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Tag Archives: Fiserv

Fiserv: Home Prices Growing at a ‘Normal’ Pace

The housing market is seeing prices appreciate at a normal pace, with further growth expected in the next five years, according to Fiserv Inc. From Q3 2011 to Q3 2012, home prices rose by 3.6 percent, the Fiserv Case-Shiller Indexes revealed. Furthermore, Fiserv predicts a 0.6 percent increase in home prices from Q3 2012 to Q3 2013. The gains are expected to continue into the next 5 years, with prices projected to grow at an annualized rate of 3.3 percent from Q3 2012 to the Q3 2017. When excluding gains from the 2009 and 2010 home buyer tax credits, Fiserv noted 2012 was the first positive year for home prices and home sales volumes.

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Fiserv Projects Home Price Growth into 2017

The latest numbers from the Fiserv Case-Shiller Indexes show that the housing market may finally be on solid footing again. Average U.S. home prices increased by 1.2 percent in Q2 2012 from the same quarter last year. The year-over-year increase is the first since 2006 when excluding 2010, which was influenced by the federal homebuyer's tax credit. Fiserv projects that housing prices will grow annually at a rate of 3.3 percent from mid-2012 through Q2 2017.

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Fiserv Forecasts HPI Growth for Next Two Years

Shrinking inventory and shifts in sales composition have provided a foothold for housing prices to start climbing, according to Fiserv, Inc. The company released its Case-Shiller Home Price Insights Monday, showing that after six years of decline, home prices are finally starting to stabilize. Prices increased in 40 percent of the surveyed 384 metro areas in the first quarter of 2012, and the report showed that it's actually cheaper to buy than rent in many U.S. markets.

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Fiserv Expects Home Prices to Stabilize This Year Despite Price Declines

Analyzing the housing market through the perspective of 384 markets, Fiserv Case-Shiller Indexes pointed to a slow, but steady pace toward recovery after dramatic price declines. According to the Fiserv indexes, in the fourth quarter of 2011, home prices in 70 of the 384 metro areas tracked were either unchanged or had increased compared to the same quarter a year ago. Also, 122 of the metros saw prices decline by less than 2 percent. On the other hand, nearly one-half of the metro areas, or 191, saw prices decrease by more than 2 percent.

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Fiserv Announces Cliff Skelton As Executive VP and CIO

Fiserv, Inc. hired Cliff Skelton to join the company as executive VP and CIO as of April 16, 2012. Skelton's appointment follows the leadership of Maryann Goebel, who will serve as an advisor to the company until her retirement on July 1, 2012. In this role, Skelton will be oversee global information technology infrastructure and operations, enterprise architecture, technology governance, and programs aimed at increasing the efficiency and effectiveness of the company’s technology platforms.

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Growth Leads Heartland to Use LoanServ

Heartland Financial will now use LoanServ for its loan servicing needs. LoanServ is an online, real-time loan servicing solution from Fiserv Inc., which made the announcement. As Heartland's volume increased, the company decided to make the switch since its loan servicing needs became more complex.

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Don’t Expect Rise in National Home Prices Until 2013: Fiserv

Fiserv is forecasting average U.S. home prices to fall by another 2.7 percent through the third quarter of 2012, before rising 3.8 percent by the third quarter of 2013. The company says the monthly mortgage payment for the median-priced U.S. home has dropped to $640, nearly 45 percent below the peak of the housing bubble. This improvement in housing affordability is expected to drive sales activity going forward, and while not enough to change Fiserv's predictions for the direction of prices at the national level, the company does foresee notable improvements in select markets.

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Fiserv Prepares Mortgage Servicers for Changes to Bankruptcy Rules

In conjunction with the changes to the Federal Rules of Bankruptcy Procedure (FRBP) which go into effect on December 1, Fiserv, Inc. announced Wednesday that its LoanServ solution offers the capabilities to help ensure mortgage servicers remain compliant amidst evolving regulations. The rules amend the procedures and policies for servicing loans in bankruptcy and aim to enhance transparency in the process. FRBP governs the filing of proofs of claim and notice issues related to payment changes, post-petition fees, and other accuracy checks related to servicer actions.

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Fiserv: Home Prices Will Continue to Fall into 2012

In the second quarter of 2011, single-family home prices fell 5.9 percent on an annual basis, according to the latest national Fiserv Case-Shiller home price indexes released Wednesday. This continuation of the double-dip that started in 2010 is not the end, according to Fiserv. In fact, the company predicts prices will continue to fall into the coming year -- dropping another 3.6 percent by the first half of 2012. However, Fiserv does see a light at the end of the tunnel.

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