Mr. Cooper Group has priced the issuance of $750 million in debt to refinance outstanding mortgage servicing rights (MSR) facilities, an announcement that comes only four days after making public its billion-dollar acquisition of Flagstar Bank‘s servicing assets. On Monday, the mortgage lender and servicer said that its debt offering…
Continue reading →Another month, another all-time high for home prices. The S&P CoreLogic Case-Shiller Home Price Index for May jumped by 5.9% year over year, the third month in a row that the index has posted a new record. While the pace of annualized growth dropped slightly compared to April, the year-to-date…
Continue reading →Things are ramping up in the legal battle between Move Inc. (the parent company of Realtor.com), CoStar Group (the parent of Realtor.com rival Homes.com), and James Kaminsky, a former Realtor.com employee who now works for Homes.com. A U.S. district court in Los Angeles has granted CoStar’s ex parte motion for…
Continue reading →At the new Homes.com, we always present the listing agent and only the listing agent on any home for sale on our site. Our philosophy is that the leads on an agent’s listings are theirs and clearly not anyone else’s to pilfer and sell. This is not a new principle…
Continue reading →For the millions of Americans looking to purchase their first home, housing affordability remains a difficult hurdle to overcome. Home prices rose 6.3% in April, compared to the same month a year ago, and are 47% higher than just four years ago. We all know lack of supply and regulatory…
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