Tag Archives: Attorneys & Title Companies

Fannie Mae's total Book of Business shrank 1.8 percent in January, falling to $3.186 trillion from December's $3.190 trillion.

Federally insured credit unions brought in record-high earnings last year, the National Credit Union Administration (NCUA) reported. NCUA reported earnings of $8.5 billion across the industry in 2012, the highest annual figure ever posted. Earnings last year were 36.1 percent higher from the $6.3 billion reported in 2011. The rise in earnings came largely from reductions in loan loss reserves, "a positive sign of improving economic conditions," NCUA said in a release.

Employment in the mortgage industry reached a post-crisis high in 2012, according to data from Mortgage Daily's Mortgage Employment Index. The index showed a gain of 2,571 jobs during last year's fourth quarter, making it the sixth straight quarter to post an increase. However, job growth wasn't as strong as the third quarter, which saw 2,926 mortgage jobs created. For the entire year, the mortgage industry gained 8,978 new jobs, more than twice what was gained in 2011 (4,320).

Construction spending came in at a seasonally adjusted annual rate of $883.3 billion January, a 2.1 percent monthly drop, the Census Bureau reported Friday. January's figure sits 7.1 percent above January 2012's spending estimate of $824.7 billion. December's estimate was revised upward to $902.6 billion from an originally reported $885.0 billion. Residential construction spending in the private sector was an estimated $304.6 billion, essentially flat month-over-month and up 22.0 percent year-over-year.

Caliber Funding LLC, a leading national residential mortgage lender headquartered in Dallas, Texas, announced the appointment of Tammy Richards as its SVP of operations. Richards has more than three decades of leadership experience in mortgage banking and extensive expertise in process improvement, quality management, technology, and leadership development.

The President has tried repeatedly to describe the impact of sequestration, a mandatory across-the-board cut in federal spending exempting only a small handful of social safety net programs. Despite those exemptions, a simple fact is that people will die as a result of these cuts, and lives could be changed irrevocably. The tragedy in this is not what might happen, although that's pretty severe long-term. The tragedy is both Democrats and Republicans have the means to fix it without having to resort to face-saving techniques.

Signs of expanding employment lifted the Thomson Reuters/University of Michigan Index of Consumer Sentiment, according to a release issued Friday.

The Warren Group ranked Norcom Mortgage, a privately-owned mortgage lender, No. 1 for purchase lending in its recent Residential Mortgage MarketShare Report.

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.

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).