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Marketcore’s Transaction Credit Tool Receives Recognition

Connecticut-based Marketcore, Inc., is receiving recognition in a recently released white paper from the National Association of Insurance Commissioner's Center for Insurance Policy and Research (CIPR). The financial services provider was cited in the group's report for its inventive Transaction Credits tool, which provides incentives to originators, aggregators, and investors who use the system to report events related to the value of underlying mortgages.

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Hollywood Heavyweight Lists Utah Chalet for $20.5M

Hollywood heavyweight Jeffrey Katzenberg has put his swanky estate in Deer Park, Utah, on the market. Katzenberg, currently the CEO of DreamWorks Animation, listed the luxurious log cabin ski chalet for $20.5 million, according to Realestalker.

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Builder Confidence Soars To Five-plus Year High in August

Builder confidence improved two points in August to 37, its highest level since February 2007, the National Association of Home Builders (NAHB) reported Wednesday. Economists had expected the index to remain flat at 35. The improvement in the index in August marked the fourth straight month-month gain.

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Freddie Mac: 95% of Q2 Refis Went for Fixed-Rate Loans

For borrowers who refinanced in the second quarter, fixed-rate mortgages dominated consumer preferences. Among those who refinanced in Q2, more than 95 percent opted for a fixed-rate mortgage, according to the Freddie Mac Quarterly Product Transition report. For those who had a hybrid ARM, 81 percent transitioned into a fixed-rate loan during the second quarter; the percentage represents the highest share in two years. In contrast, for those with a 15-year fixed rate loan, 2 percent transitioned into a hybrid ARM.

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No News, Good News? Mortgage Rates Slip as Economy Dithers

The 30-year fixed-rate mortgage slipped to 3.42 percent this week as market watchers waited for news about the economy. Zillow found the benchmark home loan falling from 3.44 percent last week, only after peaking at 3.47 percent on Wednesday. Interest rates for the 15-year fixed-rate mortgage averaged 2.76 percent, while those for 5-year and 1-year adjustable-rate mortgages hovered around 2.4 percent. Mortgage rates zigzagged across much of the rest of the country, falling 12 basis points in New York but rising by three basis points in Illinois.

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Fitch: New CFPB Rules Will Increase Compliance Costs

Clearer monthly mortgage statements, warnings before interest rates adjust, quick correction of errors ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô these are among the proposed rules for mortgage servicers from the Consumer Protection Financial Bureau. The ratings agency stated one key change with the proposed CFPB rules is that it applies to banks and nonbanks of all sizes and types, and for smaller institutions, the impact of compliance costs is believed be even greater compared to the largest banks.

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Increase in Home Prices May Stifle Buyer Choices: NAR

Limited inventory may be boosting home prices, but buyer choices are stifled in an increasing number of markets, the National Association of Realtors reported Thursday. The association├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós latest quarterly report showed that the median existing single-family home price increased during Q2 in 110 out of 147 metropolitan statistical areas compared to the same period in 2011. Of the remaining 37 MSAs, 34 posted price declines, and three remained unchanged. The national median existing single-family home price was $181,500 in Q2.

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Churchill Mortgage to Partner with Real Estate Radio Network

Churchill Mortgage is taking to the airwaves to support the company's educational initiatives for loan officers. Recently launching a new partnership with Ron Quintero, CEO of the Real Estate Radio Network, Churchill will gain support for company clients choosing to utilize its tools for recruiting, training, motivating, and retaining quality lending professionals.

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Alex Rodriguez Lists Miami Beach Mansion for $38M

modernhome

Living legend Alex Rodriguez has put his Miami estate on the market for $38 million. Curbed reports that the Yankee's player is rumored to have spent more than $24 million to build the 20,000-square-foot Florida mansion, which includes nine-bedrooms, 13-bathrooms, 275-feet of waterfront, two docks, a gymnasium, full steam room, and of course, a batting cage.

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