LRES announced the latest version of LRES DirectConnect, an integration framework enabling clients and third-party systems to integrate into the LRES LINK order management platform.
Read More »Home Prices Get Another Bump in May
Based on transactions recorded in May, Lender Processing Services' Home Price Index rose to a reading of $226,000, an increase of 7.9 percent over May 2012. The index has climbed 5.6 percent since December of last year. For yet another month, the West dominated the list of metros reporting price month-over-month increases. The top spot was Las Vegas, posting a 3.2 percent gain. Following that were San Francisco, Reno, and Sacramento--each with a 2.5 percent increase--followed by several smaller California markets.
Read More »Stewart Title Appoints Underwriting Counsel for Carolinas
Stewart Title Guaranty Company announced the appointment of Brett Kline as underwriting counsel for the Carolinas.
Read More »Survey Shows Impact of School Boundaries on Buyer Picks
In a poll of buyers planning to purchase a home within the next two years, Realtor.com found that three out of five respondents will consider school boundaries when choosing their next home.
Read More »Pending Home Sales Index Slips In June
Responding to higher mortgage rates, the National Association of Realtors' (NAR) Pending Home Sales Index (PHSI) slipped 0.4 percent in June to 110.9, the group reported Monday.
Read More »Hundreds of Jobs Cut as Wells Fargo Shuts Down Joint Ventures
Wells Fargo Ventures, LLC, a subsidiary of Wells Fargo & Co., will exit from its eight mortgage joint ventures in mortgage lending due to "the current regulatory and market environment," the company announced Thursday.
Read More »Survey Shows Buyers More Willing to Adopt Aggressive Tactics
Prospective buyers have had to step up their game as the market continues to grow more competitive.
Read More »Prospect Mortgage Promotes Amy Brandt to COO
In California, Prospect Mortgage, LLC named veteran mortgage finance professional Amy Brandt as COO.
Read More »Commentary: Obama’s Magical Mystery Tour
President Obama embarked this week on a series of speeches designed to highlight the nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós continued economic stress. The immediate response and from both ends of the political spectrum was to decry his efforts as same-old, same-old. And, it is true the President has made this pitch before, emphasizing that the significant progress has made is not enough.
Read More »Freddie Mac Director to Resign
Linda B. Bammann will be resigning from Freddie Mac's board of directors at the end of July, the company announced.
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