Headlines

In a report released Tuesday by S&P Dow Jones Indices and Experian, data from the S&P/Experian Consumer Credit Default Indices revealed a decline in default rates during the month of January. The Indices are a comprehensive measure of changes in consumer credit defaults. The Indices are calculated based on data extracted from Experian's consumer credit database.

Auction.com and the National Association of Hispanic Real Estate Professionals (NAHREP) are joining forces to advance sustainable Hispanic homeownership. Hispanic homebuyers are the largest segment of new homebuyers nationwide.

The LOGS Network announced Friday that Adam Hansen has joined the executive team as Chief Information Officer. Hansen has more than 20 years of experience in leading complex technology organizations, the broad majority spent in the legal services arena.

Using 3rd party vendors to manage risk and process is essential to originating mortgage loans in the new environment of regulation and compliance. Joining the broadcast today to discuss strategies, impact and evolution of 3rd party services are three senior ...

Potestivo & Associates, P.C. announced Monday the hiring of Noel J. Ravenscroft. He will serve as an associate attorney in the Rochester Hills office. Ravenscroft will primarily serve the firm's Landlord/Tenant Department. He began his career at Potestivo & Associates in 2012 as a law clerk.

Zilllow Mortgage Marketplace, a lending service operated by the home listing website Zillow, announced new mortgage rates Tuesday. Currently, the mortgage rate for a 30-year fixed mortgage is 4.18 percent, according to the release. The rate hovered between 4.17 and 4.21 percent before spiking on Wednesday to 4.27 percent. Mortgage rates eventually came down, dropping to the reported 4.18 percent on Thursday.

Cold weather across the nation caused more than long commutes and cancelled school. How did the frigid temperatures affect homebuilder confidence? A new report from the National Association of Home Builders noted a few key metrics about new home construction this month.

In a report released Tuesday, the Federal Reserve Bank of New York noted that aggregate consumer debt rose from last quarter, noting an increase of $241 billion dollars in the fourth quarter of 2013. The figure represents the largest quarter-to-quarter increase since 2007.

Bryan Lysikowski, CEO of ZVN Properties, Inc., announced that his firm has hired respected industry veteran, Lynn Effinger, to serve as EVP of business development. "We are extremely pleased that Lynn has joined the ZVN team,” said Lysikowski, co-founder of ...

LRES, a national provider of residential and commercial valuations and asset management for the mortgage, banking, credit union, and real estate industries, announced a new real estate owned (REO) operating model. The model is expected to increase efficiency and accommodate new clients.