Florida's housing market had more new listings, an increase in median prices, and an uptick in inventory in May, according to Florida Realtors. Completed sales of single-family homes totaled 23,013 across the state, an increase of 3.6 percent over the May 2013 figure.
Read More »VRM Mortgage Services and PCV Murcor Recognized for Diversity
DiversityBusiness.com, the nation's leading multicultural social media site, recognized VRM Mortgage Services (VRM) and PCV Murcor (PCV) as two of the nation’s "Top Businesses" for 2014. The award recognizes and honors individuals who have established themselves as a world-class community of entrepreneurs.
Read More »Foreclosure Inventory Continues to Shrink in May
Black Knight Financial Services released its "First Look" at May Mortgage data, which found that foreclosure inventory declined to its lowest level since July 2008. As a percentage of total inventory, foreclosure pre-sale inventory is 1.91 percent, down 5.56 percent month-over month.
Read More »Home Prices Increase 6% in May
In its May 2014 Residential & Foreclosure Sales Report, RealtyTrac reported that U.S. properties sold at an estimated annual pace of 5.1 million in May. The pace of sold homes remained virtually unchanged from April, with a small increase of less than 1 percent from May 2013.
Read More »FHFA: April Refinance Volume Similar to 2008
The Federal Housing Finance Agency (FHFA) released its latest Refinance Report, examining data as of the end of April 2014. The FHFA found that overall refinance volume rose slightly in April, but remained at levels more comparable to those seen in 2008.
Read More »USRES Welcomes New National Sales Representative
USRES, a provider of management solutions for real estate assets, has named Neal Caudle national sales representative.
Read More »Realtor.com Still Sluggish Amidst DDoS Attack
Move, Inc., reported that it is continuing to combat the distributed denial of service (DDoS) attack which has interrupted its websites' operations since mid-day June 17. The company said in a release that they are "working around-the-clock" to mitigate the attack and restore operations.
Read More »FHFA Announces $99.5M Settlement with RBS
The Federal Housing Finance Agency (FHFA), functioning as the conservator for Freddie Mac, announced a settlement with RBS Securities, Inc. RBS will pay $99.5 million, resolving claims against RBS in FHFA v. Ally Financial Inc.
Read More »Former Fannie Mae CEO Joins Prospect Mortgage
Prospect Mortgage announced the appointment of Michael J. Williams as Prospect's new CEO. Williams will lead Prospect into its next phase of growth by leveraging his experience within the mortgage finance industry.
Read More »Ellie Mae: Refinances Decline Slightly in May
Ellie Mae released its Origination Insight Report for May, analyzing data from over 3.5 million loan applications that ran through Ellie Mae’s Encompass mortgage management solution. The company found that refinances declined slightly for the month to 33 percent of all loans, down from 37 percent in the previous month.
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