Tag Archives: Processing

The Asian Real Estate Association of America (AREAA) wrapped up its annual Global Summit this week with greater confidence in the U.S. housing market and in opportunities to facilitate global real estate business.

A Philadephia-based real estate developer and mortgage lender announced the launch of what he hopes will become "the YouTube for homebuyers."

First-time claims for unemployment insurance for the week ending April 27 dropped 18,000 to 324,000, the lowest level in more than five years, the Labor Department reported Thursday. Economists expected claims to increase to 354,000 initial claims. Initial jobless claims for the week ending April 20 were revised up to 344,000 from the originally reported 342,000.

ZVN Properties, Inc., operating out of Ohio, welcomed David Dolan as COO. With nearly three decades of experience in all facets of banking, lending, and mortgage field servicing, Dolan has worked to transform both private and publicly held businesses through his leadership, industry knowledge, and consumer insight.

Freddie Mac announced the launch of Loan Quality Advisor, a new online loan tool designed to give lenders an automated way to identify credit, data, and purchase eligibility issues.

The Census Bureau released Wednesday a report showing a decline in construction spending throughout March. According to Census data, construction spending in March was at a seasonally adjusted annual rate of $856.7 billion, a 1.7 percent drop from February's revised estimate of $871.8 billion. While total spending fell, spending for housing construction inched up. According to the report, residential construction spending was at annual rate of $301.6 billion.

Churchill Mortgage, a Tennessee-based leader in conventional and government-backed residential mortgage lending across 26 states, touted its continued commitment to local communities during April, otherwise known as National Volunteer Month.

Continental Title Holding Co., Inc., an independent title insurance agency with headquarters in St. Louis, announced the acquisition of Assured Title Company of Warrenton, LLC.

The nation's homeownership rate fell to 65 percent in the first quarter of 2013, according to data from the Census Bureau.

Despite weakness in the Midwest, home prices posted their strongest year-over-year gain in almost seven years in February, according to the Case-Shiller 10- and 20-city Home Price Indexes released Tuesday. Month-over-month, the 10-city index improved 0.4 percent in February, while the 20-city index was up 0.3 percent. On a yearly basis, the 10-city index was up 8.6 percent, and the 20-city index rose 9.3 percent. Economists had forecast the 20-city index would rise slightly to 146.16, essentially unchanged from January.