Tag Archives: Service Providers

Carrington Mortgage Services' Wholesale Lending Division announced it has added 14 professionals to its sales staff to better provide in-market services to brokers and borrowers.

U.S. property values went into spring continuing the growth trend that started a year ago, according to FNC's Residential Price Index (RPI) for February. The index, based on recorded sales of non-distressed properties (both new and existing homes) in the 100 largest metropolitan statistical areas (MSAs), recorded a 28-month high after rising for 12 consecutive months. Yearly, the index was up 6.1 percent--its fastest gain since July 2006. Month-over-month, the index was up 0.2 percent.

Capsilon announced it has merged its Katalyst and DocVelocity imaging systems into a combined offering.

Deloitte's Consumer Spending Index, which tracks consumer cash flow as an indicator of future spending, remained largely on a steady course in March as the economy stabilized. The company reported an index reading of 4.12 for March, down a bit from 4.37 the previous month. While March's reading was a bit of a dip, Deloitte notes the index has remained fairly steady over the past five months, remaining above the 4.0 mark while wages, home prices, and unemployment claims find steadier ground.

Mortgage Daily tracked a total of 15 mortgage-related business closings in the first quarter of 2013, putting the year on pace to see the fewest number of mortgage banking failures in seven years. While Q1's casualty rate was greater than Q4 2012 (when 13 businesses shut down or collapsed), it's an improvement over Q1 2012, which saw 27 total closings. At the current pace, Mortgage Daily forecasts around 60 mortgage-related closings this year, down from 83 last year and the lowest level since 2006.

In Scottsdale, Arizona, V.I.P. Mortgage, Inc., announced its recent selection into Genworth U.S. Mortgage Insurance's (USMI) exclusive Leadership Circle.

Mortgage Contracting Services LLC (MCS), a Texas-based provider of property preservation, inspections, and REO property maintenance to the financial services industry, named Ken Scheller as VP of operations.

Housing starts jumped 7.0 percent in March to a seasonally adjusted annual rate of 1,036,000, the Census Bureau and HUD reported jointly Tuesday. Multifamily starts (which increased 31.1 percent) accounted for all of March's gains, while single-family starts actually declined 4.8 percent. While the trajectory for both starts and permits shows a clear increasing pattern as the recovery marches on, residential construction activity remains far below pre-recession levels.

ValuTrac Software and Platinum Data Solutions announced they have entered into a partnership to integrate ValuTrac Pro into Platinum's RealView.

Commercial real estate (CRE) prices ticked up slightly in February, according to the Commercial Property Price Indices (CPPI) released by Moody's Analytics and RCA.