Mortgage News

What is the most expensive city to own a dog?

In addition to the large sense of responsibility that comes with caring for another living being, owning a dog has its costs, which vary greatly across cities. To help Americans better discern how their costs of dog ownership change from city to city, researchers from Trupanion, Redfin and collaborated to provide rankings of the most expensive and most affordable cities to own a dog. Each of the contributors examined data relating to their specialties. Because Trupanion provides health insurance for cats and dogs, it provided information about dog health care costs in the ...

May 26th, 2015 What is the most expensive city to own a dog?

Memorial Day 2015

Have a safe holiday weekend as we honor our fallen heroes who selflessly fought for our country. In observance of Memorial Day, GenEquity’s U.S. offices will be closed Monday, May 25th.

May 22nd, 2015 Memorial Day 2015

Timing is everything: When you’ll find open houses

An open house is the perfect opportunity for homebuyers to see what’s available on the market, and new data from Trulia shows the best times to attend these events. Peak hours for open houses are on the weekends, particularly Sundays. With many Americans working full time during the week, many sellers don’t have time to show their homes within daytime hours of the work week. As a result, most open houses happen on Sunday between 12 p.m. and 2 p.m. Peak times may reflect religious practices Trulia hypothesized this could be due to what it termed “the church effect.&...

May 18th, 2015 Timing is everything: When you’ll find open houses

What are the most affordable cities for millennials?

Millennials, also known as Generation Y, are quickly becoming the largest group of homebuyers in the U.S. In 2013, Generation Y made up 32 percent of homebuyers, a 1 percent rise from the previous year, according to a study from the National Association of Realtors (NAR). In particular, adults in their early 30s are the largest group of buyers. Additionally, 13 percent of homebuyers are multigenerational families, such as parents and children or grandparents. The most common reasons for a multi-generational living arrangement are cost savings and accommodating adult children who a...

May 11th, 2015 What are the most affordable cities for millennials?

Executive Appointments at GenEquity Mortgage, Inc.

COPPELL, Texas - May 07, 2015 - GenEquity Mortgage, Inc., a leading mortgage provider, licensed in 18 states, has appointed William Clopton as the new Vice President of Mortgage Operations. In this role, Clopton will expand and manage the growing retail and existing relocation mortgage lending platform for GenEquity and will be responsible for the processing, underwriting, closing, appraisal and delivery functions. "I have worked with and known Bill for almost 15 years and I am excited to have a senior manager with his knowledge and experience join our team," said Richard Comparato,...

May 7th, 2015 Executive Appointments at GenEquity Mortgage, Inc.

Distressed sales fall to 2008 levels

Distressed sales, which account for real-estate owned (REO) and short sales, fell to a pre-recession low in February, according to a recent report from CoreLogic. Although distressed sales usually decrease in February because of seasonal factors, this year was the lowest since 2008, at 13.5 percent of all nationwide home sales. Distressed sales peaked at the height of the recession in January 2009, making up 32.4 percent of all home sales. REO sales accounted for 27.9 percent of this category during that time. For February, REO sales were down to 9.7 percent. “The ongoing sh...

May 1st, 2015 Distressed sales fall to 2008 levels