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Freddie Forecast: Housing and Economy Getting Warmer
Freddie Mac sees cautious signs of improvement in the housing market and overall economy and expects more warmth in 2013, according to its latest monthly outlook. “The US economy continues to build on the momentum from the end of last year,” said Freddie Mac VP and chief economist, Frank Nothaft. Positive signs Freddie cites include job gains, declining unemployment, and high affordability.
Point2Homes Includes Foreclosure Feature for Buyers
Point2 announced a new feature on Point2 Homes that will make it easier for consumers to access and research thousands of bank owned and pre-foreclosure properties.
Through an additional foreclosure tab, consumers can search for distressed properties without having to submit personal information on the site.
JVI Solutions, Active Data Technologies Forge Technology Agreement
JVI Solutions LLC, a nationwide appraisal and inspection services provider, and Active Data Technologies Inc., the parent company of Foreclosure.com, announced Wednesday that the two Florida-based firms have forged a technology partnership which they describe as “game-changing.” The joint venture will soon introduce a proprietary automated home appraisal and broker price opinion (BPO) system that integrates interactive analytical data into a mobile platform.
New Platform to Help Servicers Manage Loans in Default
CoreLogic announced a default servicing platform for the mortgage industry that simplifies the way servicers manage loans through all stages of the default lifecycle.
The new web-based platform, DefaultView, allows for information to be exchanged across multiple departments.
Market Report Shows Positive Trend but Weak Market Conditions
HomeValueForecast.com released a report on housing market trends, which highlighted two main findings: most Core Based Statistical Areas (CBSAs) are in the weak or soft category, but the majority of CBSAs had more positive than negative market trends. The ranking was developed based on single family home markets in the top 200 CBSA. Market indicators include average active market time, average listing price, and number of foreclosure sales. The market trend indicators are forward-looking, and so having more positive indicators forecasts improving conditions in a high percentage of the CBSAs.
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