CoreLogic has announced the appointment of Olumide Soroye as managing director of Information Solutions.
Read More »August Housing Metrics Point to Slowing Recovery
DataQuick's monthly Property Intelligence Report (PIR), which examines home price and sales metrics as well as foreclosure data across 42 counties, is the latest in a line of reports pointing to mounting evidence that the housing recovery is losing some of its energy. According to the company's data, home prices in August grew in 40 of the 42 counties on a monthly basis and in all counties on a quarterly and yearly basis. However, though growth was positive, the rate of improvement is on the decline.
Read More »Premier Nationwide Approved to Operate in Georgia
Premier Nationwide Lending (PNL), a Texas-based mortgage bank with operations around the United States, announced it has been approved to provide home mortgage loans and services and in Georgia, expanding its range to 20 states.
Read More »Carrington Announces 3rd Annual Golf Classic for Charity
Carrington Charitable Foundation (CCF), the philanthropic branch of the Carrington Family of Companies, announced its 3rd Annual Golf Classic to be held October 14 in Newport Coast, California.
Read More »August Personal Income Improves at Fastest Pace since February
Personal income grew in August at its fastest pace since February, and consumer spending grew faster than July, the Bureau of Economic Analysis (BEA) reported Friday. The growth matched economist forecasts of a 0.4 percent boost in income and a 0.3 percent increase in spending. BEA also revised up its estimate of both spending and income growth in July.
Read More »LenderLive Names SVP for Secondary and Capital Markets
Robert Fulton has joined LenderLive Network as SVP of secondary and capital markets for the company's Correspondent Lending unit.
Read More »Pending Sales See Third Straight Monthly Drop
Responding again to higher mortgage rates, the Pending Home Sales Index (PHSI) slipped for the third straight month, dropping 1.6 percent in August to 107.7--the lowest level since April, the National Association of Realtors (NAR), which compiles the index, reported Thursday. NAR chief economist Lawrence Yun said the drop was expected as a consequence of buyers accelerating purchase decisions while mortgage rates were first increasing.
Read More »Initial Unemployment Claims Continue to Drop
Continuing the drop in first-time claims for unemployment insurance, initial filings fell 5,000 for the week ending September 21 to 305,000, the Labor Department reported Thursday. Economists had expected the number of claims to jump up to 330,000 from the 309,000 originally reported for the week ending September 14. The number of filings for that week was revised up to 310,000.
Read More »Report: Home Prices Fully Recovered in 22% of Top Markets
According to Homes.com's latest report, 22 of the top 100 markets in the United States reported price increases of more than 100 percent from their respective troughs, up from 19 the month prior. Marketing analyst Nicole Selvaggi explained that most of the markets that have come back completely "never suffered the significant numbers of foreclosures and short sales that characterized the housing economy from 2007 to 2012," and seven of the top 20 have benefited greatly from energy development from oil, gas, shale, or coal.
Read More »Household Net Worth Growth Slows in Second Quarter
Household net worth improved $1.3 trillion in the second quarter--half as fast as the first quarter--as real estate values grew $626.7 billion, the Federal Reserve reported Wednesday in its quarterly Flow of Funds report. But, with a drop in mortgage debt--including home equity loans and lines of credit--from $9.39 trillion in the first quarter to $9.34 billion in the second--homeowner equity grew to 49.8 percent in the second quarter from 48.1 percent in the first.
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