Month: February 2017

After announcing late Monday that it intends to acquire Stearns Lending’s delegated correspondent lending business, Flagstar Bancorp is positioned to grow its already sizable footprint in the mortgage business, FBR & Co. analysts said in a note to clients. …Read More

The Consumer Financial Protection Bureau has ordered mortgage lender Prospect Mortgage to pay a $3.5 million fine for illegal kickbacks to real estate brokers and agents. Source link …Read More

Q. Recently, we have had issues with projects and proposed projects that involve city regulations versus CC&R restrictions. Our board seems to think that the requirements in our CC&Rs are unenforceable if the city has already approved the projects. …Read More

December home sales were up from a shaky November, but they could have been better if not for the inventory shortage. Tthe market for existing-home sales underperformed its potential by 2.2 percent or an estimated 129,000 (SAAR) of sales, an improvement …Read More

Blackstone's Invitation Homes opened slightly higher than its IPO price on Wednesday morning. Source link …Read More