Veros Real Estate Solutions, a collateral valuation technology firm based in Santa Ana, California, announced that its innovative valuation management platform, Sapphire, is now in use at Citizen's Equity First Credit Union (CEFCU).
Read More »Personal Income Plunges in January, Spending Up
Personal income dropped $505.5 billion, or 3.6 percent, and disposable personal income (DPI) fell $491.4 billion, or 4.0 percent, in January, the Bureau of Economic Analysis (BEA) reported Friday. The income drop was steeper than the 2.1 percent decline economists had expected.
Read More »Senate Confirms Jack Lew as Treasury Secretary
Following a vote in the Senate, Jack Lew is officially the Secretary of the Treasury. The Senate voted Wednesday 71-26 to confirm Lew, who was previously President Obama's chief of staff. Lew replaces Tim Geithner, who stepped down at the end of January; deputy secretary Neal Wolin had been filling in in the meantime.
Read More »HUD, Hewlett Packard Create Fair Housing App for Consumers, Professionals
HUD unveiled on Thursday an app for iPhone and iPad devices designed to provide the public and the housing industry with a quick and easy way to learn about the Fair Housing Act and to file discrimination complaints.
Read More »Revised GDP Report Shows Growth, Reverses Advance Estimates
Real gross domestic product (GDP) grew 0.1 percent in the fourth quarter, the Bureau of Economic Analysis (BEA) reported Thursday. Last month, in the advance GDP release, BEA had reported the nation's economy contracted by 0.1 percent, the first "negative growth" since the end of the Great Recession in mid-2009. Economists had expected the turnaround, but to a stronger 0.5 percent growth rate. BEA said the revision is based on more complete data than were available for the "advance" estimate issued last month.
Read More »Initial, Continuing Unemployment Claims Drop Sharply
First-time claims for unemployment insurance fell 22,000 to 344,000 for the week ending February 23, the Labor Department reported Thursday. Meanwhile, the number of continuing claims fell to the lowest level in almost five years.
Read More »BankersLab Launches Gamified Training App for iOS
A month after launching the product on Google play, BankersLab announced the release of its Banc-it: Scoring Edition app for iOS.
Read More »Mortgage Fraud Risk Rises to 3-Year High in Q4 2012
According to Interthinx's latest Mortgage Fraud Risk Report, the company's mortgage fraud risk index climbed to 159 in last year's fourth quarter, representing a 16 percent increase from Q3 2012 and 9 percent increase from Q4 2011. Reflecting the national trend, the number of "very high risk" metros spiked from 70 in Q3 to an unprecedented 125 this quarter, the report revealed. In addition, 26 states have at least one newly added "very high risk" metro.
Read More »Bay State Sales, Median Prices Rise in January
Single-family home sales in Massachusetts rose more than 10 percent year-over-year in January, according to new data from The Warren Group. Single-family sales reached 2,680--the highest January sales level since 2007, when there were 2,953 transactions. January 2012 single-family home sales were 2,436.
Read More »NTC Earns ‘Hire Power’ Award for Contributions to Job Creation
Nationwide Title Clearing, Inc. (NTC), a post-closing services provider based in Palm Harbor, Florida, has added another entry to its list of achievements: earning Inc. Magazine's Hire Power Award for its contribution to creating more American jobs.
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