Mortech, Inc., announced the successful integration of LendingTree's new LoanExplorer product into its suite of marketing and point of sale tools.
Read More »Panelists Forecast 22% Home Value Growth by End of 2017
If projections hold out, home values will rise 22 percent cumulatively by the end of 2017, according to Zillow's first-quarter Home Price Expectations Survey. On average, the panel forecasts price growth of 4.6 percent in 2013 and 4.2 percent in 2014. More moderate growth is expected after that, with annual appreciation rates between 3.6 percent and 3.8 percent for 2015, 2016, and 2017, leading to an average 4.1 percent growth annually for the next five years.
Read More »Builder Confidence Slips to 5-Month Low as Prices Fall
Builder confidence slipped in March to 44, the National Association of Home Builders (NAHB) reported Monday. Economists had expected the Housing Market Index to improve to 47 from February's reading of 46. Tighter inventories had been expected to improve confidence, but builder attitudes have also been weighed down by prices of new single-family homes. With the March report, the total index remained below 50 for the 83rd straight month.
Read More »Realtor.com: Homeowners Eager to Kick Off Selling Season
A new report from Realtor.com shows listing inventories increased by 1.15 percent month-over-month in February, while median list price rose 1.55 percent.
Read More »RE/MAX: Hopeful Trends Continue, Inventory Still a Problem
RE/MAX's latest report shows home sales rose 0.9 percent month-over-month and 2.3 percent year-over-year. The median home price also increased, rising to $160,500--3.5 percent above January and 7.0 percent above February 2012. RE/MAX CEO Margaret Kelly said today's low prices and low interest rates create "an attractive combination that most of us will never see again in our lifetimes." Meanwhile, inventory remains a major concern as the spring selling season dawns.
Read More »Titanium Solutions Closes After 14 Years
A longtime provider of mortgage industry outreach services announced it is closing its doors for good. Titanium Solutions, founded in 1999 and based in South Carolina since 2008, said its services aren't as in-demand as they once were with the market now in recovery.
Read More »Ocwen Names Appointee to Board of Directors
In Georgia, Ocwen Financial Corporation announced that WL Ross & Co.'s chairman and CEO will be joining the Ocwen board of directors. Wilbur L. Ross Jr. has served in numerous roles as principal financial adviser, investor, and director in various companies operating in diverse industries around the world. He currently serves as a director for several publicly traded companies.
Read More »MGIC Mortgage Insurance Available Through LoanSifter
Mortgage Guaranty Insurance Corporation (MGIC) is now offering insurance rates and eligibility to lenders through LoanSifter, the Wisconsin-based mortgage insurer announced.
Read More »PNC Announces Successor to CFO Role
The PNC Financial Services Group, Inc., a diversified financial services organization with headquarters in Pittsburgh, Pennsylvania, announced that Robert Q. Reilly will take over the CFO position following the retirement of current executive Richard J. Johnson.
Read More »DataQuick Launches Portfolio Management Intelligence Suite
DataQuick unveiled its Portfolio Management Intelligence Suite designed to provide configurable solutions to meet clients' specific portfolio requirements.
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