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Condo prices drop year over year, led by Florida declines

It’s a tough time to be a condo owner, particularly in Florida, and most especially if you’re trying to sell. That’s the upshot of a new report from Redfin. Condo prices dropped 2.2% year-over-year in May. That’s the second-sharpest decline since the brokerage began tracking condo data in 2012. While the broader housing market has […]

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NCUA HQ (4)

NCUA’s one-member board liquidates two failed credit unions

Frank Gargano Kyle Hauptman, the president of the National Credit Union Administration, voted to liquidate two troubled credit unions, a move that has raised procedural questions since Hauptman alone does not constitute a quorum of the NCUA board.  On Tuesday, the NCUA placed Aldersgate Federal Credit Union — a $10.3-million asset credit union operated by

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Dark Matter offers Empower integration with appraisal portal

Dark Matter Technologies, which operates the Empower loan origination system, has created an integration with the Uniform Collateral Data Portal maintained by the government-sponsored enterprises. This makes the company “an early adopter” in supporting the Uniform Appraisal Dataset 3.6 and the Forms Redesign initiative, a press release said. On June 10, the Mortgage Industry Standards

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