The mortgage servicing industry's efforts to adhere to nationwide reforms hasn't gone unnoticed by consumers, according to J.D. Power's 2013 U.S. Primary Mortgage Servicer Satisfaction Study.
Read More »First Title Radio Show Nears 10 Episodes
The First Title Radio Show debuted on May 31 and has aired seven episodes so far. In that time, host Doug Dennison--a radio, real estate, and government auction expert--has interviewed more than 15 real estate professionals, including representatives from Sperry Van Ness, Florida Keys Real Estate, Rowell Auctions, Inc., and the Five Star Institute.
Read More »Housing Trend Report Tracks Gains in List Prices, Inventories
Realtor.com released its National Housing Trend Report for the month of June 2013, revealing significant gains in several major market indicators. Statistics showed a significant jump in both year-over-year median list prices and month-over-month inventories in pivotal California markets (with raises of over 20 percent and over 40 percent respectively). Nationwide, the median list price was up 5.27 percent year-over-year. In addition, June's inventories were 4.26 percent more than those in May.
Read More »First-Time Jobless Claims Drop to 10-Week Low
One week after spiking to a two-month high, first-time claims for unemployment insurance dropped 24,000 to 334,000 for the week ending July 13--the lowest level in 10 weeks, the Labor Department reported Thursday. Economists expected the number of claims to drop to 344,000 from the 360,000 originally reported for the week ending July 6. The number of filings for that week was revised down to 358,000.
Read More »Beige Book Again Sees Modest to Moderate Growth
Citing improvements in manufacturing, tourism, commercial and residential real estate and in the financial sector, the Federal Reserve said the nation's economy continued to increase at a modest to moderate pace from late May through early July.
Read More »Report: Widespread Affordability Not Likely to Reverse
As home prices continue climbing, CoreLogic assures us housing is still affordable and any concerns that rising prices will make it not so are unfounded.
Read More »Total Mortgage Services Named Corporate Partner of Yale Athletics
As a Yale Athletics Corporate Partner, Total Mortgage is the official mortgage services provider for Yale Athletics and will have a presence in multiple platforms.
Read More »Allonhill Expands Sales Force
In Colorado, Allonhill added two managing directors to its sales roster as the company finds more opportunities for growth.
Read More »Mortgage Banking Profits Decline at BofA Despite Rising Originations
Bank of America reported a major boost in profits for the second quarter despite a drop in mortgage banking income. According to its quarterly earnings report, BofA pulled in approximately $4.0 billion in Q2, an increase of 63 percent over the $2.5 billion recorded for Q2 2012. On the origination side, the bank funded $26.8 billion in residential home loans and home equity loans, up 7 percent over the first quarter and 41 percent over the same quarter last year.
Read More »Mortgage Application Volume Drops 2.6%
Mortgage applications fell another 2.6 percent (seasonally adjusted) for the week ending July 12, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey.
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