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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

Home eviction leads to grisly, tragic discoveryOpen in a New Window

Home evictions can uncover any number of problems, but an eviction in Detroit led to a very disturbing crime scene and the arrest of a mother.

 

Freddie Mac completes largest sale ever of seriously delinquent loansOpen in a New Window

Shortly after releasing the new requirements for the sales of non-performing loans, Freddie Mac announced its biggest sale yet of seriously delinquent loans from its portfolio. This one is nearly the same amount as the first two pilot sales combined.

 

B2R Finance launches first multi-borrower single-family rental securitizationOpen in a New Window

Moving into a new territory for the industry, B2R Finance announced its first multi-borrower SFR securitization transaction.

 

Twitter roundup of this week's top housing articlesOpen in a New Window

The list of the most-read HousingWire stories for this week is filled with some of the normal names in the mix, like the CFPB. However, another big name joined the list this week — Yahoo. This time we deliver the top-five list via Twitter. Happy Friday, everyone!

 

Will the Fed’s inevitable interest rate hike break a fragile recovery?Open in a New Window

Some are worried that the Federal Reserve’s coming interest rate hike could smothers the housing recovery. But not everyone thinks that way.

 

Florida homeowners can start claiming their $6.5M from SunTrustOpen in a New Window

Here's some good news for Florida homeowners who were impacted by SunTrust. The office of Attorney General Pam Bondi sent out official claim forms for borrowers to receive their share of the National SunTrust Settlement.

 

This 1 chart may boost housing’s outlookOpen in a New Window

The rough start for housing in terms of sales and starts in 2015 may give way to a better environment as the spring season heats up. This chart may show why.

 

The latest Federal Reserve data proves it’s still too hard to get a mortgageOpen in a New Window

According to the Federal Reserve, the recent news that mortgage credit availability increased slightly in February is counter balanced by the fact potential borrowers are still being rejected at a historically high rate. So, just how many are being rejected?

 

Fed: Wages grew in recession, went flat in recoveryOpen in a New Window

Home prices are outpacing wage growth, and it turns out that the biggest stagnation has been during the recovery, not the recession. Sound strange?

 

Final 4Q GDP estimate comes in below expectationsOpen in a New Window

Fourth quarter gross domestic product growth was unrevised overall, and disappointing. Here’s why it all fell short. Warning sign for 1Q15?

 

Ocwen offering indemnification to company directors and executive officersOpen in a New Window

By its own admission, Ocwen Financial is facing 21 pending investigations in 15 different states, is currently facing delisting by the New York Stock Exchange for delaying the release of its annual report, and has run afoul of investors and homeowners alike. Is that why it began offering indemnification to its directors and executive officers?

 

Here are the top 20 for-sale-by-owner marketsOpen in a New Window

Some of the nation’s most expensive markets are also the ones where homeowners are choosing to eschew the traditional methods of real estate and sell their homes without the help of a Realtor, real estate agent or broker.

 

ACA wants NY Supreme Court to reinstate Abacus lawsuitOpen in a New Window

ACA Financial Guaranty wants the supreme court in New York state to reinstate its lawsuit against Goldman Sachs over the Abacus CDO.

 

Congresswoman wants to put Fannie, Freddie profits in escrowOpen in a New Window

A congress member wants to put profits from the government sponsored enterprises in escrow. Is it so crazy it just might work?

 

‘Foolish’ survey: Will rising rates doom housing?Open in a New Window

Predictions are like armpits – every economist has two of them and thinks theirs are the only ones that don’t stink. Here’s what three had to say about interest rates and home sales.

 

Ellie Mae names new executive vice presidentsOpen in a New Window

Ellie Mae is promoting two of its own into executive vice president roles. The company announced this week that it is promoting Cathleen Schreiner Gates to executive vice president of sales and marketing and Joseph Tyrrell to executive vice president of corporate strategy.

 

Shaky housing market about to get even shakierOpen in a New Window

Over the past several years, despite Wall Street and the current administration’s efforts to artificially prop up the housing market with historically low interest rates and foreclosure-alternative programs such as moratoria, HAMP, HAFA and others, we discovered that the so-called housing recovery was simply rhetoric.

 

Lexmark purchases Kofax in massive acquisitionOpen in a New Window

In a giant move for housing, Lexmark International purchased document-capture software provider Kofax for approximately $1 billion. Will this be a gamer changer for online mortgages?

 

Yahoo launches feature-heavy mortgage calculatorOpen in a New Window

Google made waves in the mortgage industry earlier this year when it quietly launched a built-in mortgage calculator. Yahoo is joining the mortgage calculator game as well, but its built-in calculator is far more feature-rich than Google's option.

 

Online mortgage lender moves into New MexicoOpen in a New Window

Online mortgage lender Privlo continues to gain ground in the industry and announced its latest expansion into New Mexico. This is only the latest in a string of new expansions from Privlo.

 

Confirmed: White House tapping senior HUD advisor to head FHAOpen in a New Window

Former Freddie Mac executive and current senior HUD advisor is being named the new head of FHA.

 

MIT grad’s new housing theory upsets Piketty’s workOpen in a New Window

A recent MIT graduate’s new paper puts up one of the greatest critiques to Thomas Piketty’s book “Capital in the Twenty-First Century,” which is renowned as one of the most influential books in history. And one the paper’s main points that is gaining ground: Housing’s role in growing returns on capital.

 

Trulia’s Market Leader now available on ZillowOpen in a New Window

The fusion of Zillow and Trulia is taking another step forward, as Trulia’s Market Leader will now be available through Zillow’s Tech Connect Program.

 

Piketty’s Folly: Wrong on inequality, wronger on homeownershipOpen in a New Window

Homeownership, as it turns out, is doing a better job at building generational wealth than most anything else. It's almost as if there’s a flaw in popular socialist economic theory.

 

FBR Capital lowers target for Nationstar, keeps future EPS estimatesOpen in a New Window

FBR Capital lowered their target for Nationstar Mortgage from $30 to $25 following the company’s stock offering to raise capital and several MSR acquisitions.

 

Freddie Mac: Mortgage rates fall even lowerOpen in a New Window

The good news continues for homebuyers looking to jump into housing this spring as mortgage rates sink even lower and stay well below 4%.

 

RealtyTrac: Home prices outpacing wage growth in 76% of U.S.Open in a New Window

The housing recovery is real, but is it recovering too fast? Home prices are growing much faster than wages for a majority of the country, a new report by RealtyTrac shows.

 

CFPB: No concrete plans to extend TRIDOpen in a New Window

Industry talk quickly spread after a speech on Wednesday by Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, where he seemed to suggest that the CFPB might delay the Integrated Disclosure deadline. The CFPB is putting an end to the rumors.

 

United Wholesale Mortgage to offer Freddie Mac 97% LTV loansOpen in a New Window

United Wholesale Mortgage is set to become the latest participant in Freddie Mac’s Home Possible Advantage program, which features 97% loan-to-value mortgages.

 

FHFA: Refinance volume drops in JanuaryOpen in a New Window

Refinance volume dropped in January despite mortgage rates continuing to drop from the highs witnessed in late 2013. Will HARP see any revitalization?
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