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Tag Archives: mortgage

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 price momentum. While signs of ...

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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 price strengthening, according to a ...

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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 the problems to new computer ...

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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 sell mortgages to others. Selling ...

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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 of pride for the company. ...

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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 foreclosure activities. Foreclosure sales, down ...

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Commission suspends real estate broker's license

SOUTHAVEN — The Mississippi Real Estate Commission has suspended DeSoto County developer Chuck Roberts’ broker’s license for a year after finding he violated state real estate laws during a land deal with the city of Southaven. The Commercial Appeal reports the commission entered into an agreement with Roberts. The commission said it launched the investigation into Roberts after media reports ...

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Search continues to replace jailed housing authority director

LELAND — A committee looking for a new leader for the South Delta Regional Housing Authority has narrowed the field of 95 applicants down to five. It plans to present the top three candidates to the board in coming months. SDRHA board attorney Kelly Hardwick tells the Delta Democrat Times there is no timetable to get a new director hired. ...

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Court upholds conviction of ex-mortgage broker Persac

JACKSON — A federal appeals court has upheld the conviction of former mortgage broker Michael Persac Persac and former broker Jason Ellis were convicted in 2011. They were both ordered to prison and were ordered to forfeit more than $3 million and pay more than $781,000 in restitution. A three-judge panel of the 5th U.S. Circuit Court of Appeals upheld ...

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FNC: Appraisal Score makes history with patent

OXFORD — FNC Inc.’s Appraisal Score has received a U.S. patent (U.S. Pat. No. 8,244,563), making it the first patented appraisal review tool, according to the technology company. “Critics of the American appraisal process say the process is broken and they’re looking to new government regulations to fix the problem. But we’ve already developed the solution — the adoption of ...

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