by Wally Northway Published: August 20,2010
Tags: economy, housing, mortgage industry, real estate
DENVER, Col. — Now that the Homebuyer Tax Credit is in the rear view mirror, residential home sales are in a period of correction. It is possible that the credit simply brought interested buyers to the market a few months earlier than they otherwise had planned, according to real estate firm RE/MAX. Indications are that [...] [...]
by Wally Northway Published: August 10,2010
Tags: expansions, mortgage industry, real estate
OXFORD — FNC Inc. has launched a new consulting division, designed to guide clients through implementation and toward best industry practices. FNC special projects director Jon Fisher, a former managing principal consultant with Oracle Software, is teaming up with Lance Thoet, who heads the new division and was vice president of product development at real [...] [...]
by Wally Northway Published: June 21,2010
Tags: mortgage industry, oil spill, real estate
OXFORD — FNC Inc. is asking Gulf Coast-area real estate professionals to provide information for a new website that would track home sale prices of properties that may have been affected by the recent oil spill in the Gulf of Mexico. The Collateral Vision Gulf Coast Crisis Website, available this fall, would map property values [...] [...]
by Wally Northway Published: March 16,2010
Tags: debt, housing crisis, mortgage industry, real estate, recession
The Feb. 2010 Mortgage Monitor report, released by Lender Processing Services Inc., shows that while delinquency rates in the U.S. have risen to historic highs, the pace of deterioration has slowed. However, the nation’s housing market remains far from a full recovery, and Mississippi has the third-highest non-current loans in the nation. Based on data [...] [...]
by Associated Press Published: February 11,2010
Tags: housing, mortgage industry, real estate, recession
WASHINGTON — U.S. government-controlled mortgage finance companies Fannie Mae and Freddie Mac said yesterday they will buy back troubled loans contained in securities they have already sold to investors. The two companies are repurchasing mortgage loans for which borrowers have missed at least four months of payments. At the end of last year, Fannie had [...] [...]
by Wally Northway Published: January 11,2010
Tags: banking and finance, housing, mergers and acquisitions, mortgage industry, real estate
HATTIESBURG — Magnolia State Bank is opening a new location in Hattiesburg, and also has acquired Prime Mortgage Inc. for an undisclosed sum. The new, full-service bank is set to open Jan. 19 at The Village shopping center on Weathersby Road. Magnolia State Bank removed a wall between the two locations in order to combine [...] [...]
by Wally Northway Published: September 23,2009
Tags: mortgage industry, technology
OXFORD — FNC Inc. has launched the Collateral Investigator, a multifunctional data and analytics solution developed to provide accurate information about the true value of real estate. The Collateral Investigator combines three of FNC’s most powerful analytic products— Appraisal Score, Property Scan and QC Vigilance—into one platform. The solution is ideal for reviewers, underwriters and [...] [...]
by Wally Northway Published: August 19,2009
Tags: mortgage industry, technology
OXFORD — Mortgage technology company FNC Inc. has launched its new corporate website at www.fncinc.com. Using three primary menu options, viewers can now navigate the site based on their specific industry, the solution they need or the exact FNC product needed to solve pain points. From the site, they can also explore pages by following [...] [...]
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