Home » November 30th, 2010
Entries posted on “November, 2010”
@DataQuick: Phoenix Area October Home Sales
Phoenix Region October Home Sales Phoenix-area home sales dropped to the lowest level for an October in 15 years, dragged down by extraordinarily-low new-home transactions, the snail’s-pace economic recovery and the market lull created by the now-expired home buyer tax credits. The region’s overall median sale price fell below the year-ago level for the fourth [...]
Las Vegas Metro Area October Home Sales
Las Vegas region home sales fell sharply in October as the weak economy, concerns about job security and the hangover effect from the home buyer tax credits took their toll on demand. The overall median sale price fell nearly 4 percent from a year ago to its lowest level in more than 12 years, a [...]
Loan Officer Compensation – Other Ways to Pay
The jury (and judge) are still “out” when it comes to Dodd-Frank and what’s going to happen to loan officer compensation. I’ve heard that mortgage companies are changing they pay structures as you read this. So, let me count the ways:
Bay Area Home Sales Fall Sharply; Median Price Dips Below Last Year
La Jolla, CA —-Bay Area homes sold at the second-slowest pace for an October in more than two decades, the result of lost government stimulus, tight credit for pricier homes and lingering concerns about jobs and the economy. The region?s median sale price fell on a year-over-year basis for the first time in 13 months, [...]
Federal Government Takes Positive Step in Protecting Consumers, MU Payday Lending Expert Says
Brenda Procter, a payday lending expert from the University of Missouri, says that while payday lending has become a serious concern across the country, the creation of the Consumer Financial Protection Board shows that the federal government is taking action to help fix the issue. COLUMBIA, Mo. ? This week, the U.S. Treasury Department announced [...]
Ellie Mae Launches Encompass Assured GFE Service
New service powered by Closing.com enables users to create Good Faith Estimates with real-time fees backed by a compliance guarantee, directly from Encompass360? PLEASANTON, CA and LA JOLLA, CA ? November 17, 2010 ? Ellie Mae
Iwayloan, L.P. Announces New Name
Company to be known as ?America?s Choice Home Loans? Houston, TX ? Iwayloan, L.P. announced today that it will now be known as ?America?s Choice Home Loans.?
What Is Stopping Loan Modifications?
By December 2009, lenders owned over one million foreclosed homes, but permanent loan modifications only reached 65,000, creating a renewed surge of outrage over the apparent unwillingness of lenders to offer alternatives to foreclosure. Why aren’t lenders rushing to embrace loan modifications when they yield a better outcome for the lender than foreclosure? It would [...]
Southern California Home Sales Fall, Prices Flat @dataquick
La Jolla, CA—Southern California home sales dropped in October to their lowest level in three years amid doubts about the drawn-out market recovery, tight mortgage lending policies and expired government incentives. The median price paid for a home rose on a year-over-year basis for the 11th consecutive month, but at this year?s slowest pace, a [...]
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