22 February 2017

B. Riley Financial acquiring FBR & Co. in $160 million deal

B. Riley Financial, a financial services firm, announced Wednesday that it is acquiring FBR & Co., an investment banking and brokerage firm, in a deal that values FBR at $160.1 million. “B. Riley Financial and FBR combined will become a clear leader in small cap investment banking and brokerage in the U.S. with 600 names […]

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22 February 2017

Trump’s crackdown on illegal immigration could drop home prices

Trump’s policies cracking down on immigration could mean drastic changes to the housing market once the policies start taking effect. Even legal immigrants are showing more caution when it comes to buying a home, saying they are unsure about their future in the U.S. Source: Housing Wire News

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22 February 2017

Here's the inventory crisis smothering Millennial homebuying

Regardless of whether Millennials want to buy a home or not, there first has to be a home available to purchase. In an interview with HousingWire, Daren Blomquist, senior vice president at ATTOM Data Solutions, identified three key factors keeping housing inventory in a drought, barring entrance for aspiring young homeowners. Source: Housing Wire News

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22 February 2017

BurkeyLoan to offer 120% LTV mortgage that also pays student loans

A mortgage lender announced its new program that allows potential homebuyers to lump in their student loan balance to their mortgage. BurkeyLoan claims the new product will build access to capital for the Millennial generation. Source: Housing Wire News

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22 February 2017

Want to be on the cover of HousingWire Magazine? Here's your chance

Have you ever wanted to be on the cover of a magazine? You get to show off to all your friends, family, and colleagues – many of whom will likely come traipsing into your office and begrudgingly ask for your autograph. Have you ever wanted to the envy of the entire housing industry? Well, here’s […]

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22 February 2017

Texas housing is now hotter than ever

It was another record-setting year for Texas real estate, as home sale and home prices both hit all-time highs – for the second year in a row. According to a new report from the Texas Association of Realtors, there were more homes sold in the Lone Star State in 2016 than in any other year, […]

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22 February 2017

Existing home sales increase to fastest pace in a decade

Existing home sales increased to the highest rate in nearly a decade in January, beating out experts’ expectations. However, the market continues to struggle with dwindling inventory and affordability. Source: Housing Wire News

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22 February 2017

Nationstar revenue increases 45% in Q4

Nationstar finished 2016 with a bang, increasing its revenue by 45% and its net income by nearly 500%. But those aren’t the only increases the company saw during the fourth quarter. Nationstar’s CEO explains what this means for the company in 2017. Source: Housing Wire News

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22 February 2017

MBA: Mortgage applications continue to decline

This week’s mortgage application data looked similar to the previous week’s report as applications fell once again due to a drop in refinance demand. This time around the refinance share of mortgage activity sank even lower, falling to the lowest level since November 2008. Source: Housing Wire News

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21 February 2017

Wells Fargo fires four senior managers over fake account scandal

Wells Fargo announced Tuesday that it fired four senior managers as the fallout continues from the fake account scandal that led to a $185 million fine from the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the city and county of Los Angeles. Source: Housing Wire News

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21 February 2017

Court rejects hedge funds claims in Fannie, Freddie profit sweep

Fresh off handing down a significant ruling in the battle over the constitutionality of the Consumer Financial Protection Bureau, the U.S. Court of Appeals for the District of Columbia Circuit just dealt a sizable body blow to the investors who claimed that the government’s decision to sweep all the profits from Fannie Mae and Freddie […]

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21 February 2017

Home Depot beats earnings estimates as revenue surges to $22B

Home Depot proved there is definitely still demand for home improvement. The company announced on Tuesday that revenue climbed 5.8% to $22.2 billion in the fourth quarter, beating earnings estimates. Source: Housing Wire News

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