Capstone Institute launches style and image development division

Dec 11, 2006

Calyx and First Title announce integrationMortgagePress.comLoan origination software Calyx Software and First Title & Escrow Inc. have announced an agreement to make First Title one of the two title vendors on the Calyx DirectConnect platform. When completed, the MISMO interface-based integration will allow Calyx Point loan origination system users to transmit title and closing orders directly from their Calyx Point desktops. San Jose, Calif.-based Calyx Software is a developer of software designed for mortgage brokers and direct lenders. For more information, call (800) 362-2599 or visit www.calyxsoftware.com. Rockville, Md.-based First Title & Escrow Inc. is a provider of title and closing services to mortgage lenders and brokers. For more information, call (866) 484-8537 or visit www.firsttitleservices.com.

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Dec 11, 2006

Regulation and Compliance

Bank Mergers Face Additional Scrutiny By FDIC

FDIC considers small businesses and residential loan originations when evaluating a merger’s competitive effects.

Bank mergers are expected to face increased scrutiny after the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a Final Statement of Policy (Final SOP) to its Bank Merger Transaction guidelines, finalized on September 17. The board also voted 3-2 i...

Analysis and Data

NAR Reports August Sales Slump, Aligning With Broader Industry Data

August sales dip, but analysts eye year-end comeback with lower rates and rising supply

Although existing-home sales fell again in August, lower mortgage rates and rising supply could propel a resurgence before the year ends. Existing-home sales retreated 2.5% in August to a seasonally adjusted annual rate of 3.86 million, sliding 4.2% from one year ago, th...