Nationwide Title Clearing (NTC) met with members of Congress and their staff on April 19 to discuss residential mortgage industry issues and to offer the company’s support as a resource.
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for: ‘News’
MBA: Delinquencies and Foreclosure Starts Down, Inventory Up Slightly
On a national level, delinquency rates and foreclosure starts decreased on a quarterly and yearly basis in the first quarter of 2012, with foreclosure inventory the exception, which increased slightly compared to the previous quarter, according to the …
Housing Permits Drop, Starts Increase; Permits Hit 15-Month Low
Housing permits dipped in April for the first time in four months, the Census Bureau and Department of Housing and Urban Development reported jointly Wednesday but housing starts improved. Both indicators remained far above year-earlier levels. The mon…
Average U.S. Households Almost Out of Financial Distress
The Consumer Distress Index, published by CredAbility, found the average U.S. household is under less financial stress these days, most likely due to factors such as added jobs and the mild winter weather this year. Overall, U.S. households scored 69.9…
OpExNow Hires Partner and Managing Director
OpExNowis announced the hiring of Stephen Faulkner as managing director of strategic business development and partner for the firm.
With ResCap Deal, Ally Shifts From Home Loans to Auto Loans
After suffering from bad loans during the financial crisis, Ally Financial looks to close the books on its share of ownership in the mortgage business. Executives with Ally took to the phone with investors Tuesday to explain a filing for bankruptcy pro…
Housing Recovery to Occur in Two Phases: Demand Institute
The housing recovery will come in two phases. First, home prices will rise by just under 1 percent in the second half of 2012. In 2013, prices will rise by 1.5 percent, then go up another 2.5 percent in 2014. For the second phase, home prices will incr…
Pro Teck Valuation: Home Listings Drop 21 Percent Nationwide
Nationwide, the number of homes listed for sale has fallen 21 percent from a year ago, according to Pro Teck Valuation Services’ May Home Value Forecast. Also, the forecast reported Months of Remaining Inventory (MRI) is at 6.3 months, which is the low…
Barclays Advocates Short Sales to Lower Loss Severities
With vacant homes stretching the capacity of banks’ balance sheets and homebuyer demand lackluster at best, short sales are becoming a top loss mitigation choice for private lenders and investors, particularly in especially hard-hit markets. According …
Builder Confidence Up to Five-Year High in May
Builder confidence jumped five points in in May to 29, its highest level since May 2007, the National Association of Home Builders reported Tuesday. Economists had expected the index to edge up to 26 in May. The month-month increase was the largest sin…
