• Ocwen3.175-0.015 -0.470%
  • Zillow38.79-0.31 -0.79%
  • Trulia47+0 +0%
  • NationStar17.84+0.01 +0.06%
  • CoreLogic45.72-0.12 -0.26%
  • RE/MAX61.9254-0.0246 -0.0397%
  • Fannie Mae2.81+0.01 +0.36%
  • Freddie Mac2.70+0.02 +0.75%
  • Wells Fargo53.79-0.46 -0.85%
  • CitiMortgage70.65-0.75 -1.05%
  • Bank of America24.69-0.33 -1.32%
  • Fidelity National Financial47.34-0.32 -0.67%
  • First American49.40+0.21 +0.43%
  • Black Knight Financial Services43.925+0.225 +0.515%
  • AUDUSD=X0.7942-0.0019 -0.2437%
  • USDJPY=X111.5900-0.3680 -0.3287%
Home | Author Archives: Alison Rich

Cash Making a Comeback

It’s slim pickings in the housing market, and today’s dwindling inventory is prompting higher than normal cash sales. Usually, not many like to invest a lot of cash into real estate, so why the recent change?

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Credit Where It’s Due

The consumer bank card default rate nosedived in a big way, swiping the biggest dip in 12 months this past July. But noteworthy gains notwithstanding, plastic is still far from perfect.

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Out of Their Reach

Mortgage performance is perking up, thanks in large measure to our strengthening economy. But in a paradoxical twist, those same positive headwinds are creating a monetary maelstrom for many homebuyers, who lack the cash to lock a deal.

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Fighting Off Foreclosures

The FHFA’s May Foreclosure Prevention Report details the actions Fannie and Freddie took to put the kibosh on foreclosures. Did they pack the right amount of punch … or are the Enterprises down for the count?

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LenderLive Takes On PHH’s Private Label Ops

"We are excited about the opportunity of adding a significant number of talented mortgage professionals and establishing a new operations center for LenderLive in Jacksonville,” said Rick Seehausen, LenderLive CEO. “The arrangement accelerates our long-stated imperative of driving scale and operating leverage in our private label Mortgage Solutions business.”

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DataQuick: Golden State Defaults Go Up in Third Quarter

Foreclosure proceedings commenced by lenders between July and September in California jumped on a quarterly basis for the first time since early 2009, but the number of homeowners who moved all the way to foreclosure fell from the prior quarter and a year ago. According to MDA DataQuick, some 83,261 notices of default were posted at county recorder offices in Q3, as the movement of mortgage defaults from lower-cost submarkets into pricier enclaves retreated somewhat. The number of homes foreclosed on totaled 45,377.

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Solidifi Taps Former Fidelity and United Guaranty Execs for VP Posts

Mark Critchfield and Tony Laurito have joined property valuation firm Solidifi U.S. in the newly created positions of VP, business development. Critchfield joins Solidifi from Fidelity National Financial, where he was VP and regional sales director for the company's entire line of services. Laurito brings 20-plus years of mortgage production and executive experience to his new position, most recently from an 11-year career with United Guaranty.

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Zillow Appoints Spencer Rascoff CEO

Zillow, Inc., which operates one of the largest portfolios of online and mobile real estate services, has picked Spencer Rascoff as its CEO. Co-founder Rich Barton, who has been the company's CEO since it was founded in 2005, will continue to be actively involved in Zillow as executive chairman of the board. Fellow co-founder Lloyd Frink will transition from president to the new full-time role of chief strategy officer.

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