• Ocwen CFO Michael Borque resigns

    Ocwen CFO Michael Borque resigns
    After 4 years, Ocwen Financial Chief Financial Officer Michael Borque is resigning to move on to an unnamed financial services company. Details are scarce, but Borque is Ocwen's second prominent executive to step down in less than two months.
  • Home Prices: Boom Continues, but Leveling Out Needed

    The boom is continuing for home prices, with a gain in March of 6.5 percent, according to the S&P CoreLogic/Case-Shiller Indices.
    The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.), rose 6.5 percent year-over-year, an increase from 6.4 percent in February. The 20-City Composite—which is an averag
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  • $1 Million: What It Buys in the U.S. Housing Market

    One-million dollars is a lot of money to most of the world’s population, but it’s a drop in the bucket to a billionaire. The housing market in the U.S. seems to have a similar relationship with homes valued between $900,000 and $1.1 million: Some of them are sprawling estates, while others are considered middle-of-the-road homes.
    HouseCanary examined homes valued around $1 million in different metropolitan statistical areas (MSAs) across the country to determine what an “averag
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  • Appreciation Today Is Mirroring the Pre-Recession Sprint

    Appreciation currently is at its fastest since June 2006, just ahead of the downturn, according to the April Zillow® Real Estate Market Report.
    Nationally, the median price is $215,600, growing at an 8.7 percent rate year-over-year, according to the Zillow Home Value Index (ZHVI), a gauge of median prices.Before the bubble burst, prices were rising 9 percent year-over-year. In a separate survey by Zillow, experts in housing predicted a recession will start in 2020.
    “Home values are ris
  • Bloomberg report sounds warning on pending mortgage lending crisis

    Bloomberg report sounds warning on pending mortgage lending crisis
    The language may be infuriating for a loan officer to read: referring to mortgage lenders as "small-time bankers" who are "peddling to the poor." But Prashant Gopal’s Bloomberg report states that even the Federal Housing Administration is concerned about rising defaults in its mortgage insurance program.
  • 13 Insider Tips To Take Your Real Estate Game To Another Level - Forbes

    Forbes
    13 Insider Tips To Take Your Real Estate Game To Another Level
    Forbes
    Real estate development and investing isn't just about looking for a good deal from one day to the next. It's also about keeping a close eye on the markets, identifying the relevant market trends and deciding when to make your next move with a subtle ...

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