South Carolina industry appointments update - 8/1/2007

National Mortgage Professional

Jul 31, 2007

Massachusetts industry appointments update - 8/1/2007MortgagePress.comMassachusetts mortgage industry positions • Mount Vernon Mortgage Corporation has hired Sheila Hannon as a senior loan officer specializing in reverse mortgages.

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Jul 31, 2007

Analysis and Data

May Sees Largest Monthly Slowdown In Home Price Growth Since 2006

As of May 19, the share of median income required to make the P&I payment had climbed to 33.7%, just shy of the 34.1% high reached in July 2006.

Black Knight’s Monthly Monitor Report, released today, found that May marked the second-consecutive month of cooling at the national level. However, even with growth slowing in 97 of the top 100 U.S. markets, overall home prices still rose 1.5% from April. According to Blac...

Industry News

Redwood Trust Completes Merger With Riverbend

Acquisition plans originally announced April 28th.

Redwood Trust Inc. says its has completed the previously announced acquisition of Riverbend Funding LLC, a private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction on Tuesday. The transaction, which initially was ...