House Financial Services Committee approves Housing Stabilization Act

Jun 30, 2008

RMS releases new reverse mortgage loan origination systemMortgagePress.comInternet-based ASP, remote usage, technology Reverse Mortgage Solutions (RMS) has rolled out their RM Compass Loan Origination System, which is a front end system built to meet the needs of established reverse mortgage providers and to give new players a simpler entry into the business. RM Compass is in early use by two reverse mortgage companies with several set to follow shortly. The new system is configured as an Internet-based ASP (Application Service Provider) and can also be licensed for remote usage with all operational software maintained in-house. The company began operations in 2007, with a full servicing, subservicing, technology and consulting menu for the reverse mortgage market. For more information, visit www.rmsnav.com.

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Jun 30, 2008

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...