Texas industry appointments update - 7/10/2007

National Mortgage Professional

Jul 09, 2007

DocuTech and PCLender.com form allianceMortgagePress.comMortgage compliant documents DocuTech Corporation and PCLender.com have formed an alliance that integrates DocuTech's compliant documents with the PCLender.com enterprise mortgage lending system. DocuTech's ConformX and PCLender's InHouse Mortgage create a Web-based solution that allows mortgage professionals to streamline mortgage document processing. Idaho Falls, Idaho-based DocuTech Corporation is a provider of compliance services and documentation technology to the mortgage industry. For more information, call (800) 497-3584 or visit www.docutechcorp.com. Honolulu-based PCLender.com is a provider of hosted software and services to the mortgage banking industry. For more information, call (877) 536-6886 or visit www.pclender.com.

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Jul 09, 2007

Analysis and Data

Construction Spending Dips 0.1% In May, 1st Decline In 8 Months

Overall residential construction, however, ticked up 0.2% in May from April, and was 18.7% above the estimate for May 2021.

Construction spending in May slipped 0.1% from a month earlier, the first decline since September 2021. According to data released Friday by the Commerce Department, construction spending was estimated at a seasonally adjusted annual rate of $1.78 trillion, down from the re...

Analysis and Data

Power Shifting To Buyers As Asking Prices Fall

Redfin says a record-high share of home sellers dropped their prices after this month’s historic mortgage-rate hike.

With mortgage rates continuing to rise, home sellers are reducing their asking prices, as they face the mounting pressure of falling home affordability, according to a new report from Redfin. The technology-powered real estate brokerage says the median asking price of newly...