Tag Archives: Investors

Mortgage Contracting Services (MCS), a nationwide provider of property preservation, inspections, and property maintenance to the financial services industry, named Robert Colbeck as chief technology officer.

CoreLogic's Home Price Index (HPI) report for October shows the national home price (including distressed sales) rising 0.2 percent from September.

Mortgage loan production suffered among independent mortgage bankers throughout the third quarter--but servicing revenues are helping to ease the pain for those with portfolios, Richey May revealed in its latest quarterly report. Overall, net income declined 60 basis points from the second quarter, though a 0.07 percent increase in the average value of servicing portfolios helped offset losses at those with servicing interests, Richey May reported.

The Census Bureau released on Monday its construction spending numbers for both September and October, catching up on releases delayed by the partial government shutdown. In September, total construction spending was at a seasonally adjusted annual rate of $901.2 billion, down from August's $903.8 billion. Spending for total residential construction, however, perked up, rising to an annual rate of $334.5 billion. Spending on homebuilding in October was down from the previous month, falling to an estimated rate of $332.9 billion.

Mortgage Master, a super-regional mortgage bank and one of the United States' largest privately owned mortgage companies, announced the opening of its first retail branch in Austin, Texas.

Moving forward on another of its performance goals for 2013, the Federal Housing Finance Agency (FHFA) announced Monday that Fannie Mae and Freddie Mac have completed a major overhaul of mortgage insurance master policy requirements. "Updating the mortgage insurance master policy requirements is a significant accomplishment for Fannie Mae and Freddie Mac," said FHFA acting director Ed DeMarco. "The new standards ... enhance the insurance protection provided to Fannie Mae and Freddie Mac, which ultimately benefits taxpayers."

Title365 Company, a provider of title insurance and escrow services based in California, announced the hiring of Jeremy Harmon as SVP of national sales.

The Index of Consumer Sentiment, a joint measure tracked by the University of Michigan and Thomson Reuters, rose to 75.1 for the final November tally, making up some of the ground lost in October, when it dropped to 73.2. Last year, the index was measured at 82.7. While November's improvement made up somewhat for October's shutdown-related losses, consumers still feel stung by the government's economic debate. Spontaneous negative references to the government's economic policies were made by 32 percent of Americans in November.

Bank of America and Freddie Mac jointly announced Monday an agreement resolving all remaining rep and warranties claims on loans BofA sold to the GSE through the end of 2009.

A new face has joined the Austin-based 360 Mortgage Group. Joseph Kowalewski has been brought on as regional manager of the East Region of the United States.