As of early 2015, New Jersey-based RedVision says it now performs in-house searches covering 76 percent of the U.S. population, with that number projected to reach 90 percent by year-end.
Read More »Home Prices Edge Up 0.1% in December
The latest price index from FNC Inc. shows the nation's average home price moved up 0.1 percent in December, turning around after a 0.1 percent decline in October and no notable change in November. Home prices fell 0.2 percent through 2014's fourth quarter compared to the third, putting annual growth at about 5 percent compared to 5.2 percent in November and 5.7 percent in October.
Read More »Homebuilder Sentiment Cools in February
The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index fell two points in the association's February reading, coming in at 55 for the month, the group said Tuesday. NAHB Chairman Tom Woods said February's slight decline is "largely attributable to the unusually high snow levels across much of the nation."
Read More »Study: One in Three FHA Borrowers Could Save Money Refinancing
More than one in three homeowners with mortgages backed by the Federal Housing Administration (FHA) could stand to save money by refinancing now that the agency has lowered its annual mortgage insurance premium, according to a study released by the Urban Institute (UI).
Read More »Atlanta Bank Shuts Down in 2015’s Third Closing
Georgia's Department of Banking and Finance took possession of Capitol City Bank & Trust Company on Friday, citing the bank's "unsound condition" as a result of losses on real estate loans. Despite receiving help to shore up its capital, it was unable to recover following the financial crash.
Read More »LenderLive Names SVP of Operations for Settlement Services
LenderLive Network's Settlement Services division has gained a new leader, with longtime mortgage veteran Joe Chappell joining as SVP of operations.
Read More »Many Millennials Opting for Homeownership Over Marriage
When it comes to major life milestones, mortgages come before marriages for a large number of millennials, according to data released Friday. In a recent survey conducted by Redfin, 38 percent of Americans age 18–34 say they either would or have put off a wedding or honeymoon in favor of saving to buy a home.
Read More »Housing Affordability Slips in California in Q4
Thirty-one percent of homebuyers living in the state were able to afford a median-priced existing single-family home last quarter, the California Association of Realtors (C.A.R.) said Thursday. While that was a slight improvement from 30 percent in Q3, it was down from a revised 32 percent in 2013's closing months, the group reported.
Read More »FDIC Releases Help Video for Mortgage Servicing Rules
Federal regulators have released the last video in a series created to help bank employees meet regulatory requirements set by the Consumer Financial Protection Bureau (CFPB).
Read More »NTC Recruits Todd Gomes as National Account Executive
In Florida, Nationwide Title Clearing (NTC) announced the hiring of Todd Gomes as national account executive.
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