Tag Archives: Processing

USA Wholesale Lending, a recently-created division of Fort Wayne, Indiana-based Hallmark Home Mortgage, is now operating in 20 states and has plans to expand this year.

Residential Finance Corporation, based in Columbus, Ohio, recently announced the launch of its new Purchase Loan Quick Reaction Force, a team dedicated to ensuring mortgage loans close on time.

Home sales for Massachusetts stood at 2,246 in February, down 5 percent from 2,366 sales in February 2012. According to The Warren Group, the yearly decline was the first in the state since December 2011.

Company experts at Nationwide Title Clearing, Inc. (NTC) revealed a trend showing an increase in documents recorded electronically in the nation's Recorders' Offices.

The Conference Board's Consumer Confidence Index fell to 59.7 from February's reading of 68.0 (which was revised down from 69.6). The decline wipes out most of the gains observed last month and brings the index to its second lowest reading so far this year. According to Lynn Franco, director or economic indicators at The Conference Board, the retreat in consumer confidence was driven primarily by a sharp decline in respondents' economic outlook, "although consumers were also more pessimistic in their assessment of current conditions."

BankersLab announced the launch of another gamified mobile learning app designed to help collections and risk managers stay on top of the latest industry best practices.

The housing recovery may be fast approaching a wall as well-located finished building lots become scarce, Fitch Ratings says in a recent analysis.

Home prices posted their strongest yearly gain in almost seven years in January, according to the Case-Shiller 10- and 20-city Home Price Indices released Tuesday. Home prices rose year-over-year in all 20 of the cities in the Case-Shiller survey. Prices rose in nine cities in January over December while falling in eight. Prices were unchanged in the remaining three. December data were revised, showing prices rose month-over-month in 10 cities compared with nine in the original report. The report showed a steady improvement in prices in the West.

In January, national home prices averaged $208,000, up 0.3 percent from December and 6.7 percent year-over-year. However, prices were still 21.4 percent below their June 2006 peak. Among metro areas, Atlanta experienced the biggest monthly increase at 1.7 percent, while Phoenix followed with a 1.2 percent gain. Three other metros in the top five were San Jose (+1.2 percent); Hilton Head, South Carolina (1.1 percent); and Baltimore (1.1 percent).

MortgageAuction, launched in November 2012, offers online auctions to match mortgage borrowers with the lowest mortgage rates and fees from competing lenders.