BankersLab announced the launch of another gamified mobile learning app designed to help collections and risk managers stay on top of the latest industry best practices.
Read More »Fitch: Shortage of Developed Lots Threatens to Hinder Recovery
The housing recovery may be fast approaching a wall as well-located finished building lots become scarce, Fitch Ratings says in a recent analysis.
Read More »February Case-Shiller Indices Post Strongest Gain Since 2006
Home prices posted their strongest yearly gain in almost seven years in January, according to the Case-Shiller 10- and 20-city Home Price Indices released Tuesday. Home prices rose year-over-year in all 20 of the cities in the Case-Shiller survey. Prices rose in nine cities in January over December while falling in eight. Prices were unchanged in the remaining three. December data were revised, showing prices rose month-over-month in 10 cities compared with nine in the original report. The report showed a steady improvement in prices in the West.
Read More »LPS: Average Home Price Up to $208K in January
In January, national home prices averaged $208,000, up 0.3 percent from December and 6.7 percent year-over-year. However, prices were still 21.4 percent below their June 2006 peak. Among metro areas, Atlanta experienced the biggest monthly increase at 1.7 percent, while Phoenix followed with a 1.2 percent gain. Three other metros in the top five were San Jose (+1.2 percent); Hilton Head, South Carolina (1.1 percent); and Baltimore (1.1 percent).
Read More »MortgageAuction Delivers $10K in Average Savings for Loan Shoppers
MortgageAuction, launched in November 2012, offers online auctions to match mortgage borrowers with the lowest mortgage rates and fees from competing lenders.
Read More »360 Mortgage Group Announces New Wholesale Account Executives
360 Mortgage Group, a privately owned mortgage banker based in Austin, Texas, announced the hiring of Kim Bessette and Jennifer Warthen. The two new wholesale account executives will focus their efforts on supporting the mortgage broker communities in Florida and California, respectively.
Read More »Wells Fargo Ranked Top Originator for Commercial/Multifamily Mortgages
Wells Fargo has another jewel to add to its crown: The Mortgage Bankers Association (MBA) ranked the bank as the top commercial/multifamily mortgage originator for 2012. Among other categories: Bank of America Merrill Lynch was the top originator for commercial bank loans, while Red Mortgage Capital, LLC was No. 1 for loans guaranteed by Ginnie Mae or the Federal Housing Administration. Cohen Financial was the top originator for specialty finance.
Read More »Veros Releases Price Forecast, Predicts Appreciation in 75% of Markets
Veros' future home price index (HPI) forecast projects significant strengthening and improvement across most markets.
Read More »WCS Lending Appoints Head of Affinity Relations
WCS Lending, a privately held mortgage bank headquartered in Boca Raton, Florida, named Ivan Choi as head of affinity relations--a position created with him in mind.
Read More »Commentary: Headlines and Bottom Lines
One of the most interesting results of poring through economic data reports is that the details often tell a different story than the headline. Coverage of the recent report on housing permits and starts, for example, was dominated by the increases in both metrics, suggesting a revival of the housing sector, a response some analysts suggested is due to tight inventories of existing-single family homes on the market. However, a closer look revealed a more important phenomenon.
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