NAR: Existing-Home Sales Stagnant In March

Lawrence Yun, chief economist for NAR, says the trend is troubling because "there really should be stronger levels of home sales given our population growth."

RealtyTrac: 9.1 Million Homes Still Seriously Underwater In Q1

Although home values have increased more than 12% on average during the past year, there were still about 9.1 million properties "seriously underwater" as of the first quarter, according to RealtyTrac’s U.S. Home Equity & Underwater Report.

Greenwich Estate Sells For Record $120 Million

Copper Beech Farm, a 51-acre property and mansion located on the waterfront in Greenwich, Conn., hit the market last spring with an asking price of $190 million.

AMCs Generally Receptive To Proposed 'Minimum Requirements' Rule

The rule would require all AMCs that operate in states that have supervisory programs to register in those states and to allow those states to have authority over their licensing.

Major Metros Showing 'Early Signs' Of A Housing Bubble

Among the 35 largest metros nationwide, more than half of homes currently listed for sale are considered unaffordable by historical standards, according to a recent report from Zillow.

Mortgage application volume decreased 3.3% during the week ending April 18, compared to the previous week, on an adjusted basis, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage [Read More]

Spring home shoppers apparently remained in hibernation through March, as new home sales dropped 14.5%, compared to February, to reach their lowest level in eight months, according to figures [Read More]

Six important questions you need to ask about your compliance process. Click to download the buyers guide._id1144

From The Orb

Benjamin Lawsky, superintendent of New York's Department of Financial Services, who in February put a hold on Ocwen Financial's bid to acquire mortgage-servicing rights (MSRs) to $39 billion in [Read More]

PERSON OF THE WEEK: Dennis Hardiman is CEO and founder of Embrace Home Loans, a nationwide lender that grew from humble beginnings. MortgageOrb recently interviewed Hardiman to get his [Read More]

Bank of America Corp. will pay $950 million to settle claims brought by mortgage insurer Financial Guaranty Insurance Co. (FGIC) and several groups of investors that the bank's Countrywide [Read More]

BLOG VIEW: I have mixed feelings about reverse mortgages. I think it was around 2010 that I first heard about the reverse mortgage by way of a TV commercial [Read More]

PERSON OF THE WEEK: J.P. Kelly is president of loan origination system (LOS) and pricing engine provider OpenClose. MortgageOrb recently interviewed Kelly to learn more about the changes and [Read More]

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