affordable rentals cause for concern, housing experts say
Fri, May 18: The housing downturn put rental properties in high demand, but housing advocates say falling incomes and rising rents are cause for concern, especially in the affordable multifamily segment.... More
State, regional job employment improves slightly
Fri, May 18: The Bureau of Labor Statistics reported a slight, but steady ray of improvement for the state and regional job markets in April.... More
House approves broader foreclosure protections for military
Fri, May 18: The U.S. House of Representatives voted 394-27 Friday to approve an amendment widening foreclosure protections for military servicemembers.... More
Former Treasury exec who oversaw AIG restructuring wants practical GSE plan
Fri, May 18: Former AIG restructuring officer lays out a clear plan for the government-sponsored enterprises and pushes for a practical solution. See more in a HousingWire exclusive video.... More
Mortgage Builder buys GCC servicing systems
Fri, May 18: Origination software provider Mortgage Builder expands into the servicing space with the acquisition of GCC Servicing System.... More
