National foreclosures decrease 16 percent in Q2

National Mortgage Professional

Nov 19, 2006

National industry appointments update - 11/30/2006MortgagePress.comMortgage industry positions - ComplianceEase has promoted David Girling to president and CEO. - Lendia Inc. has hired Alex Wu as a Java developer. - New Century Financial Corporation's retail lending subsidiary Home123 Corporation has hired Ralph P. Melbourne as senior vice president, Retail Consumer Direct Division.

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Nov 19, 2006

Analysis and Data

Monthly Rental Costs Increase Putting Strain on Renters

Realtor.com reported Thursday that the median rent price hit $1,827 in April.

The relentless rise in the cost of rent continued in April with the 14th consecutive month of record setting prices. Realtor.com reported Thursday that the median rent price hit $1,827 in April, highlighting the affordability struggles reported by renters. “April data illu...

Industry News

Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

According to a new report by Redfin, the typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking out an adjustable-rate mortgage. That’s the largest savings in dollar volume for adjustable-rate mortgage (ARM) holders since at l...