Posts Tagged ‘mortgage’

FNC report: Housing market should continue to improve

OXFORD — Though home foreclosures continue to be a challenge in many hard-hit markets, a report released by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul. According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying […] [...]

FNC index shows U.S. home prices still rising

OXFORD — The latest FNC Residential Price Index (RPI) shows continuing momentum in the U.S. housing market with home prices rising to a two-year high in December. Despite an unexpected deceleration in economic growth, the ongoing housing recovery has maintained its pace with steady gains in home prices, sending the index up 5.4 percent year […] [...]

Appeals panel upholds mortgage fraud convictions

RIDGELAND — A federal appeals panel has upheld the conviction of three people in a Mississippi mortgage fraud scheme that involved more than $10 million in fraudulent loans. Former Ridgeland mortgage broker Mark Calhoun and father-and-son associates J. Larry Kennedy and Keith Kennedy, who operated a mortgage loan closing business, had appealed their 2010 convictions. […] [...]

AG reminding consumers of settlement deadline

JACKSON — Attorney General Jim Hood is reminding Mississippians that all claims applications covered by the National Mortgage Settlement are due Jan. 18. The State of Mississippi joined 49 other states in a $25-billion joint state-federal mortgage servicing settlement with the nation’s five largest mortgage servicers over unacceptable mortgage servicing practices. Mississippi was awarded $47.1 […] [...]

FNC index shows continuing rise in U.S. home prices

OXFORD — The latest FNC Residential Price Index (RPI) shows that the recovery of U.S. property values has continued through November — the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. An imbalance between rising demand and limited supply continues to be an important factor for sustained […] [...]

FNC index shows improving U.S. property values

OXFORD — U.S. property values continue to show signs of improvement, in line with indications of continued expansion in economic activity and better employment rates in recent months, according to FNC’s latest Residential Price Index (RPI). Favorable developments in the housing sector, including declining foreclosure activities and rising home sales, have contributed to the continued […] [...]

Officials find tens of thousands of homestead exemption errors

JACKSON — The Mississippi Department of Revenue has found mistakes in 36,000 homestead exemption filings. MDR officials tell The Clarion-Ledger it found cases where people were paying too little, too much or — in most instances — enjoying the tax break a deceased elderly or disabled relative formerly received. MDR officials credit the discovery of […] [...]

Software company adding at least 100 jobs for Brazilian contract

OXFORD — A Mississippi software firm will add at least 100 jobs thanks to a Brazilian contract. FNC, which makes software to streamline mortgage lending, said it would do work for Cetip, a Brazilian firm that holds financial securities for others. FNC’s software will help Brazilian banks manage documents, cut costs and help original lenders […] [...]

Technology company makes worldwide top 100 list

OXFORD — FNC Inc. has earned recognition as one of the world’s top 100 financial tech companies. The FinTech 100, sponsored by American Banker and Bank Technology News, is an annual ranking of the top technology providers to financial services companies worldwide. FNC CEO Bill Rayburn said receiving the FinTech 100 designation is a point […] [...]

FNC index shows U.S. home prices still on the rise

OXFORD — FNC’s latest Residential Price Index (RPI) indicates U.S. property values continue to rise. Home prices reached a 20-month high following a “robust” spring/summer home-buying season, FNC reports. In August, home prices rose for the sixth consecutive month, consistent with signs of strengthening market conditions that are led by rising existing-home sales and declining […] [...]

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