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Pavaso partners with Intercap Lending, Elevated Title, Signature Closers to deliver collaborative eClosing with eNotarization
Pavaso has partnered with Utah-based mortgage lender Intercap Lending, Salt Lake City-based Elevated Title and Columbus, Ohio-based Signature Closers to deliver an eClosing experience during which the lender, title company and notary provider all collaborate within the Pavaso portal to complete the closing.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 13, 2018.
NAR, realtor.com® Report Housing Supply and Affordability Are at Odds in Markets Across U.S.
At the national level, housing affordability is down from a year ago and fewer households can afford the active inventory of homes currently for sale on the market based on their income.
AccuSearch Company
Housing Starts Rise 1.9 Percent on Multifamily Surge
Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
WFG National Title Insurance Company Acquires Inland Professional Title
WFG National Title Insurance Company acquires Inland Professional Title, further strengthening its footprint in Northwest.
Production Volume and Profits Down in 2017 for Independent Mortgage Bankers
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association reported today in its Annual Mortgage Bankers Performance Report.
International Housing Association Focuses on Global Skilled Labor Shortage
The International Housing Association is focusing on ways to secure the skilled work force necessary to address the needs of the residential construction industry around the world, IHA leaders announced during the association’s annual meeting April 11-13 in Washington, D.C.
March New Home Purchase Mortgage Applications Increased 6.7 Percent Year over Year
The Mortgage Bankers Association Builder Application Survey (BAS) data for March 2018 shows mortgage applications for new home purchases decreased 2.6 percent compared to March 2017. Compared to February 2018, applications increased by 14 percent.
Statement from NAR General Counsel Katie Johnson Regarding Innovation and Competition in Real Estate Brokerage
Later this year, a 10-year old settlement and consent decree between the National Association of Realtors® and the U.S. Department of Justice mandating how listings are displayed by online brokerages will expire. Prior to that, on June 5, 2018, NAR will have the opportunity to demonstrate the breadth and depth of competition in the real estate and brokerage industry at a public workshop held by the DOJ and Federal Trade Commission.
Realtors® Continue Focus on Fair Housing, Commemorate 50th Anniversary of Act
The National Association of Realtors® is joining its 1.3 million members across the country to commemorate the 50th anniversary of the Fair Housing Act and further advocate for inclusion and diversity in the nation’s communities. NAR is also recognizing April as Fair Housing Month, with education and events for members and state and local Realtor® associations throughout the month.
Mortgage Bankers Close Record $530 Billion in Commercial/Multifamily Originations in 2017
Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association's (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
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After affordable housing debacle, title industry rebuffs Denver's request to ensure compliance with program rules
The Land Title Association of Colorado has rejected a request from Denver Mayor Michael Hancock to make compliance with the city's affordable housing rules a requirement for obtaining title insurance.

Four-Year Highs for Mortgage Rates and Home Prices
It was up-up-and-away in the latest housing data, with mortgage rates and home prices both hitting four-year highs.

Title insurance: Shocking numbers should kill merger, group tells DOJ
Industry executives in Florida sing the merits, but the Consumer Federation of America says a proposed merger of two of the top four U.S. title insurance giants represents bad news for home buyers from West Palm Beach to Walla Walla, Wash.

Subprime mortgages make a comeback-with a new name and soaring demand
They were blamed for the biggest financial disaster in a century. Subprime mortgages - home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly burned. Barely a decade later, they're coming back with a new name - nonprime - and, so far, some new standards.

Mortgage refinances fall to the lowest level in a decade amid lean and expensive spring housing market
Demand for mortgages weakened last week, despite a brief respite from rising interest rates.

New Jersey warns mortgage industry: Hackers are trying to steal mortgage funds
Banks, credit unions, mortgage lenders, loan originators, title insurers, title, real estate agents, and consumers in the state of New Jersey need to be on the lookout for hackers that are trying to steal mortgage funds during the transaction.

Thrown to the wolves, title insurance closers band together
Title closers - independent contractors whose unglamorous job involves attending closings and ensuring all documents and checks are in order - have formed a trade association to represent their interests after they said the New York State Land Title Association excluded them from a lawsuit filed last month.

3 face off for county clerk
With Marcia Moore leaving the Hancock County (IN) Clerk's Office because of term limitations, the Republican primary is a wide-open race with three candidates seeking the party's nomination.


On the Blogs

WEBINAR | Appraisers: Is Your ID at Risk? | April 25
Francesca Pascavage's Blog
2018/04/11
0 comments

Ohio Abstractors, Beware the Terminating Homestead Exemption
Source of Title Blog
2018/01/21
1 comments

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TITLE ABSTRACTING SERVICE IN TEN STATES!
April 13 2018
Sharon S. Moller, Title Examiner is now offering abstract services in 10 States: Arkansas, Connecticut, Florida, Illinois, Indiana, Maine, Massachusetts, Michigan, New Hampshire and Wisconsin! Best rates and turn times in industry! Projects welcome!...[more info]

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