Signs of expanding employment lifted the Thomson Reuters/University of Michigan Index of Consumer Sentiment, according to a release issued Friday.
Read More »Norcom Earns Top Rank for Connecticut Purchase Lenders
The Warren Group ranked Norcom Mortgage, a privately-owned mortgage lender, No. 1 for purchase lending in its recent Residential Mortgage MarketShare Report.
Read More »Guardian Real Estate Services Announces Diversity Initiative
Guardian Real Estate Services LLC, a Portland, Oregon-based real estate management, investment, and development firm, announced last week a new commitment to social equity and diversity. Guardian's newly-announced commitment includes intentions to continue to promote diversity within the company.
Read More »Credit Union Adopts Veros Platform for Valuation Management
Veros Real Estate Solutions, a collateral valuation technology firm based in Santa Ana, California, announced that its innovative valuation management platform, Sapphire, is now in use at Citizen's Equity First Credit Union (CEFCU).
Read More »Personal Income Plunges in January, Spending Up
Personal income dropped $505.5 billion, or 3.6 percent, and disposable personal income (DPI) fell $491.4 billion, or 4.0 percent, in January, the Bureau of Economic Analysis (BEA) reported Friday. The income drop was steeper than the 2.1 percent decline economists had expected.
Read More »Senate Confirms Jack Lew as Treasury Secretary
Following a vote in the Senate, Jack Lew is officially the Secretary of the Treasury. The Senate voted Wednesday 71-26 to confirm Lew, who was previously President Obama's chief of staff. Lew replaces Tim Geithner, who stepped down at the end of January; deputy secretary Neal Wolin had been filling in in the meantime.
Read More »HUD, Hewlett Packard Create Fair Housing App for Consumers, Professionals
HUD unveiled on Thursday an app for iPhone and iPad devices designed to provide the public and the housing industry with a quick and easy way to learn about the Fair Housing Act and to file discrimination complaints.
Read More »Revised GDP Report Shows Growth, Reverses Advance Estimates
Real gross domestic product (GDP) grew 0.1 percent in the fourth quarter, the Bureau of Economic Analysis (BEA) reported Thursday. Last month, in the advance GDP release, BEA had reported the nation's economy contracted by 0.1 percent, the first "negative growth" since the end of the Great Recession in mid-2009. Economists had expected the turnaround, but to a stronger 0.5 percent growth rate. BEA said the revision is based on more complete data than were available for the "advance" estimate issued last month.
Read More »Initial, Continuing Unemployment Claims Drop Sharply
First-time claims for unemployment insurance fell 22,000 to 344,000 for the week ending February 23, the Labor Department reported Thursday. Meanwhile, the number of continuing claims fell to the lowest level in almost five years.
Read More »BankersLab Launches Gamified Training App for iOS
A month after launching the product on Google play, BankersLab announced the release of its Banc-it: Scoring Edition app for iOS.
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