360 Mortgage Group, a privately owned mortgage banker headquartered in Austin, Texas, announced the hiring of Scott Brackett as regional manager for the western region of the United States.
Read More »MortgageDashboard Updates LOS to Simplify User Experience
MortgageDashboard released version 5 of its flagship mortgage software, revealing a new interface designed to be simpler and more intuitive for lenders.
Read More »Existing-Home Sales Rise to Highest Pace in 6 1/2 Years
Existing-home sales rose an unexpected 6.5 percent to an annual sales rate of 5.48 million, the National Association of Realtors (NAR) reported Thursday. Economists surveyed by Bloomberg expected existing home sales to drop to 5.255 million from July's originally reported July's 5.39 million sales pace which was unchanged in today's report. The increase in sales came as the median price of an existing single family home in August dipped slightly from July, down $300 to $212,100.
Read More »Initial Jobless Claims Up Less Than Expected
Following a sharp drop in first-time claims for unemployment insurance a week earlier, initial filings rose 15,000 for the week ending September 14 to 309,000, the Labor Department reported Thursday. Economists had expected the number of claims to jump up 49,000 to 341,000, from the 292,000 originally reported for the week ending September 7. The number of filings for that week was revised up to 294,000.
Read More »MCS Celebrates One-Year Anniversary of Ruston Operations Center
September marks the one-year anniversary of the opening of Mortgage Contracting Services' (MCS) operation center in Ruston, Louisiana--and the company already has plenty to celebrate for the occasion.
Read More »Commentators Measure Progress Five Years After Crash
President Obama spoke to the nation Monday--one day after the five-year anniversary of the Lehman Brothers collapse that kicked off the financial crisis--to tout the progress the country has made and to urge Republicans to action as a potential government shutdown looms. The president wasn't the only one to speak--other current and former government officials and analysts offered their own commentary on the country's circumstances, and not all of it was charitable.
Read More »Builder Confidence Stumbles in September On Weaker Outlook
The National Association of Home Builders' (NAHB) Housing Market Index (HMI) stalled at 58 in September, unchanged from August's downwardly revised reading, the group reported.
Read More »Carrington Names New Branch Manager for Virginia Office
Carrington Mortgage Services' lending division announced the appointment of Kathy Keller as branch manager for its Springfield, Virginia, office.
Read More »Homebuyer Demand Drops Further in August
Redfin reported another slip in homebuyer demand in August, with both home tours and offers declining.
Read More »Consumer Sentiment Weakens in Preliminary September Report
The Thomson Reuters/University of Michigan Index of Consumer Sentiment fell to a five-month low of 76.8 in September's preliminary report, spelling a potentially weak third quarter for consumption growth. The decline in overall sentiment was largely due to a drop in the Expectations Index, which measures consumer confidence for the next six months. That index fell to an eight-month low of 67.2. Meanwhile, the Current Conditions Index fell to 91.8.
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