Residential

Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders.   The Folsom, Calif.-based lender has hired Diane Cimarusti-Galigher, a former Senior Vice President at BD Holdings, as the Division’s Regional Builder Manager for... Keep Reading....
The Federal Housing Finance Agency (FHFA) has reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 4.08 percent based on loans closed in February.... more
Veros Real Estate Solutions has announced its VeroFORECAST real estate market forecast for the 12-month period from March 1, 2012 to March 1, 2013. The quarterly report shows that the recovery in the housing market is forecast to accelerate. The national home price index (HPI) forecast improved... more
What trends will shape the mortgage foreclosure landscape in 2012? As I look towards the next 12 months, I’m expecting that the most influential trend will be a recent Connecticut Supreme Court ruling that could have a significant impact on who can sue to foreclose. As the foreclosure defense... more
Mortech Inc. has announced the addition of MarksmanLMP’s Credit Reporting Engine, a new feature that allows access to a full credit report without leaving the lending management platform and is now available to all MarksmanLMP users. "This capability gives loan officers the ability to accurately... more