Home >> News >> Origination (page 571)


Initial Jobless Claims Dip But Remain High

First time claims for unemployment insurance fell to 387,000 for the week ended June 16, from the prior week├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós 389,000, (revised from the originally reported 387,000) the Labor Department reported Thursday. Economists had expected the report would show 3863,000 initial claims.

Read More »

Why Rental Activity Remains ‘A Bright Spot’ for Housing

While the lights of the housing market continue to flicker, rental market activity has been a bright spot, said Freddie Mac's U.S. Economic and Housing Market Outlook for June. The enterprise├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós report, released Tuesday, showed that newly formed households seem more interested in renting over owning as the economy struggles to get back on its feet. Freddie Mac expects this trend to continue for the near future. Reis found a 2.8 percent gain in its markets during the same period, while Axiometrics reported a 4 percent rise in nominal rents.

Read More »

How Over-Optimistic Homebuyers Could Inflate Next Bubble


Renters and first-time homebuyers want more amenities in their first homes and generally feel a sense of optimism that outpaces the reality in a slowly recovering housing market ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a disconnect that could set the stage for the next housing crisis. Those are the findings that real estate company Trulia unveiled in an American Dream survey it released Wednesday. Of 86 markets in the 100 largest metro areas, 61 percent, or nearly two-thirds, of Americans believe that home prices will rise over the next year, according to the company.

Read More »

Mortgage Cadence Acquires Prime Alliance Solutions

Mortgage Cadence, LLC, announced Wednesday the acquisition of Prime Alliance Solutions, Inc. The Denver-based provider of services and technology for the financial services industry acquired Prime Alliance based on a shared passion to automate the mortgage process through rules and tasking, the company said in a release. Mortgage Cadence employs a financial services data model to provide Enterprise Lending Solutions. Prime Alliance Solutions is a credit union service organization concentrating on mortgage lending and is based in Edina, Minnesota.

Read More »

Fannie: Economy Slows, Modest Growth Still Expected

The revised figures for economic growth in the year's first quarter were disappointing, but Fannie Mae's Economic & Strategic Research Group is still forecasting moderate growth for the remainder of 2012. A report released by the group Tuesday projected 2.2 percent growth for all of 2012. Several factors presented risks to the economic outlook, including a slowing trend in job growth and potential contagion in the euro zone from Greece's financial issues. Consumer attitudes also influence the economic outlook.

Read More »

Monthly Gains Just a Silver Lining for Home Prices: RadarLogic

While other experts and analysts have concluded home prices are on the rise and the recovery is under way, Radar Logic released a report challenging the upbeat viewpoint. The argument made by Radar Logic is that as buyers absorb the supply of homes for sale in certain markets and prices start to stabilize as a result, home owners who have been waiting on the sidelines to sell will do so once prices start to improve. This will increase supply once again, and home prices will stop appreciating as supply exceeds demand. Home values decreased by 0.8 percent year-over-year in April 2012.

Read More »

Analysts: Violent Crime Rates Dampening Home Values, Prices

Analysts said Tuesday that a reduction in homicide rates by 10 percent would likely lead to a 0.83 percent increase in housing values and a 2.1 percent increase in housing prices in residential and metropolitan areas around the nation. The Center for American Progress surveyed 8 major metropolitan areas to tally up the costs of violent crime ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô including homicide, rape, and aggravated robbery ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô for residents, cities, and state and municipal governments. According to the study, the results weigh heavily on residential property values and home prices.

Read More »

Improving Markets Index Shows Volatility in June: NAHB

After reaching 100 in May, the list of metropolitan areas with improving housing markets fell to 89 in June, according to the National Association of Home Builders/First American Improving Market Index. While the number of metros on the index dropped, a closer look shows high volatility, not a straightforward decline in improving markets. About half of last month's improving markets ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 52 metros ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô maintained their improving status in June. The other 48 metros listed as improving markets in May fell off the list.

Read More »

A New Reason to Love La Quinta?

Boasting 40 acres of land, full equestrian facilities, and six guest houses, the La Quinta, California, estate once belonging to Merv Griffin is now on the market for $9.5 million.

Read More »