With mere hours to go before major regulatory changes sweep the industry, servicers might be wise in taking one more look at how the new rules will affect them and what they can do to stay ahead.
Read More »Churchill Mortgage Builds on West Coast Presence with California Office
Churchill Mortgage's West Coast presence continues to expand with the opening of a new office in Orange, California, the company announced.
Read More »More Than One-Third of Metros Performing 90% of Pre-Crisis Levels
More than 35 percent of the more than 350 metro markets tracked in the NAHB's Leading Markets Index are performing at 90 percent or higher of their pre-housing crisis norms.
Read More »MBA Hires Director for Education Sales
The Mortgage Bankers Association's (MBA) sales team has added Barbara Hanson as director of education sales, the group announced.
Read More »Small Servicers Feeling Heat from New Rules
While most larger servicing shops have made a great deal of progress ahead of Friday's new industry regulations, a report from Fitch finds smaller companies still have a number of challenges to meet. Fitch acknowledges that many independent and non-bank servicers have adapted to the technological advances made in the industry, but compliance with the new rules will mean more recordkeeping and infrastructure improvements that could mean higher costs for these smaller firms.
Read More »Mortgage Applications Fall as Rates Rise
Mortgage applications declined at the end of the year, but Capital Economics expects applications to rise this year as both the housing market and broader economy continue to improve.
Read More »Matt Martin Real Estate Management Appoints COO
In the Dallas area, Matt Martin Real Estate Management LLC (MMREM) welcomed Jo Ann Kruse as COO of MMREM and its subsidiaries.
Read More »Connecticut-Based Mortgage Team Joins Prospect Mortgage
Prospect Mortgage announced its acquisition of the Diamond Mortgage Group, bringing to Prospect a group of dedicated mortgage professionals serving Southeastern Connecticut.
Read More »Homebuyer Demand Plummets in December
Homebuyer demand experienced a sharp downturn as the book closed on 2013, according to Redfin's numbers. The company's statistics show the number of customers requesting tours falling 14.8 percent month-over-month in December--more than double the 7.1 percent drop recorded at the same time last year. Meanwhile, the number of Redfin customers making offers on homes fell 20.2 percent, a steeper decline than last year's 16.7 percent drop.
Read More »Report: ‘Slow and Steady’ Markets Pulling Ahead of Others
Analysts at Clear Capital say the housing market today may be a real-life representation of the old Aesop fable, "The Tortoise and the Hare."
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