Tag Archives: Lenders & Servicers

Capital Bank congratulated two of its rising stars Tuesday for their rankings as Scotsman Guide 2012 Top Originators. The 2012 list marks the second appearance of Brad Cohen and Brian Blonder in the ranks of top originators.

While most of the country spent the winter fighting blizzard conditions and flu symptoms, home prices made it through the season relatively unscathed. According to Clear Capital, home prices ended March with a 6.5 percent year-over-year improvement, while the quarterly gain was a modest 0.9 percent. Over the next three quarters, Clear Capital is projecting growth of 1.7 percent, which would bring the 2013 forecast to 2.6 percent. That growth will differ by region, with the Northeast leading in gains.

ValuTrac Software, a software solutions provider, saw tremendous growth in 2013's first quarter, the company announced Monday.

Investor activity saw a decline last year as the median price for investment homes increased, the National Association of Realtors (NAR) reported.

Fannie Mae's Q4 earnings report shows the mortgage behemoth earned a quarterly net income of $7.6 billion in Q4 and an annual net income of $17.2 billion throughout 2012.

The National Association of Home Builders (NAHB) wants people to know they may not be saving money by purchasing older homes. NAHB compared the cost of owning a home built before 1960 to the cost of homes built since 2008 and found that after taxes, the total cost of owning a home in its first year is about 23 percent more for an equally-priced older home.

Real estate agents are showing heightened optimism for housing as the market continues its swing toward sellers, Redfin observed in its latest Real-Time Agent Survey. According to brokerage's findings, the number of agents saying now is a good time to buy plummeted from 75 percent in Q3 2012 to just 57 percent in Q1 2013. At the same time, the number of agents saying now is a bad time to buy rose slightly, though the percentage is still low--5 percent in Q1 2013 compared to 2 percent in Q3 2012.

Genworth Financial got the go-ahead to implement its comprehensive capital plan for its mortgage insurance business. The plan has been fully implemented as of April 1, Virginia-based Genworth announced. The plan is expected to reduce Genworth Mortgage Insurance Company's (GMICO) risk-to-capital ratio by about 15 points and lower the combined risk-to-capital ratio of the U.S. mortgage insurance subsidiaries by about 10 points.

For February, DataQuick found home prices grew in 34 of the 42 counties on a monthly and quarterly basis.

The Federal Housing Finance Agency (FHFA) reported an increase in its measure of average mortgage interest rates for February.