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Aug 03, 2008

First Houston announces new affiliate branch MortgagePress.comMid America Mortgage Consultants, loan pricing, cohesive paperless lending platform First Houston Mortgage Ltd. announced the addition of Mid America Mortgage Consultants as its newest affiliate branch. As an addition to First Houston, Mid America Mortgage Consultants is provided with full access to First Houston's enhanced loan pricing, cohesive paperless lending platform; complete in-house underwriting system; and its offshore facility in India, which offers additional loan processing support. "Being an affiliate of First Houston's better enables us to focus on originating more loans by reducing time-intensive, back-office activities that overwhelm most lenders," said Garret Knox, branch manager of Mid America Mortgage Consultants. Houston-based First Houston Mortgage Ltd. is a mortgage-banking firm licensed in 20 states. For more information, call (877) 232-2461 or visit www.firsthouston.com. St. Louis-based Mid America Mortgage Consultants is a mortgage lender servicing Missouri. For more information, call (636) 529-9300 or visit missourimtg.com.

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Aug 03, 2008

Analysis and Data

More Sellers Pull Listings

Due to market conditions, prospective sellers likely to experience ‘the least seller-friendly summer since at least 2016,’ report finds

Rather than haggle over prices, some sellers are opting out of the market altogether, according to the latest “Seller Spotlight” from Realtor.com. In fact, delistings outpaced gains in overall inventory. “The spike signals that some sellers would rather wait than negotiat...

Analysis and Data

Consumer Confidence in Housing Slips Again, Even as Buying Sentiment Inches Up

Fannie Mae’s Home Purchase Sentiment Index fell nearly four points in June

Consumer confidence in the housing market dropped in June, according to Fannie Mae’s latest National Housing Survey, with the company’s Home Purchase Sentiment Index (HPSI) falling 3.7 points to 69.8. That marks a 2.8-point drop compared to the same time last year. Five o...