Archive for » July 17th, 2012«

Adjustable Rate Mortgages 101 for Consumers

(TheNicheReport) — Adjustable rate mortgages, also known as ARMs, are mortgages with an interest rate that are linked to a particular economic benchmark.  As that index changes, your payments and interest rates may go up and down.  The economic benchmark functions as a guide to measure interest rate changes.  Usually they correspond to Treasury securities, [...]

Why You Need Replacement Cost Insurance for Your Home

(TheNicheReport) — Replacement cost insurance can cost a homeowner a little more in premiums every month, but it is probably one of the best types of insurance coverage for any homeowner who needs peace of mind.  Typically, when a home is damaged by a natural disaster or a crime, most home owner’s policies will pay [...]

Dataquick: Southland Home Sales Up From Year Ago; Median Price Climbs to $300K

(Dataquick) — La Jolla, CA—The number of homes sold in Southern California rose above a year earlier for the sixth month in a row in June, the result of robust investor demand and significant sales gains for mid- to high-end homes. The continuing pattern of fewer foreclosures re-selling and more activity in pricier coastal counties [...]

ULS CEO Receives Award, Company Named on Black Enterprise 100 List

Urban Lending Solutions (ULS) announced two recognitions in June for its work in the mortgage industry.

Two Interthinx Products Earn SecureInfo Recommendation

Two products from Interthinx earned a National Institute of Standards and Technology (NIST) certification recommendation from SecureInfo.

Homebuilders Most Confident in More Than 5 Years

(CNBC) — Homebuilders today are feeling more confident than they have in more than five years. Recent earnings reports from the big public builders have shown spikes in new orders for single family homes, and competition from foreclosures has eased as banks try to modify more troubled loans. Homebuilder sentiment jumped six points in July [...]

Process Serving Standards Summit Asks for Comment on Standards Draft

Attendees of the Process Serving Standards Summit held in Denver July 10-11 made public a draft of standards that is now available for a comment period ending August 15.

When Foreclosure Affects Children

Researchers from the Children's Hospital of Philadelphia are saying that children may actually suffer the most from foreclosure. According to a study conducted by CHOP's PolicyLab and published Monday in the journal Pediatrics, there is a strong relati...

Walmart’s Positive Impact on Home Prices: NBER

Despite Walmart's ubiquity and popularity, the retailer faces local opposition when attempting to build a new store because opponents argue that the store, known for low prices, also lowers home prices in the area. A study from the National Bureau of E...

InCharge Debt Solutions and Freddie Mac Partner for Borrower Help

Florida-based InCharge Debt Solutions announced Tuesday a partnership with Freddie Mac to create InChargeDebt Solutions/Freddie Mac Borrower Help Network which will provide educational and informational assistance to struggling homeowners with Freddie ...

NeighborWorks America Creates Wisconsin Alliance

NeighborWorks America, a congressionally chartered nonprofit corporation, launched Thursday the NeighborWorks Alliance of Wisconsin, an agreement between six regional housing and community development organizations "dedicated to improving housing oppor...

Homeownership Rate Likely to Continue Falling: Capital Economics

For the first quarter of 2012, the Census Bureau reported the homeownership rate dropped to 65.4 percent, which was a yearly (66.4 percent) and quarterly drop (66.0 percent). Even more significant was the fact that the drop was a 16-year low from when...

Hopp Law Firm’s Colorado Team Gains New Managing Attorney

The Hopp Law Firm announced Tuesday that Stacy Stein, Esq. has joined the firm's Colorado team as managing attorney for the Asset Recovery Group.

Digital Risk Taps Former Fannie Mae Exec for EVP Position

Digital Risk announced Tuesday that a former Fannie Mae officer joined the company as EVP of client solutions.

OCC Announces Pick for Deputy Comptroller

The Office of the Comptroller of the Currency (OCC) announced Tuesday that Donna Deale was named deputy comptroller for thrift supervision.

Mortgage Defaults Down in June, Index Reveals

An already positive trend in mortgage defaults continued through the month of June, according to data released Tuesday in the S&P/Experian Consumer Credit Default Indices. The data shows that most loan types-including bank card and first and second mor...

Mortgage Defaults Down in June, Index Reveals

An already positive trend in mortgage defaults continued through the month of June, according to data released Tuesday in the S&P/Experian Consumer Credit Default Indices. The data shows that most loan types-including bank card and first and second mor...

Mortgage Defaults Down in June, Index Reveals

An already positive trend in mortgage defaults continued through the month of June, according to data released Tuesday in the S&P/Experian Consumer Credit Default Indices. The data shows that most loan types-including bank card and first and second mor...

Mortgage Defaults Down in June, Index Reveals

An already positive trend in mortgage defaults continued through the month of June, according to data released Tuesday in the S&P/Experian Consumer Credit Default Indices. The data shows that most loan types-including bank card and first and second mor...

Builder Confidence Soars to 5-Year High in July

Builder confidence jumped six points in July its highest level since March 2007, the National Association of Home Builders (NAHB) reported Tuesday. Economists had expected a modest one point increase in July. The six point gain to 35 was the largest mo...

Builder Confidence Soars to 5-Year High in July

Builder confidence jumped six points in July its highest level since March 2007, the National Association of Home Builders (NAHB) reported Tuesday. Economists had expected a modest one point increase in July. The six point gain to 35 was the largest mo...

Builder Confidence Soars to 5-Year High in July

Builder confidence jumped six points in July its highest level since March 2007, the National Association of Home Builders (NAHB) reported Tuesday. Economists had expected a modest one point increase in July. The six point gain to 35 was the largest mo...