Investor Howard Amster has disclosed beneficial ownership of 9% of Redwood Trust, adding a large new shareholder position to a mortgage-finance company already facing a separate investor’s demand that its board explore a sale. Amster reported beneficial...
Title insurance premium volume climbed sharply in the second quarter as commercial real estate transactions helped lift an industry that also continues to benefit from higher transaction activity than a year ago.The American Land Title Association reported that U.S....
Redfin Corporation has reported a data breach affecting Massachusetts residents, according to a state breach-notification record and a report based on the filing. The incident was reported to the Massachusetts Office of Consumer Affairs and Business Regulation on...
Homeownership affordability has deteriorated to its weakest level in more than two decades, and Federal Reserve Gov. Michael Barr says the problem extends well beyond mortgage rates.In a speech on housing affordability Wednesday, Barr cited the Federal Reserve Bank of...
A proposed accounting change could end a long-running split in how mortgage companies value one of the most important assets on a servicer’s balance sheet.The Financial Accounting Standards Board is proposing that the value of “recapture” be included when companies...
Howard Amster Discloses 9% Stake in Redwood Trust as Sale Pressure Builds
