Tag Archives: Company News

Lack of housing inventory and rising home prices prove to be favorable conditions for flippers.

The Appraisal Foundation, an organization that sets Congressionally-authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals, has announced that Uniform Standards of Professional Appraisal Practice guidance will ...

Aspen Grove Solutions (AGS), a provider of property centric technology solutions to the financial and mortgage services industry, has announced that the company is adding Brookstone Management, LLC to their list of clients. A national repair contractor headquartered in New ...

Nationwide Title Clearing (NTC), a privately-owned leading research and document-processing service provider for the nation’s largest financial institutions, investors, and servicers, has announced that users of its proprietary Final Documents Process were enjoying competitive advantages over other firms.

Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced that they’ve hired housing industry veteran Drew Foy as its newest customer support representative.

First time claims for unemployment insurance for the week ended May 4 dropped 4,000 to, 323,000, again the lowest level in more than five years the Labor Department reported Thursday. Economists expected initial claims to increase to 335,000. First time jobless claims for the week ended April 27 were revised up to 327,000 from the originally reported 324,000.

RealtyTrac reported Thursday that foreclosure filings were brought against nearly one million properties during the first three months of 2010. That's a seven percent increase from the previous quarter, and equates to one in every 138 homes in the United States. RealtyTrac noted, though, that bank repossessions were the highest the company has every documented - perhaps evidence that lenders are starting to make a dent in the backlog of distressed inventory that has built up over the last year.

With home prices dropping in key market areas like California and Florida, eight banks are facing additional stresses within their loan portfolios due to the eruption of home equity delinquency rates, according to a new report from Fitch Ratings.