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US home sales seen rebounding for October
Analysis from Fannie Mae, Bear Stearns, and KeyCorp economists
CBSNews.com October 29
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New-Home Sales Fall in September
The Commerce Department reported that sales of new homes fell 12.8% in September to the lowest level in almost 2 years
SFGate.com October 29
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UK mortgage lenders agree to change
Comparisons and redemption penalty terms to be made easier for shoppers
Go.com October 29
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Record 1999 Pace for Bay Area Home Sales
6,892 resale houses were sold in the San Francisco area last month, down 9% from 7,570 for the month
before, and up 10.6 percent from September last year
Individual.com October 28
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U.S. 30-year mortgage rates inch up in latest week
Freddie Mac rate survey for the week ending Oct. 29
GO.com October 28
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NatWest to cut mortgage charges after OFT push
Britain's Office of Fair Trading (OFT) said National Westminster Bank greed to reduce "ruinously high" redemption charges on home loans after its intervention
Individual.com October 28
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Resource Bancshares Mortgage Group, Inc. Reports Results For the Third Quarter and the First Nine Months of 1999
Q3 1999 net loss was $1.7 million versus net income of $13.3 million for same period 1998; nine month net income was $12.8 million compared to $36.0 million for 1998
PRNewswire.com October 27
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NAHB projects U.S. housing starts to fall in 2000
The National Association of Home Builders projected the pace of new U.S. home construction would slip 7.5 percent to 1.535 million units from an estimated 2.2 percent rise in 1999 to 1.659 million units
Individual.com October 27
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MBA Weekly Application Survey
Mortgage loan apps for the week ending October 22 were down 59.2 % from the same week last year, but increased 3% from last week
MBAA.org October 27
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Countrywide Home Loans Offers Zero Downpayment Mortgage
Requirements are income < 120% of area median income, 2 month's reserves, & qualify for mortgage insurance
PRNewswire.com October 27
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Home sales in Massachusetts fall slightly amid dramatic price increase
Average price of sfr's rose 16.6% last month over the same time last year with the average cost of a home at $251,930; home sales were down 0.2%
BusinessWire.com October 26
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Home Sales Up 12.8 Percent, Median Price Rose 9.2 Percent In September, C.A.R. Reports
California existing home sales
PRNewswire.com October 25
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Existing Home Sales Fall Again
Sales of existing single-family homes fell by 2.1 percent last month according to the National Association of Realtors
LasVegasSun.com October 25
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PCi Services Unveils 1998 U.S. Mortgage Lending Activity
Norwest Corporation was the leading mortgage lender for Home Purchase Loans throughout the U.S. and Puerto Rico in 1998 overall, to minority borrowers and to borrowers located in low- and moderate-income neighborhoods
GO.com October 25
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HERE AND OVERSEAS, CONSUMERS ADVANCE IN MORTGAGE MARKET
Mortgages in the UK & Australia are portable (homeowner sells one house and buys another, taking the mortgage with him) and borrowers are permitted to pay on a weekly or bi-weekly basis
ChicagoTribune.com October 24
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U.S. Mortgage and Economy by David Beadle
Flood insurance can be avoided with Pre-FIRM exemption
NewsPage.com October 22
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Irvine, Calif.-Based Title Insurer Hurt by Federal Reserve Rate Hikes
Fidelity National Financial said that Q3 profit dropped 32 percent, as rising rates put a freeze on refinancings
NewsPage.com October 22
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Woolwich says to cut 330 jobs across group
Innovative UK mortgage bank said it would cut jobs by the end of the year
NewsPage.com October 21
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E-Loan Inc. 3Q Oper Losses 33c A Share
Financial results for the quarter ended September 30
AOL.com October 29
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LIONINC.COM Completes Internet Path From Consumer to Automated Underwriting
Service allows borrowers to input application and originator to pull up as file that can be submitted to automated u/w systems
NewsPage.com October 27
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E-Loan eyes online mortgage growth
Executives comment on IPO, competition, quiet periods
CBSNews.com October 25
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Homestore.com Reports 280% Increase in Third Quarter Revenue
Revenue growth was driven largely by expanding base of subscription revenue and an increase in
sponsorships, including the Norwest Mortgage, Inc. alliance agreement
PRNewswire.com October 25
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iOwn Enters Mortgage Banking Arena
company can now act as both a mortgage broker and mortgage banker
PRNewswire.com October 25
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RealEstate.com Research Shows Consumers Fear Real Estate Transactions
Buyers ranked lack of knowledge about financing options, uncertainty about loan rates and lack of information about closing costs and expensive surprise costs at the top of their list of problems
NewsPage.com October 22
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E-loan Ltd. -UK- Announces Acquisition of Flexemortgage.com
E-LOAN, Inc. and eVentures appoint CEO of E-LOAN Ltd. in the United Kingdom
BusinessWire.com October 21
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BCE Emergis Posts Record Revenues for 3rd Quarter 1999
Canadian company teams with e-Net to automate mortgage-lenders' operations by electronically connecting them with mortgage brokers, mortgage insurance companies, credit bureaus and other trading partners
StarTribune.com October 21
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Mortgage.com targets service to lenders
Company to shift focus from consumer direct business to out sourcing by helping other lenders online
GO.com October 20
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IndyMac Reports Third Quarter Earnings of $0.39 Per Share
Internet lending directly and indirectly fueling growth
BusinessWire.com October 20
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Rock Financial Reports Third Quarter Financial Results
Rock reported a net loss of $4.3 million, compared to pro forma net income of $3.7 million for the same period in 1998
CBSNews.com October 20
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MortageSelect.com to Offer Services on Homefair.com Pre-Approval Services Now Available Online
CBSNews.com October 19
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HomeSpace Inc. Partners with Virtual Relocation.com to Provide Real Estate, Mortgage and Homeowner Services
HomeSpace offers mortgages from more than 60 national and regional lenders
CBSNews.com October 19
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LION Inc./Lioninc.com Announces Record Revenues for Third Quarter
revenue for the third quarter ended September 30,1999 increased 127% to a record $1,174,000
CBSNews.com October 18
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Pre-listing appraisals are latest marketing technique
Appraisal is done before house is listed, then placed on internet for prospective buyers to view
StarTribune.com October 16
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HomeServices.Com Closes Initial Public Offering at $15.00 Per Share
Real estate services company sells 3,250,000 shares of common stock
NewsPage.com October 15
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LION, Inc. Appoints New CEO
New CEO, John A. McMillan has been associated with Nordstroms for 40 years
PRNewswire.com October 14
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Deutsche Unveils Unique Internet Mortgages Trading Site
Wall Street bank to allow its clients to trade mortgage-backed securities, or MBS, over the Internet.for 15-year and 30-year Fannie Mae, Freddie Mac and Ginnie Mae passthroughs
WSJ.com October 14 (subscription_required)
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Homestore.com agrees to buy Homebuyer's Fair
Realtor.com affiliate purchasing home site owned by 80% by parent of The Arizona Republic
AZCentral.com October 13
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