Posts Tagged ‘mortgage’

State reaches $7M settlement with Ocwen

JACKSON — Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1-billion joint state-federal settlement with Attorney General Jim Hood, 48 additional state attorneys general and the District of Columbia as well as the Consumer Financial Protection Bureau (CFPB). The settlement terms address servicing misconduct by Ocwen, and two […] [...]

FNC staff preparing for first ‘The Forge’ hackathon

OXFORD — FNC Inc. employees will literally work around the clock one day next month. Software developers at the Oxford-based mortgage technology company will participate in FNC’s first-ever 23-hour innovation challenge, a hackathon dubbed “The Forge.” Beginning at 3 p.m. on Dec. 19, teams of one to three employees will face off in a battle […] [...]

FNC report: U.S. home prices still on the rise

OXFORD — The latest FNC Inc. Residential Price Index (RPI) shows continued growth of home prices in August as the U.S. housing recovery remains well underway. The index moved 0.6 percent higher from the previous the month, making August the 18th consecutive month of rising home prices. According to the FNC RPI, August home prices […] [...]

FNC launches new product called ‘Clean Room’

OXFORD – FNC Inc. has unveiled a new product line, a web-based technology platform through which banks and investors can buy and sell mortgages. Dubbed the FNC Clean Room, the technology makes loan trading more efficient and transparent by turning the loan file into structured data that can be easily analyzed. Additionally, the FNC Clean […] [...]

FNC index: U.S. housing prices were up again in May

OXFORD — The latest FNC Residential Price Index (RPI) shows that U.S. home prices continue to steadily improve, climbing another 0.5 percent in May in conjunction with continued improvement in housing market fundamentals. Notably, the FNC RPI shows that the pace at which home prices are rising is rather modest, averaging 0.4 percent per month […] [...]

FNC index: Home prices rose again in April

OXFORD — The latest FNC Residential Price Index (RPI) shows that U.S. home prices continued to rise in April, up 0.7 percent from the previous month. April’s gain marks the largest price acceleration since June 2012, caused in part by rising seasonal demand entering spring and summer. Improved credit availability, low interest rates, and low […] [...]

FNC index: Housing sees 13th consecutive price increase

OXFORD — The latest FNC Residential Price Index (RPI) shows the U.S. housing market continued to recover, recording in March the 13th consecutive price increase. In recent months, the ongoing housing recovery has maintained its pace with steady and persistent gains in home prices despite signs of continued job market weakness and soft economic growth, […] [...]

BancorpSouth’s earnings impacted by litigation costs

TUPELO — BancorpSouth Inc. has released financial results for the quarter ended March 31. Highlights for the first quarter included: • Net income of $20.8 million or $0.22 per diluted share • Mortgage production of $425.9 million and mortgage sales of $445.9 million, which contributed to mortgage lending revenue of $12.3 million for the quarter, […] [...]

FNC index shows U.S. property values rose again in February

OXFORD — The latest FNC Residential Price Index (RPI) indicates that U.S. property values rose again in February, continuing a trend that began in the spring of 2012, which has become widely recognized as the beginning of the housing market’s recovery. In February, the FNC RPI recorded a 28-month high after rising for 12 straight […] [...]

Mortgage tech company goes global with Brazilian office

OXFORD — FNC Inc., a mortgage technology company, took its operations global this week, officially opening an office in Sao Paulo, Brazil. Last fall, Sao Paulo-based Cetip — Latin America’s largest depository of fixed income securities — selected FNC to deliver a comprehensive collateral management solution for the Brazilian mortgage industry. “We at Cetip are […] [...]

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