Freddie Mac announced the launch of Loan Quality Advisor, a new online loan tool designed to give lenders an automated way to identify credit, data, and purchase eligibility issues.
Read More »Residential Construction Spending Ticks Up in March
The Census Bureau released Wednesday a report showing a decline in construction spending throughout March. According to Census data, construction spending in March was at a seasonally adjusted annual rate of $856.7 billion, a 1.7 percent drop from February's revised estimate of $871.8 billion. While total spending fell, spending for housing construction inched up. According to the report, residential construction spending was at annual rate of $301.6 billion.
Read More »Refinance Demand Lifts Mortgage Application Volume
The Market Composite Index in the Mortgage Bankers Association's (MBA) weekly applications survey rose 1.8 percent for the week ending April 26.
Read More »Churchill Mortgage Gives Back During National Volunteer Month
Churchill Mortgage, a Tennessee-based leader in conventional and government-backed residential mortgage lending across 26 states, touted its continued commitment to local communities during April, otherwise known as National Volunteer Month.
Read More »Private Mortgage Insurers Post Strong March Figures
Mortgage Insurance Companies of America (MICA) reported a lift in business in March, with dollar volume rising both month-over-month and year-over-year. At the same time, the number of private mortgage insurance applications received by MICA members totaled 43,278 in March, up from 36,793 in February and 32,540 in March 2012. March's application volume was the highest since last October, when MICA members reported receiving 46,045 applications.
Read More »First-Quarter Commercial/Multifamily Originations Up 9% Yearly
First-quarter commercial and multifamily loan originations decreased 36 percent quarter-over-quarter but climbed 9 percent over the same period last year, the Mortgage Bankers Association (MBA) reported. According to MBA, the overall increase in commercial/multifamily lending volume was driven largely by increases in originations for hotel and multifamily properties, which rose 35 percent and 30 percent, respectively. Compared to last quarter, numbers were down, following the traditional seasonal pattern.
Read More »Continental Title Holding Co. Acquires Assured Title Company of Warrenton
Continental Title Holding Co., Inc., an independent title insurance agency with headquarters in St. Louis, announced the acquisition of Assured Title Company of Warrenton, LLC.
Read More »Homeownership Rate Declines to Lowest Level Since 1995
The nation's homeownership rate fell to 65 percent in the first quarter of 2013, according to data from the Census Bureau.
Read More »Case-Shiller Indices Continue Rapid Gains in February
Despite weakness in the Midwest, home prices posted their strongest year-over-year gain in almost seven years in February, according to the Case-Shiller 10- and 20-city Home Price Indexes released Tuesday. Month-over-month, the 10-city index improved 0.4 percent in February, while the 20-city index was up 0.3 percent. On a yearly basis, the 10-city index was up 8.6 percent, and the 20-city index rose 9.3 percent. Economists had forecast the 20-city index would rise slightly to 146.16, essentially unchanged from January.
Read More »Survey: Non-Investors Establishing Presence in Marketplace
In March, investors accounted for 13.3 percent of the market share for non-distressed properties, while current homeowners represented 50 percent of the market.
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