Real Estate: Mortgage

Whiteboard Mortgage CRM Named to 2018 HousingWire Tech100

Whiteboard Mortgage CRM was named to the HousingWire Tech100 list of most innovative fintech companies for 2018. Oklahoma City, OK, May 17, 2018 -- For its second consecutive year, Whiteboard Mortgage CRM has been named a member of the HousingWire Tech100.HousingWire’s Tech100 program is designed to showcase the leading technology and software companies in the mortgage space. Created to shed light on innovators and industry disruptors, the Tech100 features a landscape of businesses destined to...

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Realtors® Midyear Forecast: Home Sales, Prices to Rise despite Inventory, Affordability Challenges

WASHINGTON, May 17, 2018 -- A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo.Lawrence Yun, chief economist of the National Association of Realtors®, presented his 2018 midyear forecast and said despite headwinds a moderate and...

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Mortgage Rates Move Up to Highest Level in Seven Years

MCLEAN, Va., May 17, 2018 -- Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that after plateauing in recent weeks, mortgage rates reversed course and reached a new high last seen eight years ago.Sam Khater, Freddie Mac’s chief economist, says the 30-year fixed mortgage rate edged up to 4.61 percent, which matches the highest level since May 19, 2011. “Healthy consumer spending and higher commodity prices spooked the bond markets and...

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New Penn Financial Expands SMART Loan Series to its Retail Lending Network

The SMART Series reflects our commitment to offering a wide breadth of products that reaches a variety of deserving consumers. PLYMOUTH MEETING, Pa. May 17, 2018 National mortgage lender New Penn Financial (New Penn) today announced the expansion of its SMART Loan Series, a line of non-QM, non-agency loan products that provide a smooth lending experience for highly qualified borrowers who fall outside the specific requirements of traditional mortgage loans. The SMART series of products,...

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Integrity Fiberglass Windows Installed in Rutland Innovation Home

The Rutland Innovation Home features Integrity fiberglass windows and doors by Marvin Windows and Doors. Marvin Windows are typically our go-to at NBF Architects and the windows in this house are the same as those I've put into my own home. ENFIELD, Conn. May 17, 2018 "We are extremely pleased to be asked to provide all of the windows and a sliding glass door for the Rutland Innovation Home, which is being given away through an essay contest aimed at attracting new residents to the...

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Title Alliance Appoints Christy Hempstead as Regional Operations Manager

She has experience with affiliated business arrangements and understands what needs to be done to capture the business and make the customer happy. MEDIA, Pa. May 17, 2018 Title Alliance, Ltd, a RESPA-compliant ESOP leader in joint ventured title insurance agencies, announced today it has appointed Christy Hempstead as Regional Operations Manager for Keystone Premier Settlement Services. This appointment comes just weeks after Title Alliance completed their first annual T.A. Gives Back Week. A...

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Alm. Brand A/S – Interim report for Q1 2018  

17 May 2018Announcement no. 31/2018Alm. Brand generated a highly satisfactory pre-tax profit of DKK 223 million in Q1 2018. The full-year guidance for 2018 is lifted by DKK 50 million to a pre-tax profit of DKK 500-600 million.Our consolidated Q1 performance was better than expected despite the headwinds we experienced from the financial market turmoil. On this basis, we are upgrading our full-year guidance for 2018, explained CEO of Alm. Brand A/S, Søren Boe Mortensen. He continued:Non-life Insurance...

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GSF Mortgage Welcomes the “Jack of all Trades” in Pennsylvania

Shrewsbury, PA, May 17, 2018 -- GSF Mortgage Corporation is pleased to announce the addition of Glenn Main as a new branch manager in Shrewsbury, Pennsylvania. He is a mortgage industry veteran whose love of helping people has led him to success in the business for more than 17 years. He specializes in reverse mortgages and describes himself as a “jack of all trades” who works with purchases and refinances as well.Known as the “reverse guy” to many of his contacts and colleagues, Main is...

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Mars Bank Promotes Officers

Mars Bank promotes 3 Officers. Mars, PA, May 17, 2018 -- Mars Bank promoted the following staff to new officer positions:· Brad Clevenger, Vice President, Information Technology Operations Manager· Mary Ann Braden, Vice President, Mortgage and Consumer Loan Operations· Heather Marsh, Assistant Vice President, Mortgage and Consumer Loan Operations Specialist“We are pleased to announce these promotions,” said James V. Dionise, Mars Bank President and Chief Executive Officer. “As a community...

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Nevada Leads Nation With Highest Share Of Homeowners Likely To Move In Q2 2018

IRVINE, Calif., May 17, 2018 -- ATTOM Data Solutions, curator of the nation's premier multi-sourced property database, today released its Q1 2018 Pre-Mover Housing Index, which shows that the highest pre-mover index in the first quarter of 2018 — predictive of a high percentage of homeowners moving in the second quarter — was in Nevada (200), followed by Delaware (163), Florida (159), Colorado (154) and Virginia (149). Using data collected from purchase loan applications on residential...

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First Commonwealth Bank Announces Pricing of Subordinated Notes Offerings

INDIANA, Pa., May 16, 2018 -- First Commonwealth Bank (the "Bank"), a wholly owned subsidiary of First Commonwealth Financial Corporation (NYSE:FCF), today announced that it has priced a private offering of $50 million aggregate principal amount of its 4.875% fixed-to-floating rate subordinated notes due 2028 (the “10-Year Notes”), and $50 million aggregate principal amount of its 5.500% fixed-to-floating rate subordinated notes due 2033 (the “15-Year Notes,” and, collectively with the 10-Year...

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Cloudvirga Raises $50 Million to Deliver a Truly Digital Mortgage Experience

IRVINE, Calif., May 16, 2018 -- Cloudvirga™, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform®, today announced the closing of a $50-million Series C funding round led by private-equity firm Riverwood Capital (Riverwood) with ongoing participation from Upfront Ventures. The new funding will support Cloudvirga's mission to help lenders reduce record-high loan production costs via automation...

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Horizon Bancorp, Inc. Announces Three-for-Two Stock Split

MICHIGAN CITY, Ind., May 16, 2018 -- Horizon Bancorp, Inc. (NASDAQ:HBNC) announced today that its Board of Directors has declared a 3-for-2 stock split on Horizon’s authorized and outstanding shares of common stock. Shareholders of record as of the close of business on May 31, 2018, the record date, will be entitled to receive an additional half share for each share of common stock held.Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would...

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Rethinking Real Estate Valuations and Alternatives to Traditional Appraisals

WASHINGTON, May 16, 2018 -- Appraisals are a vital part of the real estate transaction and have traditionally been done in-person by an experienced appraiser, but efforts to reduce costs, increase efficiencies and incorporate more innovation, technology and data in the valuation process are expanding the use of alternative valuation methods.That's according to speakers at a real property valuation forum yesterday during the 2018 REALTORS® Legislative Meetings & Trade Expo.Traditional appraisal...

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KS Bancorp, Inc. Announces Resolution of Outstanding Litigation With First Citizens BancShares, Inc.

SMITHFIELD, N.C., May 16, 2018 -- KS Bancorp, Inc. (OTCBB:KSBI) (“KS”), parent company of KS Bank, Inc. (“KS Bank”), today announced that it has reached a global settlement with First Citizens BancShares, Inc. resolving all outstanding litigation and disputes between the parties. Under the terms of the settlement, KS has repurchased all KS shares owned by First Citizens and its affiliates, and First Citizens has agreed to the voluntary dismissal of its lawsuit before the North Carolina Business...

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