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Tag Archives: DataQuick

California Sees Record Number of Cash-Purchased Homes in 2012

The number of homes purchased with cash in California reached an all-time high in 2012 as the mortgage environment kept other interested buyers out, according to DataQuick, a real estate information service. The company's data shows a total of 145,797 condos and houses were bought without mortgage financing in 2012, up from 125,812 in 2011 (the previous high) and 39,731 in 2007. According to DataQuick's John Walsh, the increase comes from high investor interest and a currently difficult mortgage environment.

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DataQuick Adapts Products to New CFPB Rules

San Diego-based DataQuick, a technology provider for the lending industry, announced it has adapted its products to meet new industry standards. The company's MindBox decisioning program has assisted lenders in obtaining qualification information for more than 20 years. With the release of the new industry standards from the CFPB, DataQuick is adjusting the product to ensure compliance.

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