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FHA regaining market share  Premium Content

By Inman News, Friday, August 29, 2008.

Private mortgage insurers saw demand hit a low for the year in July, with applications falling 4.6 percent from the previous month and 52 percent from a year ago, an industry group said.

The 86,734 applications received by private mortgage insurers in July continues a downward slide that began in the spring. Private mortgage insurance applications hit a high for 2008 in March, with 160,139 received, according to the Mortgage Insurance Companies of America.  more...

Brokerages can learn from Prudential Georgia

By Inman News, Friday, August 29, 2008.

Editor's note: The following is a reader comment in response to an Aug. 19 Inman News story, "Real estate company makes the news."  more...

Guardian Mortgage Documents has new parent

By Inman News, Friday, August 29, 2008.

Guardian Mortgage Documents Inc. has been acquired by a former client, LenderLive Network Inc., in the latest fallout related to Mercury Companies Inc.'s hasty exit from the title insurance and settlement services business.

Denver-based LenderLive, which provides outsourcing services for lenders, including mortgage originations, loan processing, underwriting, closing and post-closing, said it will leave Guardian's management and operations intact, with founder Michael O'Leary continuing as president of the company.  more...

Housing bottom: Who cares anyway?

By Inman News, Friday, August 29, 2008.

Jonathan Miller tackles every real estate analyst's favorite game right now -- "calling the bottom." It is probably one of the most talked about issues for anyone even remotely involved in real estate, and Miller does an excellent job addressing the issues behind the need to know where the bottom of the market might be. He also does an even better job explaining why all of the discussion might be pointless.  more...

New CEO named at REA Group

By Inman News, Friday, August 29, 2008.

Australian-based REA Group, which operates RealEstate.com.au in Australia, nine other country-specific sites and a global property site, on Thursday announced the appointment of Greg Ellis as the company's new chief executive officer.  more...

Fixed-rate mortgages more affordable

By Inman News, Friday, August 29, 2008.

Rates for 30-year fixed-rate mortgages averaged 6.4 percent with an average 0.6 point for the week ending Aug. 21, down from 6.47 percent a week ago and 6.67 percent a year ago, Freddie Mac said in its weekly Primary Mortgage Market Survey.

The 15-year fixed-rate mortgage averaged 5.93 percent with an average 0.6 point, down from 6.00 percent a week ago and 6.12 percent this time last year.  more...