Tag Archives: Investors

DataQuick, a real estate solutions provider, announced the promotion of Rich Kuegler to SVP of branch production for DataQuick Title (formerly Rels Title).

Out of San Diego, BankersLab announced the launch of Bank-it: Credit Edition, the latest in its suite of mobile learning apps for retail lending professionals.

The Consumer Reports Trouble Tracker Index, which measures the proportion of consumers that have faced financial difficulties and the number of events they've encountered, fell sharply from 41.7 in the last report to 34.0--the lowest level since the measure was created. As of the latest report, the tracker has fallen more than 50 percent from its reading of 68.7 in September 2009. At the same time, the index's employment measures showed job gains outpacing losses for the third straight month.

The number of job openings fell in April for the fourth time in the last five months as the number of people leaving their jobs jumped to the highest level since August, the Bureau of Labor Statistics (BLS) reported Tuesday in its month Job Openings and Labor Turnover Survey (JOLTS). According to the JOLTS report, the number of persons unemployed for each job opening rose to 3.10, the first increase in that measure since February. The number of unemployed per job opening fell sharply in the construction industry to 7.7.

The pace at which home prices are rising should moderate later this year, according to an analysis from Capital Economics.

Nationally, asking prices increased 9.5 percent year-over-year in May, but in the ten least affordable metros, asking prices spiked 16.3 percent during the same time period.

The Mortgage Bankers Association (MBA) announced the nomination of Quicken Loans CEO Bill Emerson to be its vice chair for the 2014 membership year.

Mortgage Contracting Services (MCS) announced the promotion of Wade Petty and Marie Walters to VP of finance and controller/assistant VP, respectively.

According to Fannie Mae's May 2013 National Housing Survey, Americans expressed record confidence in price gains, with 55 percent--a survey high--saying they believe prices will go up in the next year. Only 7 percent of respondents in the survey expect prices to drop, the lowest level since the survey's inception. In addition, the average 12-month home price chance expectation was 3.9 percent, the highest level in the survey's history and a leap over April's 2.7 percent forecast.

The Community Mortgage Lenders of America (CMLA) unveiled the Community Mortgage Lenders Act of 2013, a piece of legislation designed to spur lending, maintain effective consumer protections, and remove what the group calls "excessive regulations aimed for other parts of the market." Under the proposed legislation, "responsible" community lenders (defined as those who have no history or predatory or abusive loan practices and whose product predominantly falls under the qualified mortgage criteria) would be exempt from several rules.