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  •   Metrostudy: Twin Cities new housing market shows signs of improvement
“Despite a weak economy, there are signs that the Twin Cities new-home market is very close to a bottom,” said Ryan Jones, director of Metrostudy’s Twin Cities division. The rate of job losses (4.3 percent) throughout the Twin Cities’ 13-county market area, remained elevated as more than 73,000 jobs were lost in the 12 months ending in September. While job losses remain a concern, the unemployment rate has likely hit its peak and is beginning to stabilize. It has dropped to approximately 7.3 percent, well below the national level.
NationalMortgageProfessional.com,NMP Media Services,   11/04/2009

  •   DartAppraisal.com offers new FHA appraisal compliance solution
DartAppraisal.com, an independent provider of residential real estate valuations, has announced an updated version of its popular DartExpress system to ensure compliance with all Federal Housing Administration (FHA) Mortgagee Letters related to valuations. The technology updates come in advance of the FHA policy changes which will take effect Jan.
NationalMortgageProfessional.com,NMP Media Services,   11/04/2009

  •   Mortgage Demand Increases after Three-Week Slump
Mortgage activity rebounded last week, after three straight weeks of waning, according to the Mortgage Bankers Association. The industry trade group attributed the upsurge to an increased demand for refinancing and a drop in key mortgage interest rates.
DSNews.com,Admin,   11/04/2009

  •   Bank of America Simplifies Loan Terms for Home Equity Borrowers
In an effort to allow borrowers to review loan details in plain language, Bank of America has created a simple one-page summary of key loan terms, now available for various loans. As an extension of the bank's Clarity Commitment home loan summary, introduced last April, home equity lines of credit and home equity loan summaries are now available to borrowers.
DSNews.com,Admin,   11/04/2009

  •   American Land Title Association Announces New President
During American Land Title Association's (ALTA) annual convention, the board of governors named Mark Winter as the organization's new president. Winter comes to ALTA with 30 years of industry experience and is currently serving as EVP of public policy for Stewart Title.
DSNews.com,Admin,   11/04/2009

  •   Pro Teck Names Dalupan Sales Director
Pro Teck Valuation Services, a real estate valuation and risk solutions provider headquartered in Waltham, Massachusetts, announced Wednesday that Al Dalupan has joined the company as sales director.
DSNews.com,Admin,   11/04/2009