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Equity National Title is a company that's dedicated not only to awesome experiences and community involvement, but to education as well. We maintain this blog so that we can be a valuable resource to homeowners, lenders and realtors. 

 

Foreclosures decline in July

By: Equity National   August 15, 2014   No Tags   Closing

Foreclosures decline in July

A major indicator of residential housing market health is the continued decline in foreclosures. This trend may not only be positive for current homeowners, but also potential homebuyers, as they may feel more confident that their investment will go well. Title insurers also may benefit from this boost in confidence, as they could experience a heightened level of activity. During July, the total level of foreclosure filings totaled 109,434 uni...

Mortgage rates stagnate in early August

By: Equity National   August 15, 2014   No Tags   Closing

Mortgage rates stagnate in early August

There is a possibility of more activity in the title insurance market, as some housing market conditions are stabilizing. This may encourage more individuals to consider taking out a mortgage, and starting the process of acquiring an existing property. Adjustable-rate mortgages did not experience significant changes recently. According to the Primary Mortgage Market Survey from government-sponsored enterprise Freddie Mac, the five-ye...

Foreclosures, delinquencies continue slide in 2Q

By: Equity National   August 15, 2014   No Tags   Closing

Foreclosures, delinquencies continue slide in 2Q

Further health improvements in the residential mortgage market could encourage more individuals to take advantage of a mortgage application and work to get title insurance. The total delinquency rate for residential mortgages reached 6.04 percent during the second quarter, seven basis points lower than the first quarter's level and more than 90 basis points less than the same quarter in 2013, according to the National Delinquency Sur...

Housing market makes some progress

By: Equity National   August 15, 2014   No Tags   Closing

Housing market makes some progress

Local housing conditions are getting better, though there may need to be more work done in order to encourage more individuals to take out a mortgage and acquire title insurance. A total of 56 of the 350 metropolitan areas measured throughout the country reached normal levels of housing activity and economic progress during August, according to the Leading Markets Index completed jointly between the National Association of Home Build...

Finding the Awesome by Meghan Handy

By: Meghan Handy   August 14, 2014   No Tags   Awesome Closings Project by Meghan Handy

Finding the Awesome by Meghan Handy

The past twelve months have been difficult for the mortgage industry.   Rates are up, volume is down and compliance is more expensive than ever.   Business is, to say the least, less than awesome.  It’s times like these where a lender services company like ourselves has to really look at our clients — think about their business, consider their struggles and figure out how we can help. This past spring, our executiv...

Title Insurance professionals offer financial se...

By: Equity National   August 12, 2014   No Tags   Title

Title Insurance professionals offer financial se...

The title insurance industry works to help out potential homebuyers and lenders get the coverage they need during the mortgage approval process, and this is something that industry members take quite seriously. Patrick Stone, the president and CEO of the Williston Financial Group, spoke during the October Research, LLC, National Settlement Services Summit in New Orleans to delve into the importance of title insurers as financial serv...

Mortgage application interest increases

By: Equity National   August 7, 2014   No Tags   Closing

Mortgage application interest increases

More Americans may be looking for homes in the near future, which could be a boon for the title insurance industry in the coming weeks. Total mortgage applications improved 1.6 percent during the week ending Aug. 1, 2014, the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association showed. When the figure was not adjusted, it still rose 1 percent week-over-week. There was a decline in the Purchase Index during t...

Home prices continue improvement during June

By: Equity National   August 5, 2014   No Tags   Closing

Home prices continue improvement during June

Title insurance agencies may see further gains in home sales and mortgage activity in the coming months, especially as other aspects of the market strengthen, such as home prices. The overall price of a residential property rose 7.5 percent in June from the same month in 2013, according to a report from CoreLogic. This was the 28th month in a row where a gain occurred from the same point a year earlier. When considering the progress from ...

Pending home sales fall during June

By: Equity National   July 31, 2014   No Tags   Closing

Pending home sales fall during June

The residential housing market is in the midst of recovery, but there are still some bumps in the road that may be affecting the mortgage and title insurance industries. The total level of pending home sales was at 102.7 in June, 1.1 percent lower than May's level of 103.8, according to the Pending Home Sales Index from the National Association of Realtors. The latest measurement also slid 7.3 percent from the same month in 2013, when it was a...

Foreclosures continue to dissipate in June

By: Equity National   July 31, 2014   No Tags   Closing

Foreclosures continue to dissipate in June

Continued signs of strengthening in the mortgage market may be a positive indicator for title insurers. This could be especially true as the health of existing loans improves, giving potential homebuyers more confidence to take out a mortgage. The total level of completed foreclosures in June reached 49,000 units, 9.9 percent lower than the 54,000 units recorded in June 2013, according to a report from CoreLogic. The latest measurement was sti...

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