Prime Equity expands, makes new hires

Mar 29, 2007

EverBank buys out BNY MortgageMortgagePress.comReverse mortgages EverBank Financial Corporation has purchased The Bank of New York's interest in BNY Mortgage Company LLC (BNYMC), repositioning the company to focus exclusively on expanding its reverse mortgage business nationwide. Originally a joint venture between EverBank Financial Corporation and The Bank of New York, BNYMC will now focus on the origination of retail reverse mortgages, along with wholesale, correspondent and private label reverse mortgage services. Jacksonville, Fla.-based EverBank Financial Corporation is a private financial services holding company. For more information, call (888) 882-3837 or visit www.everbank.com. BNYMC is a mortgage company based in Harrison, N.Y. For more information, call (800) 480-8773 or visit www.bnymortgage.com.

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Mar 29, 2007

Analysis and Data

It's A Buyers' Market In Texas And Florida!!!

Redfin says sellers are cutting their asking prices in the two southern states.

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...