First-time claims for unemployment insurance fell 26,000 for the week ended July 6 to 350,000 the lowest level since March 2008, the Labor Department reported Thursday. The prior week's total was revised up to 376,000 from the originally reported 374,000.
Read More »FICO and CoreLogic Introduce Predictive Mortgage Credit Score
CoreLogic and FICO joined forces to create a consumer credit risk score that is expected to improve how lenders makes decisions and boost the number of mortgage loans made.
Read More »Realis Real Estate Launches ‘Full Default’ Package
Realis Real Estate Software announced Tuesday the release of a new software combining its previous releases to create a full solution for agents in the default real estate industry.
Read More »Zillow’s RentJuice Launches Android App
RentJuice: announced Tuesday the launch of its app for the Android platform, allowing more rental professionals to better communicate with clients and streamline content sharing while out of the office.
Read More »Genworth Announces Enhancements to Online Customer Experience
The U.S. Mortgage Insurance (USMI) unit of Genworth Financial, Inc., announced Monday that it has made enhancements to its customer-facing website. The enhancements are designed to reduce the time and data entry required to submit a full-service loan package.
Read More »Nation Adds a Weak 80,000 Jobs in June, Unemployment Rate Flat
The nation added 80,000 jobs in June, making job growth in the second quarter 225,000 - the weakest quarterly gain in jobs since the third quarter of 2010 when the economy lost 136,000 jobs. The closely watched unemployment rate remained at 8.2 percent, unchanged from May.
Read More »GDP Growth at 1.9% in Q1 as Expected
The US economy grew at an annual rate of 1.9 percent in the first quarter, the Bureau of Economic Analysis reported Thursday in its third estimate of economic performance in the first quarter. The BEA report was consistent with market expectations but emphasized a moribund economy.
Read More »Initial Jobless Claims Down from Prior Week, Still High
First time claims for unemployment insurance fell to 387,000 for the week ended June 23, from the prior week's 392,000, (revised from the originally reported 387,000) the Labor Department reported Thursday. Economists had expected the report would show 386,000 initial claims.
Read More »Radian Expands Mortgage Insurance, Jumbo Loan Programs
Radian Guaranty Inc. announced Monday that it is opening up new rates for high loan-to-value (LTV) loans and expanding its non-agency jumbo loan program.
Read More »HLP Launches Online Portal for Foreclosure Mediation
Together with GMAC Mortgage and the state of Maryland, HLP created the Portal as a way to ease the process by which homeowners can opt in for Maryland's foreclosure mediation program. Before now, homeowners have had to submit paper copies of documents to the state's Office of Administrative Hearings. With the added option of electronic submission through the Portal, it is hoped that more homeowners will take the step to opt in for mediation.
Read More »