Monthly Archives: October 2012

The end of suburban housing?

Posted on October 26, 2012 by Steve Costello

Research from SCAG, the Southern California Association of Governments, indicates that the U.S. is experiencing a shift in the way many Americans will want to live in the future. A large aging population coupled with a younger generation that has developed a different set of values where housing is concerned is a major force driving this change. It is predicted that both of these groups are going to prefer living… Continue reading

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Home Prices Hit 20-month High; August FNC Index Up 0.3%

Posted on October 18, 2012 by Yanling Mayer

FNC’s latest Residential Price Index™ (RPI) indicates that U.S. property values continue to rise. Home prices reached a 20-month high following a robust spring/summer homebuying season. 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 from 23% a year ago to 17.4% in August, continue to play out… Continue reading

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FNC Named Among World’s Top 100 Financial Tech Companies

Posted on October 11, 2012 by Nora Brown

FNC was recognized Wednesday as one of the world’s top 100 financial tech companies, receiving a spot in the FinTech 100 (an annual list of top technology providers, sponsored by American Banker and Bank Technology News).

FNC CEO Bill Rayburn says “it’s a great honor for us to be recognized among the fastest growing financial technology companies in the world. This award is a tribute to our… Continue reading

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Happy Fiscal New Year: An origination-foreclosure-forgiveness-money-back potpourri

Posted on October 1, 2012 by Nora Brown

Happy Fiscal New Year.

Last week it was announced that new home sales are up, at a seasonally adjusted annual rate of 373,000. From the bottom, that number is up nicely. But from the top, it’s way down. (Source: Calculated Risk)

As there were 141,000 new homes for sale last month, FNC’s Bob Dorsey says it should take four-and-a-half months until that inventory is clear.

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