TeraVendo releases free loan origination software

Jul 31, 2006

No Red Tape to double sales staffMortgagePress.comJumbo wholesale mortgage lenders, No Red Tape Mortgage No Red Tape Mortgage is doubling its sales staff with plans for nationwide coverage to better reach its broker customer base. The company is poised to grow despite a shrinking marketplace and layoffs across the industry. In March, No Red Tape Mortgage experienced a more than 35 percent increase in funding volume over February's totals. In 2005, the firm funded $3 billion in loans, an almost 60 percent increase in volume from 2004 and a company record. No Red Tape Mortgage is a jumbo wholesale mortgage lender based in Sherman Oaks, Calif. For more information, call (800) 300-9017 or visit www.noredtape.com.

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Jul 31, 2006

Analysis and Data

It's A Buyers' Market In Texas And Florida

Redfin says sellers are cutting their asking prices in Florida and Texas.

Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers. A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...

Analysis and Data

Pending Home Sales Climbed 3.4% In March

National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest

Homes under contract are rising at a cautiously hopeful pace this spring. The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%. “March's Pending Home Sales Index – at...