Department of justice

Zillow Shows Living Near a Natural Food Store Can Increase Your Home Appreciation

Today’s News Synopsis: Zillow’s latest report showed your home could appreciate better if you live near a natural food store such as Whole Foods or Trader Joe’s.  Mortgage credit risk increased in the first quarter by 3. points to 105.6 according to CoreLogic.  Real estate transactions involving commercial properties decreased drastically in the first quarter …

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ATTOM Data Solutions Reports Home Flipping at Highest in Nine Years

Today’s News Synopsis: According to ATTOM Data Solutions, the first quarter of this year saw 43,615 single-family homes and condos flipped, up to their highest in their 9 years.  The architecture of Frank Lloyd Wright continues to have an influence on home design today, even 150 years after he was born.  Mortgage rates decreased again …

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Home Prices Across the Nation Rise, While LA Prices Rise Even Above National Rate

Today’s News Synopsis: Home prices across the nation increased greatly 6.2% in August, while Los Angeles prices increased 5.1% in July to prices above even the national rate.  The sales of apartments in Manhattan decreased 20% from last year.  The FHFA is announcing via email a one-time offer for Principal Reduction Modification by the GSEs …

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Texas Supreme Court Rules in Favor of Ocwen Over Lien Settlement

Today’s News Synopsis: The National Association of Realtors reported existing-home sales increased last month by 1.7% to 5.45 million.  A fine dealt to Bank of America totalling $1.27 billion over fraud was overturned by the United States Court of Appeals for the Second Circuit.  At the same time, the Supreme Court of Texas ruled in …

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A New Progress Report on the CFPB To Be Released

Today’s News Synopsis:   Despite 30-year mortgage rates being at their lowest in years, this may change with the potential increase in interest rates.  A progress report on the CFPB was just provided by the University of Utah that showed a positive take on the bureau and what they had accomplished since their inception.  Homes …

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More People Choosing to Stay In their Distressed Properties Rather Than File Foreclosure

Today’s News Synopsis:   Freddie Mac reported a decrease in mortgage repurchases by 95% since their peak in 2010.  87% of metropolitan areas saw an increase in home prices in the first quarter.  More and more people with distressed properties are choosing to keep their homes rather than file foreclosure.   In The News: DS …

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Wells Fargo Required to Pay $1.2 Billion In the Largest Settlement in FHA History

Today’s News Synopsis:   Wells Fargo is required to pay $1.2 billion, the largest settlement in the history of the FHA, to cover the costs of bad loans that went undisclosed.  Another bank, Goldman Sachs, is also required to pay to cover the cost of toxic mortgage bonds in a $5 billion settlement.  The Mortgage …

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More Areas in Midwest Seeing Declines in Home Inventory

Today’s News Synopsis:   California just announced an increase in income limits for consumers wishing to be eligible to purchase a home.  More areas in the Midwest, including Indiana, Nebraska, and Michigan are seeing declines in home inventory.  Negative equity is still an issue for lower-priced homes.   In The News: NAHB – “Construction Industry Groups …

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Judge Tosses Lawsuit that DOJ and HUD Faced By Quicken Loans

  Today’s News Synopsis: Zillow reported the value of residential homes in America totaled $28.5 trillion at the end of 2015.  The latest Home Price Index by Black Knight Financial Services showed home prices are continuing to increase, having increased 0.2% last October.  A federal judge just tossed a lawsuit that the Department of Justice …

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