Tag Archives: Service Providers

zIngenuity, a risk management and mortgage fulfillment services provider based in the Dallas area, has reinvented its website to align with its current services offerings, the company announced.

In a recent report, Jed Kolko, Trulia's chief economist, provided two reasons to explain the link between employment growth and housing.

In the first quarter of this year, Fannie Mae reported pre-tax income of $8.1 billion, the largest in its history.

The latest quarterly report from the National Association of Realtors (NAR) shows home purchasing power remained high in the first quarter even as median prices continued their upward trend. Nationally, the median existing single-family home price was $176,600, up 11.3 percent year-over-year--the strongest yearly price increase since the fourth quarter of 2005, when the national median price jumped 13.6 percent over the prior year.

Commerce Mortgage, a leading provider of mortgage services in the Western United States, announced the opening of its newest branch in Carlsbad, California.

After spending the last month approaching record lows, fixed mortgage rates reversed the trend this week. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.42 percent (0.7 point) for the week ending May 9, up from last week, when it averaged 3.35 percent. Last year at this time, the 30-year FRM averaged 3.83 percent. According to Frank Nothaft, VP and chief economist for Freddie Mac, the rise in fixed rates this week was a reaction to April's better than expected employment report.

LendingTree, an online source for competitive home loan offers, announced the official launch of a new advertising campaign which will run across all marketing channels, including television, radio, print, online, direct marketing, and social media.

A shortage of homes on the market hamstrung home touring activity in April, but buyers still seem determined to get their offers in, according to Redfin. The brokerage's Real-Time Demand Pulse--a monthly analysis of tour and offer activity from homebuyers across 20 U.S. markets--shows tour requests and signed offers posted stronger monthly gains in April than they did at the same time last year. However, a lack of available homes "softened touring strength somewhat."

First-time claims for unemployment insurance for the week ending May 4 dropped 4,000 to 323,000-- once again, the lowest level in more than five years, the Labor Department reported Thursday. Economists expected initial claims to increase to 335,000. First-time jobless claims for the week ending April 27 were revised up to 327,000 from the originally reported 324,000.

Many of today's would-be owners are woefully unprepared and misinformed when it comes to taking out a mortgage, Zillow discovered in a recent survey.