Homesaledirectory.com, a Flagstaff, Ariz.-based home for sale listing website for buyers and sellers, has formed a strategic partnership with RealtyTrac, in which RealtyTrac will power a nationwide foreclosure home search on Homesaledirectory.com. Said Jason Dittberner, president of Homesaledirectory, "Home buyers and investors are searching for the best buying opportunities available and this partnership adds yet another valuable resource." With real estate in a downturn in most markets nationwide, the foreclosure marketplace is one of the few growing areas in real estate. More than 750,000 homes received a foreclosure notice in the third quarter of 2008, up 71% from the third quarter of 2007, according to the RealtyTrac U.S. Foreclosure Market Report. Said Ari Monkarsh, vice president at RealtyTrac, "We look forward to providing Homesaledirectory.com and its customers the most comprehensive foreclosure data available on the Internet."
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The homebuilding giant reported two separate cyber incidents this year, with the most recent breach of its mortgage unit affecting more than 348,000 individuals.
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The move threatens IMBs and outside loan originators who rely on real estate agents for referrals, as the company aims to keep borrowers within its platform.
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Fed Chair Kevin Warsh's much anticipated speech at the Jackson Hole meeting reinforced past comments about reducing communications around forward guidance.
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The ex-CEO got a regulatory OK to officially rally shareholders for his plan, although he's still awaiting a federal judge's decision on a restraining order.
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The deal is backed by recently originated, 30-year fixed-rate mortgages with an average combined loan-to-value ratio of 75.1%, according to Morningstar DBRS.
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Academy Mortgage's deal will cover around 285,000 class members. It's the sixth deal this year by a mortgage firm seeking to squash consumer complaints.
August 28





