More homebuyers are scooping up properties with cash only, even in an environment for record-low mortgage rates, according to a recent survey. Campbell Surveys and Inside Mortgage Finance jointly released the HousingPulse Tracking Survey, collecting responses from about 2,500 real estate agents … [Read more...]
Wells Fargo Names New Non-Agency Home Loan Positions
February 27, 2012 by
Wells Fargo recently announced that company veterans Brad Blackwell and Greg Gwizdz will take up new positions for the lending division responsible for non-agency mortgages. Visit site: Wells Fargo Names New Non-Agency Home Loan Positions … [Read more...]
LendingTree Launches New Predictable Volume Program
February 27, 2012 by
Lenders participating in LendingTree's network have a new platform to help raise lead volume. The national online lending exchange recently launched the Predictable Volume Program for qualified network members. Visit link: LendingTree Launches New Predictable Volume Program … [Read more...]
New Home Sales Fell Slightly in January
February 24, 2012 by
New home sales fell 0.9 percent in January, declining from 324,000 in December to a seasonally adjusted annual rate of 321,000. The Commerce Department found that the new home sales from January reflected a 3.5-percent increase year-over-year, up from a seasonally adjusted annual rate of 310,000. … [Read more...]
Connecticut to Get $190M from Servicer Settlement
February 21, 2012 by
Residents of Connecticut will receive $190 million from the historic $25-billion settlement with five servicers, according to the office of the state attorney general. Excerpt from: Connecticut to Get $190M from Servicer Settlement … [Read more...]
ISGN Launches New IT Services Division
February 20, 2012 by
Rolling out a new information technology services division, ISGN Corporation is expanding its services to companies in the mortgage industry. ISGN's recently launched IT Services Group will assist mortgage companies across the entire spectrum of the marketplace, providing comprehensive support for … [Read more...]
Payroll Tax Cut Extension Forgoes G-Fee Hike
February 17, 2012 by
After months of wrangling, the House and Senate passed a permanent payroll tax cut extension Friday without imposing controversial guarantee fees for lenders with government-backed mortgages. The House passed the bill, reportedly worth $100 billion, by a margin of 293 to 132 before the Senate … [Read more...]
JKHY’s Symitar Division Boosts Credit Union Services
February 17, 2012 by
The technology division of Jack Henry & Associates, Inc. (JKHY), is experiencing an uptick in interest from credit unions, announcing that more than 16 existing credit union clients have recently opted to engage the company's outsourcing module through JKHY's Symitar unit. JKHY's Symitar division … [Read more...]