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  • Mortgage Rates Increase Slightly to 4.33%

    MARKET STUDIES

    Mortgage Rates Increase Slightly to 4.33%

    Author: Tory Barringer

    The average 30-year fixed mortgage rate came up to 4.33 percent (0.6 point) for the week ending April 24, up from 4.27 percent in the previous week, according to Freddie Mac’s latest Primary Mortgage...

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  • DS News Webcast: Thursday 4/24/2014
  • Total Home Sales and Prices Tick Slightly Upward in March

    MARKET STUDIES

    Total Home Sales and Prices Tick Slightly Upward in March

    Author: Colin Robins

    According to RealtyTrac's latest Residential and Foreclosure Sales Report for March and Q1 2014, U.S. residential properties sold at an estimated annual pace of roughly 5.2 million homes in March, a .4...

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  • New Home Sales Plummet 14.5% in March

    MARKET STUDIES

    New Home Sales Plummet 14.5% in March

    Author: Tory Barringer

    Monthly data released Wednesday by HUD and the Census Bureau shows sales of new homes last month plummeting 14.5 percent from February to an estimated seasonally adjusted yearly rate of 384,000. The last...

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  • Existing-Home Sales Slip in March

    MARKET STUDIES

    Existing-Home Sales Slip in March

    Author: Tory Barringer

    Total existing-home sales in March came in at a seasonally adjusted annual rate of 4.59 million, according to estimates from the National Association of Realtors. March sales fell .2 percent from February’s...

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NEWS

COMMENTARY

  • Are Mortgage Underwriters Exempt Employees?

    Are Mortgage Underwriters Exempt Employees?

    In order to qualify as an exempt employee under the Fair Labor Standards Act, an employer must show, among other factors, that the employee’s primary duty is “the performance of office or non-manual work directly related to the management or general business operations of the employer or the employer’s customer.”

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  • Compliance Critical: Field Manager Vendor Management Process Audits

    Compliance Critical: Field Manager Vendor Management Process Audits

    The Office of the Comptroller of the Currency states explicitly in an October 2013 bulletin guidance for risk management that it "expects more comprehensive and rigorous oversight and management of third-party relationships that . . . could cause a bank to face significant risk if the third party fails to meet expectations."

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