Real Estate Mortgage Network Inc. (REMN) has welcomed Lisa Marra to their growing Columbia, Md View original post here: REMN Adds Lisa Marra as Area Renovation Sales Manager … [Read more...]
Lawmaker: Is the FHA Broke?
February 28, 2012 by
The acting commissioner for the Federal Housing Administration fended off continuing concerns about the agency’s fiscal solvency Tuesday during testimony to the House Financial Services Committee. Visit link: Lawmaker: Is the FHA Broke? … [Read more...]
Home Prices end 2011 at lowest level since 2002
February 28, 2012 by
Data through December 2011, released by S&P Indices for its S&P/Case-Shiller Home Price Indices shows that all three headline composites ended 2011 at new index lows. The national composite fell by 3.8 percent during the fourth quarter of 2011 and was down four percent versus the fourth quarter of … [Read more...]
FDIC-Insured Institutions Earn $26.3 Billion in Q4
February 28, 2012 by
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $26.3 billion in the fourth quarter of 2011, a $4.9 billion improvement from the $21.4 billion in net income the industry reported in the fourth quarter of 2010. This … [Read more...]
FHA Raises Insurance Premiums to Shore Up Mortgage Fund
February 28, 2012 by
The Federal Housing Administration said Monday that it would lift premiums for lenders of single-family mortgages in line with a stipulation under the payroll tax cut extension last year. Acting FHA Commissioner Carol Galante said the agency would raise the annual mortgage insurance premium by 0.10 … [Read more...]
Severn Promotes Senior Leader to CFO
February 28, 2012 by
Community financial institution, Severn Savings Bank has named a new chief financial officer. The Maryland-based bank recently promoted Stephen W. Lilly to the leadership role. Read the article: Severn Promotes Senior Leader to CFO … [Read more...]
Pending Home Sales Reach Highest Mark Since April 2010
February 27, 2012 by
Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR). The Index is a forward-looking indicator based … [Read more...]