Now that Obama has won a second term, his administration is charged with leading phase two of the housing recovery.
Read More »Sabal Continues Growth with New Director of Business Development
Sabal Financial Group, L.P. hired Jason Hull as the director of business development to help the company continue seeing growth. Hull will be tasked with developing areas of Sabal's business, such as commercial real estate investments and all types of third party services.
Read More »Servicers Pick Up Pace on Loan Modifications in Q3
In Q3 2012, proprietary modifications stood at 186,057 compared to 161,764 in Q3 2011, representing a 15 percent annual gain.
Read More »a la mode Announces Fee Waiver for Disaster Inspection Reports
Real estate technology provider a la mode, inc. announced that its Mercury Network service will waive all fees related to gathering disaster reports in areas impacted by Hurricane Sandy. According to a company release, in the aftermath of Sandy, orders for disaster inspection reports from lenders increased more than 200 times the normal level.
Read More »CoreLogic: September Posts Largest Annual Price Pickup Since 2006
Home prices in September posted their biggest yearly gain in more than 6 years, but prices also displayed a typical seasonal slowdown and fell month-over-month, according to the Home Price Index (HPI) report from CoreLogic. Including distressed sales, the report showed home prices moved higher by 5 percent from September 2011, the seventh straight month of yearly increases and the biggest annual gain since July 2006. From August to September, prices decreased by 0.3 percent.
Read More »Economists Discuss Electoral Impact of October Jobs Report
Last week's jobs report contained some good news with the bad, but analysts doubt there's enough to influence the presidential election.
Read More »Ocwen Smashes Revenue Records in Q3
After aggressively pursuing opportunities to grow, Ocwen Financial Corporation (Ocwen) reported an increase earnings in the third quarter of 2012. The mortgage servicer reported a net income of $51.4 million, or $0.37 per share in Q3 2012, a sharp increase of more than $30 million from the same quarter a year ago. Revenue soared even higher in Q3, spiking 90 percent from last year to $232.7 million. Ocwen says the figures for revenue and income from operations were record-setting numbers.
Read More »Federal Agencies Unite to Create National Mortgage Database
The mortgage market may be the largest market for consumer finance, but the sector lacks a comprehensive national database, according to the Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB). This is why the federal agencies are coming together to create a national mortgage database.
Read More »FNC Partners with Brazilian Securities Clearinghouse
Cetip, a private asset clearinghouse based in Brazil, will partner with technology provider FNC. Through the partnership, Oxford, Mississippi-based FNC, Inc. will apply its technology solutions to the Brazilian mortgage industry.
Read More »U.S. Central Bridge Closed
The National Credit Union Administration (NCUA) announced the closing of U.S. Central Bridge Corporate Federal Credit Union (U.S. Central Bridge). The closing comes after three years of efforts to stabilize the corporate credit union sector, the agency stated in a release.
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