Housing News

How can mortgage fraud increase, decrease at the same time?

According to CoreLogic, the improving market plays a major role in mortgage fraud, as it improves and declines simultaneously.

Bank of America found liable for Countrywide’s $850M in fraud

When Bank of America acquired Countrywide in 2008, they also acquired their problems. And fraud.

Mortgage application volume falls slightly

Although the average contract interest rate fell for many types of loans, mortgage application volume fell - the MBA points out that Columbus Day may have had an impact on the data.

Agents fume over Nationstar’s relationship with Auction.com

(AGENT/GENIUS) - As Nationstar's new acquisitions take effect, many are raising their eyebrows at the widespread implications on the market.

Home sales’ slight, but expected hiccup

Existing home sales fell slightly for the month but remain higher than last year and various housing stats are improving despite the expected hiccup.

Bank of America employee accused of taking $1M in bribes to rig short sales

One Bank of America employee has been charged with a scheme that put over $1 million in his pocket.

National housing market cooling down, could benefit overheated markets

As the housing market cools down, Zillow notes that some markets are on the brink of a bubble and could benefit from a slow down.

Home flipping takes a nosedive, yet profits skyrocket

Although political uncertainty continues to impact housing in various ways, home flipping is on the decline, despite profits being higher nationally.