Tag Archives: Investors

Real gross domestic product (GDP) grew 0.1 percent in the fourth quarter, the Bureau of Economic Analysis (BEA) reported Thursday. Last month, in the advance GDP release, BEA had reported the nation's economy contracted by 0.1 percent, the first "negative growth" since the end of the Great Recession in mid-2009. Economists had expected the turnaround, but to a stronger 0.5 percent growth rate. BEA said the revision is based on more complete data than were available for the "advance" estimate issued last month.

A month after launching the product on Google play, BankersLab announced the release of its Banc-it: Scoring Edition app for iOS.

According to Interthinx's latest Mortgage Fraud Risk Report, the company's mortgage fraud risk index climbed to 159 in last year's fourth quarter, representing a 16 percent increase from Q3 2012 and 9 percent increase from Q4 2011. Reflecting the national trend, the number of "very high risk" metros spiked from 70 in Q3 to an unprecedented 125 this quarter, the report revealed. In addition, 26 states have at least one newly added "very high risk" metro.

Single-family home sales in Massachusetts rose more than 10 percent year-over-year in January, according to new data from The Warren Group. Single-family sales reached 2,680--the highest January sales level since 2007, when there were 2,953 transactions. January 2012 single-family home sales were 2,436.

Nationwide Title Clearing, Inc. (NTC), a post-closing services provider based in Palm Harbor, Florida, has added another entry to its list of achievements: earning Inc. Magazine's Hire Power Award for its contribution to creating more American jobs.

Institutions insured by the Federal Deposit Insurance Corporation (FDIC) recorded their second-highest annual earnings ever in 2012, according to the FDIC's Quarterly Banking Profile for the fourth quarter of 2012. High noninterest income and declining loan loss provisions contributed to the increase, according to the FDIC. Net income for all FDIC-insured institutions over the year was $141.3 billion, a 19.3 percent increase from net income recorded in 2011.

Mortgage application volume continued to fall last week even as interest rates declined, according to the Mortgage Bankers Association.

Guaranteed Rate announced sweeping changes to its website that will affect how borrowers apply for, track, and receive their home loans.

Following a recent report from the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), which charged that Treasury has not appropriately limited compensation for executives at companies bailed out by TARP, a House subcommittee held a hearing on the matter.

Home prices rose 5.5 percent year-over-year in 2012's final quarter, the Federal Housing Finance Agency (FHFA) reported Tuesday. FHFA's seasonally adjusted purchase-only Home Price Index(HPI) increased 1.4 percent on a quarter-to-quarter basis in Q4. Month-over-month, December's index was 0.6 percent up from November, marking the 11th straight month of increases. The index rose in Q4 in 38 states and the District of Columbia, FHFA said.