Interthinx and Middleberg Riddle & Gianna are teaming up to offer attorney-backed compliance services to mortgage lenders.
Read More »DocMagic Capabilities Available Through LendingQB
Lending QB and DocMagic have teamed together to offer a more seamless approach to loan origination in LendingQB's origination software.
Read More »V.I.P. Mortgage Reveals ‘Shoot from the Heart’ Employee Philosophy
While some employers may be struggling to find practical and cost-effective ways to keep employees happy and productive, V.I.P. Mortgage aims for the heart. The Scottsdale, Arizona-based mortgage bank points to a number of charitable causes undertaken for its employees, including V.I.P.'s sponsorship of one employee's efforts to raise awareness for multiple sclerosis.
Read More »Freddie Mac Granted Dismissal of Class Action Suit
Freddie Mac has emerged as the victor in a legal battle over alleged securities fraud. Originally filed in August 2008, the putative class action lawsuit was dismissed with prejudice.
Read More »Study Shows Improving Projections for Single-Family Housing
The Urban Land Institute (ULI) has released a new study that shows declining expectations for the U.S. economic picture, with one positive exception - single-family housing. In the organization's semi-annual Real Estate Consensus Forecast, ULI found that most growth projections had been scaled back, but the group's survey of 39 leading real estate economists and analysts from around the U.S. indicated "more optimism" in the single-family housing industry, as forecasts for starts and home prices demonstrated significant increases.
Read More »Deutsche Bank Sells Commercial Servicing Business
Situs announced the expansion of its operations in Europe with the acquisition of Deutsche Bank's commercial mortgage servicing business.
Read More »August Pending Home Sales Show Surprising Decline
After reaching a two-year high in July, the Pending Home Sales Index (PHSI) fell in August to 99.2, the lowest level since April, according to the National Association of Realtors (NAR). Having previously predicted that the index would climb to 102.2, declining numbers in three of four census regions surprised analysts. The slippage in both the PHSI and new home sales dampens the outlook for home sales, but NAR emphasized that the August drop hadn't impacted longer-term trends, with the index up 10.7 percent in the last year.
Read More »Tight Credit Access to Hinder Housing in Final Quarter
While the fall months look to be unprecedented for the housing market, LendingTree expects tight lending requirements will keep many borrowers from taking advantage.
Read More »Who Are the Mortgage Industry’s Digital Leaders?
A recent study from Heardable, Inc., revealed that Quicken Loans outpaces its lending competitors in strong branding through digital presence.
Read More »Report Reveals Year-Over-Year Rise in New Residential Sales
Tallying new residential sales for August, the latest report conducted by the U.S. Census Bureau and the Department of Housing and Urban Development showed a 27.7 percent increase in sales on a year-over-year basis. However, July numbers bested findings from August, with sales flagging 0.3 percent month-to-month. By region, results from the survey revealed that the West and the Northeast have experienced the strongest improvements in the number of new homes sold year-to-date as of August.
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