Mortgage originations are expected to decrease by 30 percent in 2014, due to a decline in refinance activity, according to estimates from CoreLogic.
Read More »Residential AD&C Loan Volume Tight But Expanding
Outstanding residential acquisition, development, and construction loan volume expanded 4.7 percent in the second quarter of 2015. The National Association of Home Builders found that AD&C loans grew for the ninth consecutive quarter, but availability of these loans remains tight, hindering home construction.
Read More »International Homebuyers Move into U.S. Real Estate Markets
A recent Corelogic report found that foreign buyers are pulling back from the U.S. housing market, but this trend doesn't seem to be influencing Texas markets, where international homebuying activity is gaining momentum.
Read More »U.S. Banks Post Record Earnings in Q2
U.S. banking institutions that are insured by the Federal Deposit Insurance Corp. (FDIC) earned an aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion from a year ago, the FDIC announced in their Quarterly Banking Profile released Wednesday. The $43.0 billion second quarter profits, the highest quarterly income on record, was mostly driven by a $3.6 billion rise in net operating revenue, the FDIC said.
Read More »Home Prices Rise 6.9 Percent in July
Low mortgage rates and stronger consumer confidence are driving home sales and home prices upward, according to CoreLogic's July 2015 Home Price Index Report.
Read More »Mortgage Credit Access Tightens Up in Q1
Getting a mortgage has been progressively getting easier since 2012, however the first few months of this year indicate that credit is tightening and obtaining a mortgage is no easier than it was a year ago.
Read More »Mortgage Fraud Risk Is Lowered by Operational Enhancements, Fitch Reports
Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation, according to a Fitch Ratings report released Tuesday.
Read More »Aspen Grove Solutions Partners With MB Field Services
Aspen Grove Solutions (AGS), a provider of property centric technology solutions to the financial and mortgage services industry, has announced its partnership with Atlanta-based MB Field Services (MBFS), a national property preservation and inspection company to their list of clients.
Read More »RedVision Completes SOC 2 Security Control Standards Exam
RedVision has successfully completed a comprehensive Service Organization Controls 2 (SOC 2) Type 1 standards of control examination, according to an announcement from the company.
Read More »HUD & FHA Urge Homebuyers to Inspect Homes Before Purchasing
HUD and the Federal Housing Administration are urging homebuyers to have their homes inspected prior to purchasing to avoid unanticipated issues.
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