National industry appointments update - 1/11/2007

Jan 10, 2007

Hancock Bank offers disaster relief loanMortgagePress.comDisaster relief mortgage loans Hancock Bank has announced the availability of a disaster relief construction loan, to assist Gulf South homeowners in repairing or rebuilding homes in localities declared disaster areas by the federal government after hurricanes Katrina and Rita. The Hancock Bank Home Recovery Construction Loan allows a homeowner to borrow up to 103 percent of the appraised value of his home. It requires no down payment and allows for construction periods of up to 187 months, during which borrowers are required to make only interest payments. Hancock Bank is based in Gulfport, Miss. For more information, call (800) 448-8812 or visit www.hancockbank.com.

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Jan 10, 2007

People On The Move

Figure Technology Solutions Names Michael Tannenbaum New CEO

Founder and former CEO, Mike Cagney, assumes the role of executive chairman.

Figure Technology Solutions (FTS), parent company of five-days-to-close HELOC originator, Figure Lending, announced today the appointment of Michael Tannenbaum as chief executive officer (CEO) and a member of the Board of Directors. Co-founder and previous CEO of the company...

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 revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...