Tag Archives: Attorneys & Title Companies

Zillow's Home Value Index registered a national value of $158,100 last month, which represents a slight 0.1 percent increase from January.

Pro Teck recently examined the effect of the Federal Reserve's commitment to keep interest rates low on home prices, which have historically increased during such programs.

After spiking last week, mortgage rates took a dive this week as tension broke out in Europe over the financial crisis in the island country of Cyprus.

Ally Bank has reached an agreement with Quicken Loans to sell the last of its remaining mortgage servicing rights (MSRs) portfolio.

Existing-home sales rose 0.8 percent in February to 4.98 million, the National Association of Realtors reported Thursday. Economists had expected the sales pace to climb to 5.01 million from January├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós originally reported 4.92 million. January sales were revised up to 4.94 million.

Data from Trulia shows that once all costs are factored, buying a home is 44 percent cheaper than renting at this point.

The story of the London Interbank Offered Rate (Libor) scandal added another chapter in March as Freddie Mac brought suit against Barclays, Bank of America, Citibank, and several other institutions for investment losses related to alleged rate-rigging practices.

With an upbeat assessment of the economy, the Federal Open Market Committee (FOMC) voted 11-1 Wednesday to leave interest rates unchanged and to continue its program of purchasing agency mortgage-backed securities (MBS) and longer-term Treasury securities to "maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative." Kansas City Fed President Esther George, who opposed a similar action in January, cast the lone dissenting vote.

Ellie Mae released its Origination Insight Report for February, revealing that the closing rate for loan applications initiated 90 days prior--in November--was 56.8 percent.

Designing Spaces, a home improvement show airing on Lifetime Television, will feature an appearance from Equity Loans LLC. A representative from the Atlanta-based lender will feature on the show as part of an upcoming "Arming Yourself with Home Loan Knowledge, Tips for Successful Ownership" segment.