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Struggling Real Estate Giant Realogy Strikes Deal With Amazon
Wall Street Journal, July 23, 2019--Katherine Clarke, Laura Kusisto (subscription)Real estate brokerage giant Realogy Holdings launched a new partnership with on Tuesday, a fresh attempt at jumpstarting the property firm's tumbling share price. News of Amazon's partnership with a real estate agency is likely to cause unease in the brokerage industry.
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NY AG Sues Ditech Over Bankruptcy Filing
National Mortgage Professional, July 23, 2019--Phil HallNew York Attorney General Letitia James has filed a brief in the U.S. Bankruptcy Court for the Southern District of New York seeking to prevent the bankruptcy filing by Ditech Holding Corp.
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MGIC Earnings Beat Foreshadows Positive Results for Other MIs
National Mortgage News, July 23, 2019--Brad Finkelstein (subscription)MGIC Investment Corp.'s second-quarter earnings coming in higher than expected can be seen as a positive for the other private mortgage insurers.
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Median Home Price Reaches New High
Marketplace, July 23, 2019--Mitchell HartmanMeanwhile, wages have been rising and mortgage rates have been falling, said Joel Kan at the Mortgage Bankers Association. "That's working to help the affordability challenges in many parts of the country."
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J.D. Power: Quicken Loans and State Farm Could Both Reap Serious Rewards From Unique Mortgage Partnership
HousingWire, July 23, 2019--Ben LaneIt's unclear how many of State Farm's nearly 19,000 agents are licensed loan originators (which they'd need to be to originate a mortgage, whether that's through Quicken Loans or State Farm Bank), but the potential of the relationship with Quicken Loans is massive for all parties involved, according to new analysis of the deal from J.D. Power.
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A Decade of Low Interest Rates Is Changing Everything
Bloomberg, July 23, 2019--Liz McCormickCheap money has transformed the world of borrowers, savers, bankers, money managers and retirees.
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