Tag Archives: Service Providers

MortgageFlex Systems, Inc., a leading provider of loan origination and servicing technology, is growing its implementation team with the addition of two new professional services team members.

The Office of the Comptroller of the Currency (OCC) announced that Comptroller Thomas J. Curry has been named chairman of the Federal Financial Institutions Examination Council (FFIEC) for a two-year term.

Construction spending rose 1.2 percent month-over-month in February, according to the Census Bureau. Spending rose both in the public and private sectors. On an annual basis, construction spending was up 7.9 percent in February, reaching an annual rate of $885.1 billion. Combined, construction spending in January and February totaled $120.1 billion, which is 6.6 percent above the spending observed in the first two months of last year.

Bradford Technologies Inc. announced the launch of CompCruncher 3, the third generation of the technology "that introduced statistical analysis into collateral valuations."

Sometimes a story just fits--and sometimes it doesn't. Given that maxim, the explanation from the National Association of Realtors (NAR) for the drop in the Pending Home Sales Index (PHSI) for February has to be viewed with a jaundiced eye. According to the NAR, the PHSI dropped because of the low inventory of homes for sale. Of course, that wasn't offered as an explanation one month earlier, when the inventory of homes for sale dropped, and the PHSI increased.

New private mortgage insurance business dipped in February, according to a monthly statistics report from Mortgage Insurance Companies of America (MICA), a trade association representing the industry. The report includes statistical data from three MICA member companies: Genworth Mortgage Insurance Corporation, Mortgage Guaranty Insurance Corporation, and Radian Guaranty Inc.

Wingspan Portfolio Advisors, a diversified mortgage servicing company operating in the Dallas area, says lenders, servicers, and investors are leaving money on the table by not doing their homework on oil and gas leases.

After showing disappointing preliminary numbers, the final Thomson Reuters/University of Michigan Survey Index of Consumer Sentiment jumped to end March, according to the Surveys of Consumers group. The monthly index reached 78.6, coming in above February's reading of 77.6 and March 2012's reading of 76.2. Preliminary figures released mid-March showed an index reading of 71.8, and economists surveyed by Bloomberg came out with a median forecast of 72.6 for the month.

Jobs, consumer confidence, and the stock market have all been on the rise, and the manufacturing and service industries are experience growth "at a healthy pace," according to Fannie Mae.

Freddie Mac's total mortgage portfolio continued to shrink in February, contracting at an annualized rate of 4.1 percent.