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Industry Leaders LPS and KMC Information Systems Form Strategic Alliance

Integration of LPS Technologies and CaseAware Case Management System Will Improve Foreclosure Processing Efficiency and Transparency 

Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, and KMC Information Systems (KMCIS), the leading provider of case management and integration technology to law firms and trustees, have formed a strategic alliance that will more fully integrate select LPS technologies with KMCIS’ CaseAware® platform and create an end-to-end foreclosure processing solution for loan servicers.

 Click here to read the full release

America’s housing market value soars to $27.5 trillionOpen in a New Window

America’s housing market value has drastically increased over the past year. As Zillow notes in the article, this goes to show just how important the housing market is.

 

Minecraft creator outbids Beyoncé and Jay Z for homeOpen in a New Window

What do you do after MicroSoft buys your game for $2.5 billion? You go and snatch a mansion right out from under two musical superstars.

 

Accenture: 3 big predictions for mortgage lending next yearOpen in a New Window

Ghazale Johnston, a managing director with Accenture Credit Services, outlined in an interview with HouingWire 3 topics she believes will take precedence in 2015. And here they are.

 

Ellen DeGeneres lists two Los Angeles condosOpen in a New Window

On screen, Ellen DeGeneres is known for her comedic talk show. But along with her days on television, DeGeneres is known for her love of fixing up and selling houses.

 

Looking back, the housing industry is totally ScroogedOpen in a New Window

It's been quite a year for housing. One could even say it's comparable to the Star Wars Holiday Special from 1978. Here are some of the more bizarre events from 2014.

 

Fitch Ratings: Housing in Texas and California are officially overvaluedOpen in a New Window

While many Americans’ wallets are thankful that gas prices are drastically low, Texas and California may not be as enthusiastic. And the root of the problem: Oil prices.

 

AmeriSave Mortgage joins 97% LTV pioneer clubOpen in a New Window

Only a handful of lenders so far have jumped on board the 97% LTV train, and AmeriSave Mortgage is the latest. Here's why they think it's a good choice.

 

OCC: Mortgage performance improves in third quarterOpen in a New Window

Mortgage activity may be slowing overall, but first-lien mortgages are continuing to show improvement. Here's how it broke out in the third quarter.

 

FHA loans could face "tidal wave of defaults"Open in a New Window

"The increase in risk for all the major government agencies over the past two years is cause for concern," said Stephen Oliner, co-director of AEI's center. "This is especially true for FHA loans, which would experience a tidal wave of defaults if we have another severe financial crisis."

 

Community bankers call on FHA to lower mortgage insurance premiumsOpen in a New Window

The FHA is getting back on its fiscal feet, but it's still charging premiums that the mortgage finance industry worry are too high. Here's what they want, and why.

 

What the hell is going on in the appraisal world?Open in a New Window

It’s incumbent upon all in the industry to understand and implement best practices, but when the VERY use of appraisal services doesn’t employ some level of disclosure we might have a few problems. These problems are occurring right now with the massive confusion going on within the valuation space.

 

Freddie Mac offloads $155 million of credit risk to insurersOpen in a New Window

As part of its continuing effort to limit the American taxpayers’ liability, Freddie Mac obtained a number of insurance polices designed to cover potential losses on a $155 million pool of single-family loans.

 

18 Senators, mortgage bankers tell HUD: Time to lower FHA premiumsOpen in a New Window

A group of 18 U.S. Senators and the Mortgage Bankers Association both sent letters to the U.S. Department of Housing and Urban Development on Thursday, stating that the time has come for the Federal Housing Administration to lower its mortgage insurance premiums.

 

Mortgage bond spreads tighten to lowest level in two yearsOpen in a New Window

Hesitant investors are driving down mortgage bond yield spreads to a level not seen in more than two years. Is the rise in overall yields to blame?

 

Fannie Mae: Will housing make full recovery in 2015?Open in a New Window

Although 2014 is wrapping up to be a less-than-stellar year for the economy, mortgage lenders believe 2015 will get the nation back on track. But will housing see a surge in activity? Yes, and no.

 

ditech to offer 97% LTV loansOpen in a New Window

Ditech Mortgage Corp is expanding its lending options again. The company is now the latest lender to to jump on board with the 97% LTV programs announced by Fannie Mae and Freddie Mac earlier this month.

 

Prime jumbo non-agency RMBS issuance grows slowly in 2015Open in a New Window

The future of the nonagency RMBS market will require private capital, but it's not clear how that can be achieved. Here are the details.

 

Zillow, Trulia shareholders green light mergerOpen in a New Window

The merger of online listings leaders Trulia and Zillow just got one step closer to completion. Here's how today's vote played out and what it means.

 

Fannie Mae explains 6 ways to push borrowers to refiOpen in a New Window

The FHFA continues to drill into homeowners that the Home Affordable Refinance Program and the Home Affordable Modification Program are not scams. To help push borrowers along, Robert Koller, director of credit risk management with Fannie Mae, gave six quick facts that could make all the difference to getting people to refinance.

 

Redfin raises $71 million for continued expansionOpen in a New Window

In the latest move in what has been a banner year in the battle for domination of the online real estate market, Redfin announced that it received a large injection of funding from several large investors. The company said that it plans to use the money to continue its growth.

 

Is your housing market on Santa’s naughty or nice list?Open in a New Window

Some housing markets are getting a new G.I. Joe with the kung fu grip. Others are getting a lump of coal, and with oil priced like it is...anyway, here are the nicest and naughtiest housing markets in America.

 

Freddie Mac: Mortgage rates once again drop to new yearly lowsOpen in a New Window

Mortgage rates have decreased throughout this year, recently hovering around 4%. And now, according to Freddie Mac's latest mortgage report, they're even lower.

 

Ocwen accused of stalling short salesOpen in a New Window

Ocwen just can't get out from under the spotlight of housing regulators. This time the servicer is being accused over whether it improperly stalled short sales by borrowers who owe more than their homes are worth.

 

Initial jobless claims decline slightly for the weekOpen in a New Window

Jobless claims declined slightly, with some of it being seasonal employment in time for the holiday season. Here are the details.

 

Countrywide whistleblower will receive $57 millionOpen in a New Window

The whistleblower at the center of the so-called "Hustle" case against Bank of America over Countrywide mortgage loans will also receive a hefty payout for his participation in the record $16.65 billion settlement between BofA and the U.S. Department of Justice to resolve claims over toxic mortgage-backed securities on residential mortgage loans sold to Fannie Mae and Freddie Mac.

 

Congressional budget bill kills HUD homeowner assistance programOpen in a New Window

One of the most ballyhooed features of the FHA’s plan to help ease credit availability is not going to happen, thanks to budgetary wrangling in Congress. The HAWK program is no more.

 

Political theater: Community groups giving HUD “Grinch of the Year” awardOpen in a New Window

Get ready for a little coal in the stocking for the FHA — community groups and housing advocates are protesting the Distressed Asset Stabilization Program. Here's what will happen Thursday.

 

Yellen talks interest rates and oil pricesOpen in a New Window

Federal Reserve Chair Janet Yellen commented on two hot topics in the market right now: interest rates and oil prices. And her answers might surprise you.

 

5 predictions for NYC real estate in 2015Open in a New Window

The Big Apple's real estate market faces some serious challenges and opportunities in 2015. Here's what one insider has to say.

 

Bank of America, U.S. Bancorp face another MBS suitOpen in a New Window

Some of the country's biggest banks are facing another mortgage-related lawsuit. This time the National Credit Union Administration Board is filing the suit, claiming that both Bank of America and U.S. Bancorp failed to review mortgage loan files for irregularities.
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