NovaStar Mortgage to purchase retail assets of Oak Street Mortgage

Oct 09, 2006

Mortgagebot named to 2006 MortgagePress.comMMAC Council of Small Business Executives Future 50 The Metropolitan Milwaukee Association of Commerce Council of Small Business Executives has named Mortgagebot LLC to the 2006 Future 50 list. The list recognizes area companies that have achieved growth in both revenue and employment. This is the second year Mortgagebot has received the honor. "This recognition can really be attributed to our associates and business partners, who have made our growth possible," said Mortgagebot President and CEO Scott Happ. "To be named for the second year is significant, because it confirms Mortgagebot's continued progress in our markets and underscores the viability of high technology businesses in the Milwaukee area." Mequon, Wis.-based Mortgagebot LLC is a provider of Internet-based loan origination solutions for the mortgage lending industry. For more information, call (888) 268-5220 or visit www.mortgagebot.com.

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Oct 09, 2006

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's 693,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of Housing...

Analysis and Data

Home Price Growth Expected To Remain Stagnant

Redfin Home Price Index shows 0.6% growth month-over-month

Redfin’s latest Home Price Index (HPI) echoed the findings of other HPIs reflecting quarter-one data, with prices remaining on a slight incline across the U.S. Home prices climbed 0.6% nationally in March on a seasonally-adjusted basis, matching February’s 0.6% month-over...