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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.

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Pavaso tech solution delivers closing in under 15 minutesOpen in a New Window

“We had to verify the times with the escrow officers because we didn’t believe it at first," said Amny Moser, vice president of mortgage services at Mountain America Credit Union. "Digital closings are proving that secure delivery of documents prior to closing is not only convenient to our members, but extremely effective.”

 

Freddie Mac’s Frank Nothaft joins Corelogic as chief economistOpen in a New Window

After spending nearly 30 years with Freddie Mac, including the last 13 years as Freddie Mac’s chief economist, Frank Nothaft is leaving the government-sponsored enterprise to join Corelogic as the company’s senior vice president and chief economist.

 

Fannie Mae: Collateral Underwriter not disrupting appraisalsOpen in a New Window

Before appraisers decide to shoot down any positive side to Fannie Mae’s Collateral Underwriter, Fannie said that they need to see it in action. In an exclusive interview with HousingWire, the enterprise explains what their true goals behind today's launch and how they aren't bad at all.

 

Arch MI launches new mortgage insurance companyOpen in a New Window

Arch MI announced it is opening a new mortgage insurance company right as the market starts to increase focus in that area due to new regulations. The new company, AMG, is a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations and is not subject to GSE requirements.

 

FHFA hearing: GOP fear housing policy headed for Crash 2.0Open in a New Window

Is the housing policy being charted by the Obama Administration one that will expand housing opportunities or steer us into dangerous waters? Rep. Waters applauds the latest Fannie, Freddie initiatives. While Rep. Hensarling indicates it is "dumb regulation."

 

S&P Case-Shiller: Is housing ready for spring homebuying season?Open in a New Window

The spring homebuying season is just a couple months away. Due to the latest report on the continued slow down in home price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.

 

New home sales in December rise an unbelievable 11.6%Open in a New Window

New home sales just hit a seven-year high, but skepticism grows about the accuracy of reports with a margin of error in the mid-teens. Here are the details.

 

Redfin: January home prices up, demand at record levelOpen in a New Window

Growing inventory, growing demand and growing interest from first-time buyers are three reasons why Redfin is forecasting a strong January and a strong 2015. Here’s how it breaks down.

 

First wave of ‘boomerang buyers’ become eligible for mortgagesOpen in a New Window

The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home.

 

BlackRock discloses ownership stake in AltisourceOpen in a New Window

A Monday filing with the Securities and Exchange Commission shows that BlackRock is more than an interested party in the mortgage-backed securities whose loans are serviced by Ocwen and its affiliates. BlackRock also owns a substantial stake in Altisource Residential.

 

MRIS to provide direct listings to ZillowOpen in a New Window

Members of one of the nation’s largest multiple listing services, Metropolitan Regional Information Systems, will no longer need to worry that they won’t be able to send their listings directly to Zillow once Zillow’s listing agreement with Listhub ends on April 7.

 

Fannie Mae: Mortgage lending will see dramatic growth in 2015Open in a New Window

The mortgage business is set to substantially grow in 2015, with 88% of lenders surveyed by Fannie Mae saying that they are looking to expand their mortgage origination business, and 70% looking to expand their mortgage servicing business.

 

FHFA Director Watt goes before House committee TuesdayOpen in a New Window

Federal Housing Finance Agency Director Mel Watt will appear Tuesday morning before the House Financial Services Committee hearing on sustainable housing finance. Here's what's waiting for him in the arena.

 

Lone Wolf Real Estate buys Millennium Real Estate SolutionsOpen in a New Window

Lone Wolf Real Estate acquired Millennium Real Estate Solutions, expanding offerings to boards and associations across Canada for listing management and data collection.

 

United Wholesale Mortgage launches own LOSOpen in a New Window

As one of the reported top wholesale lenders in the industry, United Wholesale Mortgage took on the challenge of releasing its own loan origination system. The result takes into account standard elements, along with new unique features.

 

Ocwen: Mortgage bond investors mislead public, push foreclosuresOpen in a New Window

Ocwen fired back at claims of mortgage payment negligence, saying that the mortgage bond investors that accused it of failing in its duties as servicer have ulterior motives. “Your letter obscures the ultimate objective of your investor clients: to stop servicers from modifying loans and force them to foreclose on and evict as many struggling homeowners as quickly as possible,” Ocwen said in response.

 

California settlement puts Ocwen on a leashOpen in a New Window

It appears that the threat by the State of California to suspend the mortgage license of Ocwen Financial is over, at least for now. The beleaguered nonbank confirmed that it settled with the California Department of Business Oversight, which was threatening to suspend Ocwen’s mortgage license.

 

Solutionstar completes acquisition of Title365Open in a New Window

Solutionstar expects to speed operations through added efficiency, by using Title365’s licenses to expand into new geographic markets, particularly in California. Here's how.

 

Sindeo's twist on modern mortgage lendingOpen in a New Window

Although the industry is moving online, Sindeo’s new mortgage model adds its own spin on the standard online application, one that views a loan officer as a necessity.

 

January existing home sales come in flat compared to DecemberOpen in a New Window

Auction.com's Nowcast provides an early peek at existing home sales for January, and compared to December's number, it's like the highway between Dallas and Fort Worth — no curves. Here are the details.

 

D.R. Horton beats expectations, 1Q revenue jumps 38%Open in a New Window

D.R. Horton fared well in the first quarter, with its homebuilding revenue jumping 38% to $2.3 billion, putting it in a strong position to enter the spring selling season.

 

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with CaliforniaOpen in a New Window

Ocwen ended its disastrous week on Friday by settling with the state of California for $2.5 million — but that's just to ensure the state gets the information it asked for. Any violations that turn up once it has the information could be a whole other ball of wax.

 

Ocwen sued by investors for mortgage payment negligenceOpen in a New Window

Some of the country’s biggest mortgage bond investors, reportedly including BlackRock, MetLife, and Pimco, are preparing to sue Ocwen, saying that the beleaguered nonbank failed to properly collect payments on $82 billion of home loans.

 

Zillow plans event to “hack” housingOpen in a New Window

Zillow is planning a weekend “hackathon” where developers will be challenged to invent the most innovative way to make it easier for buyers to find an affordable home. The prize for the most creative idea? $10,000.

 

Rarity: BofA celebrates new branch opening in DenverOpen in a New Window

News comes as bank continues to ditch hundreds of branches in many other markets. The bank is also experimenting with simpler "express" branches, those that do not employ tellers.

 

Greystone adds Raphael Inzlicht as VP of developmentOpen in a New Window

Greystone, a New York-based real estate development and financial group, added Raphael Inzlicht as the company’s new vice president of development. In this role, Inzlicht will lead new ground-up construction projects in New York’s five boroughs.

 

This housing market will never be savedOpen in a New Window

According to one bold housing columnist, housing will never spring back to its pre-recession levels. Despite all the government’s best attempts to spur activity again, these headwinds will remain.

 

Freddie Mac: Hybrid ARMs are “hot”Open in a New Window

Hybrid adjustable-rate mortgages continue to be the most popular ARM loan product offered by lenders and chosen by borrowers, according to the 31st Annual Adjustable-Rate Mortgage Survey of prime loan offerings from Freddie Mac.

 

Hedge fund claims Ocwen breached bond covenantsOpen in a New Window

Hedge fund BlueMountain Capital Management sent notices of default to embattled nonbank Ocwen Financial and its affiliated company, Home Loan Servicing Solutions on Friday, saying that Ocwen’s regulatory troubles have caused an “irrefutable” default on notes the hedge fund owns.

 

Zillow, Trulia merger expected to get FTC go-aheadOpen in a New Window

While shareholders approved the deal last month, there were a few hold-ups from regulators. By midday today the share price is up more than 5% for Trulia and more than 10% for Zillow.
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