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Tag Archives: mortgage industry

RE/MAX report: Home sales in 'period of correction'

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 sales may correct further before ...

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FNC Inc. forms new consulting division

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 estate services provider CBC Companies. ...

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FNC developing oil spill website

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 from the Gulf Coast at ...

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Mortgage report finds state ranks high in bad loans

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 extrapolated from the LPS servicing ...

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Fannie Mae, Freddie Mac buying bad loans

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 about $127 billion of such ...

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Magnolia expands with Prime acquisition

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 space with its new partner, ...

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FNC rolls out new product

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 QC. FNC continues to streamline ...

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FNC splashes up new website

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 the site’s breadcrumb design, find ...

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