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Mercantile and Firstbank Agree to Merge 19 Aug 2013 | 11:21 pm
Mercantile Bank Corporation (Mercantile) and Firstbank Corporation (Firstbank) out of Michigan signed an agreement to combine their operations. The merge is expected to create the third largest Michig...
Report: Prices Slip from June to July; Inventory Situation Improves 19 Aug 2013 | 10:16 pm
Median home prices dipped month-over-month in July, but still experienced a sharp rise from last year, according RE/MAX's latest housing survey covering 52 metropolitan areas. Homes in July sold for a...
FHA Trims Waiting Period for Borrowers Who Experienced Foreclosure 19 Aug 2013 | 08:00 pm
The Federal Housing Administration (FHA) is allowing borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale to reenter the market in as little as 12 months, according to a m...
Upstate New York, Southwest Florida, Bay Area California Lead Recovery 19 Aug 2013 | 06:53 pm
RealtyTrac observed 100 large metro areas across the country for evidence of recovery based on seven indicators, including unemployment rate, the rate of underwater homeowners, the change in foreclosu...
Location, Employment Helping Some Markets See Faster Recovery 17 Aug 2013 | 01:18 am
The positive indicators seen in housing markets across the country are not a mirage but a true recovery, according to RealtyTrac VP Daren Blomquist and a panel of six real estate professionals who spo...
California Broker Receives 10-Year Prison Sentence for Mortgage Fraud 17 Aug 2013 | 12:07 am
In California, a real estate broker out of Elk Grove was sentenced to 10 years in prison for her role in a mortgage fraud scheme that led to more than $5.5 million in losses, the Justice Department an...
Commentary: Summers Time? 16 Aug 2013 | 10:36 pm
With Ben Bernanke set to leave his post as Federal Reserve chairman next January, we could be set for a history-making appointment. Lawrence Summers' appointment would appear to be justified looking s...
Home Prices See Annual, Monthly Gains Across Largest U.S. Counties 16 Aug 2013 | 10:23 pm
DataQuick's July monthly property intelligence report (PIR) reveals a monthly and annual rise in home prices for all 42 counties evaluated. In fact, home prices have hiked an average of over 13 percen...
NXTLoan Names New Director of Sales 16 Aug 2013 | 10:14 pm
NXTLoan | First American Mortgage Trust, a lender specializing in FHA 203(k) loans, hired Rob Philion as director of sales and national sales manager.
Commentary: REO Isn't Dead 16 Aug 2013 | 09:27 pm
Is it possible that we have turned the corner on the nation’s real estate crisis? Some economic indicators seem to be pointing in that direction. Inasmuch as there are tangible measurements, which h...
