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Author Archives: Xhevrije West

Xhevrije West is a writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University.

Index Finds that Nine Cities Report Faster Home Price Increase for April

Home prices have continued to rise across the country in April 2015 and for the last 12 months at a moderate pace, according to the results from the S&P/Case-Shiller Home Price Indices released today. The Case Shiller Index, which covers all nine U.S. census divisions, posted a 4.2 percent annual increase in April 2015, compared to a slightly higher 4.3 percent increase in March 2015.

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NetDirector Expands its Footprint into Loan Origination

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NetDirector, a provider of cloud-based data and document exchange services for the mortgage banking industry, recently signed an agreement with enterprise lending solutions provider, Mortgage Machine Services, to enable them to comply with the upcoming TILA-RESPA Integrated Disclosure (TRID) requirements, according to a recent press release.

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Data Reveals Stabilization Among Mortgage Fraud Risk

Interthinx, Inc., a subsidiary of First American Financial Corporation and a leading provider of comprehensive risk mitigation solutions for the financial services industry, has released its annual interactive Mortgage Fraud Risk Report, which includes data collected in 2014 from loan applications processed by the Interthinx FraudGUARD system. The report found that the 2014 Annual Mortgage Fraud Risk Index value decreased by 4 percent from 2013 to 100.

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Washington Leads Home Prices Gains, While Arkansas has Lowest Gains

Black Knight Financial Services, a provider of integrated technology, data, and analytics solutions that facilitate and automate many of the business processes across the mortgage life cycle Data & Analytics division released its Home Price Index (HPI) today finding that U.S. home prices were up 1 percent for the month of April, rising 4.9 percent on a year-over-year basis.

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GSEs Post Positive Net Income for the First Quarter

Freddie Mac, Fannie Mae, and the FHLBanks experienced a substantial increase in their net income for the first quarter. The Federal Housing Finance Agency (FHFA) released the Quarterly Performance Report of the Housing GSEs today analyzing the first quarter earnings and other contributing factors that boosted these GSEs’ incomes.

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Mortgage Originations Climb for First Quarter of 2015

Mortgage originations have seen tremendous growth this year, according to Equifax's National Consumer Credit Trends Report. The report found that mortgage origination balances reached $466 billion in the first quarter, a 74.4 percent increase from the same time a year ago. First mortgages increased 79.9 percent compared to the first quarter of 2014 to $430 billion, leading this growth spurt. Meanwhile, originations of home equity lines of credit (HELOCs) increased 30 percent to $30.9 billion and new home equity installment loans climbed 13.6 percent to $5 billion.

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Report Finds Supply & Demand Growth is Driving Housing Market to New Highs

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Healthy demand and 4 percent month-over-month growth in supply are pushing housing markets to their best position since 2006, maintaining their springtime momentum and increasing sales in June 2015, according to Realtor.com’s ‘Advance Read on June Trends’ released today. Realtor.com also listed markets that receive double or triple the amount of views per listing on the site compared to national average.

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Existing-Home Sales Turnovers Fall Short of ‘Normal’ Rates

The Mortgage Bankers Association (MBA) recently released a chart that highlights the existing-home sales in a historical context. The graph reveals that the rate of housing turnovers, while improving, are not up to ‘normal’ rates. The MBA graph shows that housing markets are recovering, but are still weak. The turnover rate rests slightly above 7 percent currently in the second quarter, an amount that falls short of a ‘normal’ rate of 7.5 percent, but still surpasses the recent low of 4.8 percent from the third quarter of 2010.

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