Westerly Becomes First Municipality in Rhode Island to Adopt E-recording
August 22 2019 | |
Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that the Town of Westerly has joined Simplifile’s e-recording network following the July 1 passage of a law authorizing e-recording statewide in Rhode Island.
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Builder Confidence Trending Higher as Interest Rates Move Lower
August 17 2019 | |
Builder confidence in the market for newly-built single-family homes rose one point to 66 in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index released today. Sentiment levels have held at a solid 64-to-66 level for the past four months.
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Single-Family Starts Continue Modest Improvement in July
August 16 2019 | |
Due to a decline in multifamily production, total housing starts fell 4 percent in July to a seasonally adjusted annual rate of 1.19 million units from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development and Commerce Department.
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FHA Issues New Condominium Approval Rule
August 14 2019 | |
In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration today published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium approval process.
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National Association of Realtors® Applauds Long-Awaited FHA Condo Rule
August 14 2019 | |
The National Association of Realtors® today commended the Department of Housing and Urban Development for finalizing new Federal Housing Administration condominium loan policies. The changes, many of which NAR has championed for over a decade, should yield thousands of new homeownership opportunities and help alleviate affordability restraints impacting markets across the country.
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Mortgage Delinquencies Rise in the Second Quarter of 2019
August 13 2019 | |
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.53 percent of all loans outstanding at the end of the second quarter of 2019, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
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RamQuest Announces Integration With ClosingLock
August 12 2019 | |
RamQuest
title companies now have easy access to solution that minimizes wire fraud risk. RamQuest, Inc., a leading provider of technology-based solutions for the title insurance and settlement industry, announced today that it is integrated with ClosingLock.
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MISMO® Hires Jonathan Kearns as Vice President of Technology
August 06 2019 | |
MISMO®, the mortgage industry's standards organization, today announced that Jonathan Kearns has joined MISMO as Vice President of Technology. Under MISMO's management by the Mortgage Bankers Association (MBA), Kearns will also serve as MBA Associate Vice President, Product Development.
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55+ Housing Market Remains Solid in Second Quarter
August 01 2019 | |
Builder confidence in the single-family 55+ housing market remained solid in the second quarter with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers, according to the National Association of Home Builders' 55+ Housing Market Index released today.
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