Tag Archives: real estate market news

LPS Stockholders Approve of Merger Acquisition with Fidelity National Financial

(Source: Lender Processing Services, Inc.) – Lender Processing Services, Inc. , a leading provider of integrated technology, services, data and analytics to the mortgage and real estate industries, today announced that its stockholders voted to adopt the previously announced merger agreement providing for the acquisition of LPS by Fidelity National Financial, Inc.  at the Special […]

Census Bureau: Revenue in Most Servicing Sectors Rose in 2012

(Source: U.S. Census Bureau) – The U.S. Census Bureau today released its 2012 Service Annual Survey, which shows a revenue increase in 10 of the nation’s 11 service sectors for employer firms between 2011 and 2012. The utilities sector was the only sector to show a year-to-year decline in revenue, down by $22.7 billion to […]

Congresswoman Waters Demands Investigation of Mortgage Servicers Who Violated HAMP Rules

(Source: Congresswoman Maxine Waters) – Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter on Tuesday to Christy L. Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), calling for an investigation of Bank of America or any other mortgage servicer, who allegedly benefitted by misleading borrowers eligible […]

AIA: Real Estate Market Continues to Improve with Consumer Confidence

(Source: AIA) – As the once struggling residential market continues to steadily improve, the size of homes has grown in response. This is the case for both high-end and custom homes as well as additions to existing homes. In addition, preferences for accessible spaces in homes—such as open-space layouts and single-floor design—also continue to rise.

Connecticut Housing Finance Authority Provides Down Payment and Closing Cost Assistance

(Source: CHFA) – June is National Homeownership Month and while home prices are at historic lows, many first-time buyers struggle to save enough money for an initial down payment, which continues to be the biggest barrier to homeownership.

Housing Providers and Partners Commended by USDA Administrator for Improving Living Conditions for Farmers

(Source: USDA) – USDA Rural Development’s Administrator for Housing and Community Facilities, Tammye Treviño, traveled to Redmond, Oregon, this week to speak to farm worker housing developers, managers, funders and advocates at the 2013 Biennial Farmworker Housing Conference.

HUD Issues Report on Racial and Ethnic Discrimination in Today’s Housing Market

(Source: HUD) – Blatant acts of housing discrimination faced by minority homeseekers continue to decline in the U.S., yet more subtle forms of housing denial stubbornly persist, according to a new summary study released today by the U.S. Department of Housing and Urban Development and the Urban Institute. Housing Discrimination Against Racial and Ethnic Minorities […]

Mortgage Applications Increase Five Percent in Latest MBA Survey

(Source: MBA) – Mortgage applications increased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 7, 2013.  Last week’s results included an adjustment for the Memorial Day holiday.

Department of Housing Preservation and Development Announces Efforts to Secure Supportive Housing Units in NYC

(Source: Department of Housing Preservation and Development) – NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua attended the 13th Annual New York State Supportive Housing Conference today where he announced that later this month, HPD in partnership with the NYC Housing Authority (NYCHA) and NYC Health and Hospital Corporation (HHC), will be issuing […]

Assembly Military and Veterans’ Affairs Committee Requests Extension to Property Tax Deduction Program for Veterans

(Source: Assembly Republican) – The Assembly Military and Veterans’ Affairs Committee advanced bipartisan legislation to extend the eligibility for the veterans’ property tax deduction to residents of continuing care retirement communities. The proposal is sponsored by Assembly Republicans Declan O’Scanlon and Caroline Casagrande.

Ohio Congressman Latta Sends Letter to CFPB Regarding “Rural” Counties and Qualified Mortgage Rule

(Source: Congressman Bob Latta) — Congressman Bob Latta (R-Bowling Green) led a letter, signed by members from the Ohio delegation, to the Consumer Financial Protection Bureau (CFPB) regarding the definition of “rural” counties as it applies to qualified mortgages under the Ability-to-Repay (ATR) rule.

WF Customers to Receive Compensation Under 2011 Agreement with Wells Fargo Financial, Inc

(Source: Wells Fargo) – Wells Fargo & Co.  announced final approval by the Federal Reserve Board of Governors for the company to complete its claims and review processes and compensate Wells Fargo Financial, Inc. customers under the terms of a 2011 agreement.

Housing Scorecard for May Reveals Important Signs for Progress

(Source: HUD) – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the May edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. Data continue to show important progress across many key indicators— as the annual home price increase […]

Memphis-Area Home Sales Increase 6.3% in May

(Source: Memphis Realtors) – Memphis-area home sales for May increased 1.6 percent from a year ago, with 1,473 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 6.3 percent from April. Average sales price year-over-year rose 10.6 percent at $139,779. Inventory was flat with 6,483 units listed […]

Appraisal Institute Supports New Legislation to Help Improve the Home Loan Underwriting Process

(Source: Appraisal Institute) – The nation’s largest professional association of real estate appraisers announced its support today for federal legislation that would improve the mortgage underwriting process by ensuring appraisers are provided relevant property information relating to green and energy-efficient features.

Congressman Chris Van Hollen Speaks on Debt Crisis

(Source: Congressman Chris Van Hollen) – Today Maryland Congressman Chris Van Hollen, Ranking Member of the House Budget Committee, appeared on MSNBC with Martin Bashir to discuss the need to go to budget conference and the debt ceiling. Below is video and a transcript of his interview.

Senator Brown Announces $27 Million Settlement to Aid 19 Cities and Promote Homeownership

(Source: Senator Sherrod Brown) – A settlement announced today will provide $27 million in funding to rebuid communites affected by the housing crisis in 19 cities, including Dayton.  Sen. Sherrod Brown (D-OH) welcomed the news, noting that it will promote home ownership, neighborhood stabilization, AND promote rehabilitation and development in communities of color.

Efforts to Protect Surviving Spouses from Losing Their Home

 (Source: Congresswoman Maxine Waters) — Today, Ranking Member Maxine Waters (D-Calif.), joined U.S. Senator Richard Blumenthal (D-Conn.) and Lois Capps (D-Calif.), in sending a letter to eight executive agencies urging them to protect surviving spouses from foreclosure. This segment of the homeowner population – often women in their later years – faces unique circumstances that […]

NAHB Addresses the Future of the Housing Market and Key Issues the Economy is Facing

(Source: NAHB) – More than 750 builders from across the nation converged on Capitol Hill today for the annual National Association of Home Builders (NAHB) Legislative Conference to urge their lawmakers to support policies that will keep the housing recovery moving forward and increase housing opportunities for all Americans.

Fannie Mae Study Shows That Homeownership is Still a Goal for Many

(Source: Fannie Mae) — Fannie Mae’s Economic & Strategic Research Group today released a new research study that investigates the impact of consumer attitudes toward renting and homeownership on the future of housing in America. Data from Fannie Mae’s National Housing Survey provides insights into whether current renters, particularly younger Americans, aspire to become homeowners […]