Total existing-home sales -- including condominiums and co-operatives -- set the second-highest pace on record in the fourth quarter, rising in 40 states and the District of Columbia from the levels recorded a year earlier, according to the National Association of Realtors.The seasonally adjusted annual resales rate was 7.76 million units in the fourth quarter, up 7.3% from 7.24 million in the fourth quarter of 2003. (The record high of 7.80 million units was set in the second quarter of 2004, the NAR reported.) The biggest year-over-year gains were recorded in Arizona, where the resale rate was up 28.8%; North Carolina, up 25.4%; and Georgia, up 21.7%. The NAR can be found online at http://realtor.org.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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Better's home equity loan product can be originated in a week or less, the company says.
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The top five producers had an average dollar loan volume of more than $140 million in 2023.
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The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22