Home >> News >> Data (page 552)

Data

Housing Starts Decline in November Even as Builder Confidence Rises

Despite a continuing surge in builder confidence, housing starts dropped 3.0 percent in November to 861,000, the Census Bureau and Department of Housing and Urban Development (HUD) reported jointly Wednesday. Single-family starts dropped 4.1 percent in November, accounting for most of the drop in total starts. Activity was unaffected by superstorm Sandy, which hit the Northeast at the end of October, as most of the drop in single-family starts came in the West and Midwest.

Read More »

Freddie Mac CFO to Retire in 2013

Freddie Mac CFO Ross J. Kari is making plans to retire in the second half of 2013, the GSE announced. While Kari has not yet selected an official date to depart from Freddie Mac, he informed the company he intends to retire in the latter half of the year following his 55th birthday.

Read More »

Refinance Share Slips in November as Purchase Loans Climb

Purchase originations gained a bit more ground on refinances in November, according to Ellie Mae's latest Origination Insight Report. According to the findings, refinance originations pulled back slightly to represent 68 percent of loans closed, down from 69 percent in the October report. Meanwhile, the share of purchase loans increased to 32 percent from 31 percent previously. Though refinances are slowly losing ground, refinance share remains well above its May level, when refinance and purchase shares were fairly equal.

Read More »

RES.NET Expands Platform to Serve Traditional Real Estate Market

RES.NET is expanding beyond the world of defaults and into the realm of traditional real estate, the company announced. Originally introduced in 2004 as a technology solution for the default space, the California-based firm has evolved its platform to enhance retail (or traditional) real estate transactions.

Read More »

Economists Project Slower Pace for Florida’s Housing Recovery

In the Sunshine State, economists have revealed projections for 2013, and their outlook presents a positive, if somewhat sluggish, forecast for the region's housing market. According to experts from Florida Realtors and Fannie Mae, upward trends are set to continue in Florida, while the state's pace of recovery is expected to fall behind the national average.

Read More »

Fannie Mae: Economic Growth to Slow, Housing to Strengthen

After rising economic growth in the third quarter, overall economic growth is expected to decline this quarter and in early 2013, according to Fannie Mae. However, the GSE anticipates further strengthening in the housing market. Economists anticipate economic growth of less than 2 percent for the first half of 2013 followed by more accelerated growth for the remainder of the year. However, while the overall economy remains dismal, Fannie's economists finds a bright spot in the housing market.

Read More »

Carrington Welcomes New EVP for Investment Banking

New

Carrington Holding Company, LLC, based in Santa Ana, California, announced the hiring of well-known banking industry veteran Christopher Whalen to head the company's investment banking operations. Whalen's title will be EVP and managing director for Carrington Investment Services.

Read More »

Prudential Announces Replacement for Retiring President

New

Prudential Mortgage Capital Company announced David Durning will replace the outgoing David Twardock as company president in 2013. Durning is currently senior managing director and head of originations for the firm. He joined Prudential in 1988 as an investment analyst and has stayed with the company ever since.

Read More »

RE/MAX: Dwindling Inventory Boosts November Prices, Stunts Sales

Even as the market heads into its slow season, sales numbers continued to stand well above their year-ago level in November, according to RE/MAX's latest National Housing Report. The report shows home sales were up 15.7 percent year-over-year in November, the second highest annual increase this year. Prices also rose: The median price for homes sold in November was $163,750, 3.6 percent higher than October and 6.9 percent higher than November 2011. November is the 10th straight month to experience year-over-year price gains.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.