Cokesbury Real Estate News
Tuesday Apr 7 | via SNL Financial
Home prices in the U.S., including distressed sales, increased 5.6% year over year in February, representing three years of consecutive year-over-year increases in home prices nationally, CoreLogic said April 7, citing data from its home price index. "This is the hottest home price appreciation prior to the spring selling season in nine years," said Anand Nallathambi, president and CEO of CoreLogic. Comment?
Tuesday Apr 7 | via The Moultrie News
Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent lending, has expanded its footprint in South Carolina with a new retail branch at 1156 Bowman Road, Suite 212, Mt. Comment?
Sunday Apr 5 | via The Union Daily Times
A regional authority that serves a four county area that includes Union County will use a $5.6 million award to demolish and green blighted residential properties in those counties. The Catawba Regional Council of Governments announced Thursday the award of $5.6 million of competitive funding from the South Carolina Housing Finance and Development Authority's "Neighborhood Initiative Program" . Comment?
Mar 4, 2015 | via Business Wire
A detailed list of rating actions follows at the end of this press release. The affirmations reflect the concentrated nature of the pool and the amount of defeased collateral. Comment?
Feb 28, 2015 | via Newberry Observer
South Carolina State Housing will be the topic of discussion this week. Clayton Ingram, director, Marketing and Communication, will focus attention on Housing Opportunities for buying or assistance keeping a home; programs to create opportunities to buy affordable housing, and SC HELP, the foreclosure prevention program. Comment?
Saturday | via Blown Mortgage Blog
All eligible closing costs related to a HECM loan can be paid from the final loan proceeds at closing. Paying for the closing costs by financing them into your loan is a suitable option if you do not wish to pay from out of your own pocket. Comment?
17 min ago | via Seeking Alpha
Impac Mortgage Holdings stock is having one heck of a performance. With a current share price of $19.20, it is up 223% over the last year, 210% year-to-date, up nearly 100% since Seeking Alpha Contributor David Sims' IMH article barely a month ago, and even up 33% on Friday alone following a jaw-dropping earnings report. Comment?
22 min ago | via The New Yorker
Few phrases are duller than "corporate restructuring." So you can be forgiven if your eyes glazed over when, two weeks ago, Jeff Immelt, G.E.'s C.E.O., announced that the company was going to sell off most of G.E. Capital, its financial-services arm, and concentrate on the company's industrial businesses . Comment?
25 min ago | via Housing Wire
Monday Morning Cup of Coffee takes a look at news coming across HousingWire's weekend desk, with more coverage to come on bigger issues. An insider brings us a candid perspective perspective on the American Mortgage Conference in Raleigh, North Carolina last week, and this source doesn't mince words. Comment?
59 min ago | via Automotive News
There's been a lot of hand-wringing in the press and financial circles lately that subprime automotive lending may have rebounded too fast or too far in recent years. And while it's natural that all of us should remember key lessons from the 2008 financial crisis, today's conditions in automotive subprime bear virtually no resemblance to the mortgage issues that precipitated that fateful bubble. Comment?
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