Freddie Mac sees cautious signs of improvement in the housing market and overall economy and expects more warmth in 2013, according to its latest monthly outlook. "The US economy continues to build on the momentum from the end of last year," said Freddie Mac VP and chief economist, Frank Nothaft
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Freddie Forecast: Housing and Economy Getting Warmer
Point2 announced a new feature on Point2 Homes that will make it easier for consumers to access and research thousands of bank owned and pre-foreclosure properties. Through an additional foreclosure tab, consumers can search for distressed properties without having to submit personal information on the site.
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Point2Homes Includes Foreclosure Feature for Buyers
JVI Solutions LLC, a nationwide appraisal and inspection services provider, and Active Data Technologies Inc., the parent company of Foreclosure.com, announced Wednesday that the two Florida-based firms have forged a technology partnership which they describe as "game-changing." The joint venture will soon introduce a proprietary automated home appraisal and broker price opinion (BPO) system that integrates...
CoreLogic announced a default servicing platform for the mortgage industry that simplifies the way servicers manage loans through all stages of the default lifecycle.
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New Platform to Help Servicers Manage Loans in Default
HomeValueForecast.com released a report on housing market trends, which highlighted two main findings: most Core Based Statistical Areas (CBSAs) are in the weak or soft category, but the majority of CBSAs had more positive than negative market trends. The ranking was developed based on single family home markets in the top 200 CBSA. Market indicators include average active market time, average listing...
RES.NET recently launched a customer loyalty program for real estate agents. RES Rewards, the program’s name, is free and allows members to collect points by completing tasks throughout the system such as using the connect tool, referring a friend, and renewing a membership.
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RES.NET Offers Loyal Reward Program for Agents
In response to data released by the National Association of Realtors (NAR) on Wednesday, experts overall agree market is heading towards recovery but advise certain factors need to be taken into consideration when analyzing the data. In response to the 4.3 percent month-over-month increase in January for existing-home sales, Capital Economics stated that it is not quite as encouraging as it first appears...
Existing-home sales rose in January for the third time in the last four months, according to the National Association of Realtors (NAR). January sales completed transactions were up 4.3 percent from December to a seasonally adjusted annual rate of 4.57 million.
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January Home Sales Up Again
New data from Lender Processing Services (LPS) shows that as of the end of January, there were 6,082,000 mortgages in the U.S. going unpaid
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Overdue Mortgages Number 6,082,000