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Author Archives: Esther Cho

Publications Honor ULS for Employment Growth

Urban Lending Solutions (ULS) is among the nations top job creators, according to Inc. magazine, which recognized the company with its Hire Power Awards. Boulder Daily Camera also ranked ULS No. 14 on its list of the largest full-time employers in the private sector in Broomfield/Boulder counties.

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Report Examines Effect of Consumer Expectations on Price Recovery

A recently released Home Value Forecast from Pro Teck and Collateral Analytics posits that consumer expectations of price trends can actually keep them going and even add to their momentum. Pro Teck CEO Tom O'Grady says that as home buyers perceive prices are rising or falling, they behave in a way that actually encourages the trend. For example, rising prices "also increase net worth and encourage those buyers who have been sitting on the fence to purchase," increasing turnover rates and reinforcing more price gains.

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Global DMS Appoints New COO

Global DMS, a provider of Web-based compliant valuation management software, selected Patricia Rauch for a newly created role. Rauch wears the title of COO and will be responsible for overseeing the daily operations and management of the company, including system development, client services, finance, sales and marketing.

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Clear Title Services Celebrates 5 Years of Growth

After forming during the housing downturn in 2007, Clear Title Agency decided to focus on generating revenue from REOs and foreclosures by handling title and escrow duties for banks. Through this strategy, Arizona-based Clear Title stated it has experienced 200 percent annual growth after five years in business.

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FHFA Reports Modest Price Growth in September

The Federal Housing Finance Agency's monthly Home Price Index showed prices continued to inch up in September, climbing 0.2 percent from the prior month. September marks the eighth consecutive month in which prices have increased. However, even with consistent price gains, "a number of factors continue to affect the recovery in home prices such as stagnant income growth, high unemployment levels, lingering uncertainty about the macroeconomy, and the large number of homes in the foreclosure pipeline."

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Mortgage Fraud Falls in Q3, Remains Concentrated in Some Areas

Fraud

Interthinx's mortgage fraud index dropped to 137 in the third quarter of this year, down 7.7 percent from the previous quarter and 4.5 percent from the same quarter a year ago. Two states--California and Florida--accounted for more than half of the very high risk metros. The number of metro areas considered "very high risk" increased by one in Florida, bringing the state to 17, while California's total stayed flat at 19. Merced, California, led as the riskiest metro, and the state held six out of the top 10 metros most at-risk for fraud.

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Fannie Mae Revises Forecast in Light of Positive Developments

According to Fannie Mae, the fundamentals are set in place for a solid housing recovery. The GSE revised its housing forecast for this year and the next to reflect changes made in the housing market, including low interest rates, rising prices, and a healing labor market. Analysts for the company also note that there is an upside risk to their forecast, as "pent-up demand amid stronger household formation may result in stronger housing activity next year" than what's expected.

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