Tag Archives: Service Providers

Following a report from Truliathat foreign interest in U.S. housing is on the decline, Capital Economics reported foreign investment is peripheral to the housing market recovery.

SunTrust Mortgage, Inc., announced it will now offer a $500 credit toward lender closing costs for clients who qualify for a new mortgage or refinance provided through the company.

Responses to Fannie Mae's latest National Housing Survey indicate potential homebuyers may enter the purchase market sooner rather than later.

Stewart Title Company announced the appointment of Mary Ann Nelson-Sutterfield to lead Stewart Abstract & Title of Oklahoma as president.

The number of underwater borrows dropped by nearly half from Q1 2012 to Q1 2013, Lender Processing Services (LPS) reported in its May Mortgage Monitor. As of the end of Q1, the total share of mortgages with loan-to-value (LTV) ratios of greater than 100 percent was down to 14.7 percent of all currently active loans. Even in the Western "sand states," where borrowers have struggled in recent years, LPS reported underwater loans were down as much as 53 percent year-over-year.

While the world's largest companies have focused their sustainability practices on the global level, Florida's Nationwide Title Clearing (NTC) is working to make a difference on a smaller scale.

When Congress enacted Dodd-Frank in retribution for perceived ills, you had to know banks would come up with new ways to replace lost revenues, but bankers were too clever by half.

The newest Price Monitor report from Trulia shows asking prices are heating up along with the weather. The company reported a 10.7 percent year-over-year increase and a 1.5 percent month-over-month improvement. Trulia also tracked the 100 largest metro areas and revealed 99 markets experienced an increase in asking prices over the last year. According to Trulia's chief economist Jed Kolko, the increase in home prices and mortgage rates has added a significant cost to homeownership.

May was a strong month for home sales in Connecticut, the Warren Group reported. According to the group, sales in the state rose 2.9 percent year-over-year to 2,356. It was the highest number of transactions recorded for the month since May 2010 and the first time since January that sales volume increased on a yearly basis.

Homebuyer interest diminished somewhat in June, according to Redfin's Real-Time Demand Pulse. According to the brokerage, the number of customers taking tours fell 1.9 percent month-over-month in June, sinking even further than the 1.5 percent drop recorded last year. For the last week of the month, Redfin reported a 2.7 percent decline in tour requests from the prior week (compared to a 2.3 percent decline the same week in 2012). With closed sales typically peaking each year in June, Redfin expects continued monthly declines.