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Tag Archives: FNC Inc.

High-Distress Markets Continue to Lead Recovery

Rising home sales and declining foreclosures drove Q3 home prices to the highest three-month increase since the national housing recovery began, FNC Inc. reports. The company says national home prices have risen 11 percent since the beginning of the recovery, a timestamp that FNC considers to be the start of 2012. Continuing to lead the way are the markets that saw the highest levels of distress in 2008 and 2009.

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Home Price Gains to Decelerate in Winter

August marks the 18th consecutive month of rising home prices, according to FNC's Residential Price Index released Tuesday, indicating an indisputable recovery. However, FNC, a mortgage industry technology provider, is detecting some deceleration in the recovery and declares, ""It is clear that the recovery remains uneven across the nation.""

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Refinances Decline, HARP Refis Still Higher Than Last Year in Q2

As mortgage rates climb, refinances are on the decline. However, refinances through the government's Home Affordable Refinance Program (HARP) remain elevated compared to last year's volumes, according to the Federal Housing Finance Agency's (FHFA) Refinance Report for the second quarter of 2013. HARP refinances totaled about 280,000 for the quarter, down slightly from about 290,000 in the first quarter of this year, FHFA reported.

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Urban Lending Solutions to Utilize New Appraisal Technology from FNC

Urban Lending Solutions Appraisals LLC (ULSA) recently licensed the use of new appraisal management software from FNC, a real estate information technology firm. ULSA is a subsidiary of Urban Lending Solutions, a provider of loan modification services, underwriting, valuations, and other real estate information solutions in the mortgage business.

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FNC Study Takes Closer Look at Foreclosure Data

Recent data released by FNC reveals that 2008 and 2009 were the worst in terms of market distress, with more than 25 percent of foreclosed properties liquidated at a more than 40 percent discount. The data reveals that since then, only the bottom quartile of foreclosure sales have been so discounted. The remaining 75 percent has seen modest improvement. The company says the way it measured the data used for the study gives a more precise look at the impact of discounts in distressed areas.

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FNC Inc. Partners with Integrated Asset Services

Mortgage technology firm FNC Inc. recently announced that it is partnering with Integrated Asset Services (IAS), a provider of collateral valuation and management services. The joint venture will offer FNC's servicing clients the option to procure more precise, next-generation real estate valuations, allowing users to formulate their property disposition strategies based on real estate value trend lines, the company explained.

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