Tag Archives: Attorneys & Title Companies

Data from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey shows a drop in traffic in August for all three groups of homebuyers.

The Conference Board's Consumer Confidence Index, which picked up to 81.8 in August following a drop the month prior, fell to 79.7 for September, the association reported.

The First National Bank of Long Island (FNBLI) is now using Fiserv's Common Origination Platform for its consumer, business, and mortgage lending needs, the companies announced jointly.

Zillow's Home Value Index climbed to $162,100 in August, up 0.4 percent month-over-month and 6.6 percent annually--the largest yearly gain since July 2006, when values rose 7.9 percent. "August marked the end of one of the hottest summer home shopping seasons in years, as home value appreciation rates continued their rocket ride upward--perhaps dangerously so in some metro areas," said Zillow chief economist Stan Humphries, noting that the monthly pace of appreciation has started to moderate.

The Mortgage Bankers Association (MBA) has appointed Harry Gardner to the board of directors for the Mortgage Industry Standards Maintenance Organization (MISMO), the trade group announced.

Home prices rose in July by less than 2 percent for the first time since March but still reached their highest level since August 2008, according to the Case-Shiller Home Price Indices released Tuesday. All 20 cities included in the survey improved both month-to-month and year-to-year. The two surveys have improved both monthly and yearly for 14 consecutive months.

Originators and servicers are going to have to step up their documentation procedures as regulatory guidelines dovetail, financial services firm PwC says in a new white paper. "The age-old question asks: if a tree falls in the forest and no one hears it, does it make a sound? A modern version to that question might be: if a lender in fact determines a borrower's ability to repay, or originates a Qualified Mortgage (QM), but cannot evidence it, has the lender complied with the Ability-to-Pay (ATR) or QM standards?" PwC asks.

The Appraisal Institute announced the 14th edition of The Appraisal of Real Estate, the newest update to the profession's most comprehensive source of information for appraisers and other real estate professionals.

Even as price increases start to lose momentum, the majority of Americans polled by finance site Bankrate.com anticipate more gains over the next year. According to Bankrate, 55 percent of Americans surveyed think prices will go up over the next 12 months, while 27 percent said they expect prices to stay flat. "It seems like Americans' love affair with real estate has returned," said Greg McBride, CFA, senior financial analyst for Bankrate, though he admitted there are still "some clear headwinds."

Entitle Direct Group, Inc. (EDG), the parent company of EnTitle Insurance Company, announced the appointment of John Sheffield as its new CFO and corporate secretary.