Fidelity National Ups Stake in ServiceLink
Fidelity National Financial has recapitalized ServiceLink Holdings, increasing its ownership in the transaction services company.
Investors Bancorp's 2Q Profit Rises on Loan Growth, Cost Cuts
Investors Bancorp reported higher second-quarter profit on expanded multifamily, commercial real estate and business lending, as well as lower expenses.
People Movers of the Week: July 31
Mortgage professional hiring and new job appointments for the week ending July 31.
Orange County Homebuilding Up 38% in First Half of 2015
The pace of Orange County homebuilding jumped almost 38 percent during the first half of the year, buoyed mainly by construciton of apartments and condos, industry figures show.
Freddie Mac Selects Memphis Bank as Apartment Lender
Magna Bank is one of nine lenders across the country selected to participate in Freddie Mac's Small Balance Loan program for apartments.
Ellie Mae Posts $7.6M Second-Quarter Profit
Ellie Mae reported higher profits in its second-quarter earnings. With net income of $7.6 million, its profits rose 62% from the same period in 2014.
Wells Fargo to Exit Marketing Agreements
Wells Fargo is ending some marketing arrangements with real estate firms and home builders over concerns about regulatory scrutiny.
Does Nova Audit Sound the Death Knell for Bond Loan Programs?
The Department of Housing and Urban Development found recently that a Federal Housing Administration down payment assistance program translated to higher mortgage rates for borrowers.
Down Payment Programs Not a Scam, FHA to Tell Watchdog
The Federal Housing Administration is expected to rebuff a government watchdog report that blasted down payment assistance programs. The report has raised concerns that mortgage lenders would have to indemnify FHA for past loans, and that housing finance agencies would have the programs restructured.
FNF Earnings Up on Increased Revenue and Margins
The title and real estate services portion of Fidelity National Financial Inc. earned $160 million in the second quarter, up from $142 million one year prior because of higher revenue and margins.
Ares Commercial Real Estate Reports Higher 2Q Profit
Ares Commercial Real Estate reported a higher second-quarter profit on growth in principal lending and mortgage banking.
Conforming Mortgage Rates Fall This Week: Freddie Mac
There was a six-basis-point decline in the 30-year fixed-rate mortgage during the week ending July 30, Freddie Mac said in its latest weekly report.
Prospect to End Use of Marketing Services Agreements
Prospect Mortgage will end any activities being undertaken as part of marketing services agreements because of regulatory risk.
S.F. Tenants Groups Fight 'Gotcha' Evictions
After a half century in his Mission District apartment, an eviction notice was the last thing that 87-year-old Guillermo Manzanares expected to get in the mail.
Metro Detroit Home Prices Nearing Prerecession Levels
The metro Detroit real estate market is inching back toward prerecession territory.