QuestSoft Corp., an automated mortgage compliance software provider, has been recognized as one of Orange County's top workplaces.
Read More »Increasing Housing Permits Indicate Stability
Growing amounts of housing permits, improving home prices, and positive job numbers are leading to a stabilized housing market according to analysts. Recent studies revealed that markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI). However, policymakers still need to watch their footing.
Read More »FHA to Bring Down Loan Limits for 2014
The Federal Housing Administration (FHA) is bringing down loan limits on single-family mortgages next year, HUD announced Friday. According to the announcement, FHA's revised ceiling for single-family loan limits will come down to $625,000 from $729,750. "As the housing market continues its recovery, it is important for FHA to evaluate the role we need to play," said FHA Commissioner Carol Galante. "Implementing lower loan limits is an important and appropriate step as private capital returns to portions of the market."
Read More »Platinum Recruits Valuations Expert to Tap Growing Market
Valuations expert Craig Zielazny has jointed Platinum Data Solutions to help build out its automated valuation model (AVM) offerings, the company announced.
Read More »Freddie Mac’s Mortgage Portfolio Shrinks at Fastest Rate This Year
Freddie Mac's mortgage book of business declined at an annualized rate of 6.4 percent in October, marking the fourth consecutive month of declines.
Read More »Investors Will Still Dominate Purchase Market
Rising prices may be bringing some homeowners out from underwater, but tight credit will still preclude many traditional buyers from the market, according to a recent report from DataQuick.
Read More »Lukewarm Markets Heating Up as Hottest Metros Cool
Online marketplace Trulia released the latest findings from its Price and Rent Monitor reports, showing a shift in market trends as the housing market prepares for 2014. While price increases for the last few months have slowed down at the national level, numbers suggest the greatest drag is coming from the same markets that only a few months ago were giving the biggest boost to the market. "Price gains are cooling in 2013's hottest markets ... but heating up in markets that haven't been in the limelight," said Trulia chief economist Jed Kolko.
Read More »Mortgage Returns Enhances Offerings to Maximize User ROI
In St. Louis, Mortgage Returns unveiled a number of enhancements to its services, furthering the company's efforts to help originators maximize their return on investment (ROI) by marketing more effectively to customers, prospects, and referral partners.
Read More »Analysts: Jobs Report Signals ‘Very Stable Growth’
The national unemployment rate sank from 7.3 percent to 7.0 percent in November, with 203,000 new jobs added to employer payrolls, the U.S. Department of Labor reported Friday.
Read More »Private Insurance Policies Increase in October, Dollar Volume Slackens
Private mortgage insurers reported issuing more policies in October than in the month prior--but dollar volume decreased over the month, according to monthly numbers released by Mortgage Insurance Companies of America (MICA). Member companies represented in the trade group's statistics reported issuing 38,908 insurance certificates for borrowers seeking to buy or refinance a home in October. At the same time, dollar volume on insurance written throughout the month totaled $8.7 billion, the lowest amount since May 2012.
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