Prices for previously owned Manhattan condominiums rose to a record last month even as an increase in the supply of units eased competition among buyers.
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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Winter brought a surprise polar vortex that fed into a spring home-buying season that didn’t produce astounding results, but the remaining month of summer and rest of the year are projected to finally produce strong housing activity.
In the second quarter on average flippers bought properties for an 8% discount below their estimated market value and re-sold them at an average 6% premium above their estimated market value.
Home-price growth has slowed across the board, and Capital Economics says the slowdown is on track to meet the company's forecast for inflation to slow to 4% in 2015.
Moody's suggests that the scrutiny from the Securities and Exchange Commission and the New York Department of Financial Services "could restrict Ocwen's activities, levy monetary fines, or take additional actions that could negatively affect the company's financial strength and servicing stability."
By the end of the year the Federal Housing Finance Agency will have to have a new set of housing goals for Fannie Mae and Freddie Mac. As a result, the agency is looking ahead and planning its housing goals for 2015 through 2017.
Bank of America asked U.S. District Judge Jed Rakoff in Manhattan to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
Minority borrowers are not being squeezed out of housing. People with bad credit and without down payments or the ability to repay are being squeezed out. And you know what? They should be.
Look at those six key points again and tell which of them you could solve without expertise in the tech arena. As such, let’s look at the bare bones of digital solutions you’d need in place to tackle those six points.
The Washington Times on Wednesday published a well-reported, well-written, detailed account of the allegations of racial discrimination, retaliation, mismanagement and hostility at the Consumer Financial Protection Bureau.
While the housing recovery remains at a snail’s pace, it is still improving, with the markets that exhibit stronger local economies and favorable demographics on an even faster pace of improvement. And these 5 metros top the charts for most improved.
Title insurance premium volume declined 16.6% during the second quarter of 2014 when compared to the same period a year ago, according to American Land Title Association, a trade association for the industry.
Since HousingWire first broke the news of his resignation on Tuesday, former LandCastle Title CEO Nat Hardwick’s internet presence has slowly been disappearing, but a HousingWire investigation has revealed exactly what kind of lifestyle Hardwick led prior to the news of this week becoming public.
Fannie Mae is saying goodbye to its iconic, mansion-like headquarters, located at 3900 Wisconsin Ave. Instead, the company is opting to move into one single, leased office.
FICO scores will ignore debts that have been paid off or settled, and a lesser weight will be assigned to medical bill collections, which account for about half of all unpaid collections on consumers’ credit reports, according to a note from MGIC.
Eligible Florida borrowers have a little over two weeks to claim their share of the giant Ocwen Financial Services settlement, with just 10,244 filed claims out of 31,036 qualified Floridians.
The National Information Center has released consolidated financial statements for bank holding companies for the second quarter, according to a client note from Barclays, showing agency MBS holdings decreased by $4 billion for the top 50 banks by assets in their HTM and AFS portfolios.
July was able to pick up for the lag seen in the housing market in June as pending home sales return to positive increases, marking the fourth time the index has increased in the last five months.
It was an morning of unexpected surprises -- an upwardly revised GDP, and a Campbell's tomato soup shower.
Mortgage rates barely moved due to mixed news on the housing market heading into the holiday weekend, with the 30-year, fixed-rate mortgage averaging 4.10% for the week ended Aug. 28.
Real gross domestic product – the output of goods and services produced by labor and property located in the United States – increased at an annual rate of 4.2% in the second quarter of 2014.
In Invitation Homes’ $1 billion single-family rental securitization, which launched earlier this year, the cash flow vacancy rate of the underlying properties fell to 5.4% as of July 31, down from June’s revised figure of 6.2%.
“Anybody who knows Nat knows that he loves the law firm, its employees, the attorneys and the firm’s many loyal clients,” Ed Garland, the attorney representing Nat Hardwick, said in a statment. “He would never knowingly or intentionally take money he was not entitled to or harm the firm or its clients in any way. The law firm was profitable, and Nat believed that all of the money he received was properly distributed to him as his share of the profits of the firm.”
The U.S. District Court for the District of Minnesota issued rulings in three cases that are favorable to Mortgage Electronic Registration Systems.
Veros Real Estate Solutions’ automated valuation model VeroVALUE and its other AVMS are integrating into Calyx Software’s Point software.
Black and Hispanic Americans are less likely to apply for a mortgage than any other ethnic group, and it looks like QM and ability-to-repay rules are exacerbating the problem.
zipLogix and Realty Pilot, a developer of enterprise software and data analytics for the real estate industry, entered into a strategic partnership, integrating Realty Pilot’s OfferRunway.com technology to zipForm Plus.
In a new effort to help provide home financing to service members, five top lenders commit to the Obama Administration’s new program to help people in the military save hundreds of dollars or more each year.
One of the most active mortgage fraud schemes going in these states - and across the country - lures borrowers into paying big fees to a "specialist" for a quick loan modification. But the scams don't stop there.
The lawsuit alleges that former CEO Nat Hardwick used his access to “systematically deplete” the firm’s and title company’s accounts for “his personal benefit.” According to the court records, Hardwick allegedly misappropriated at least $30 million from the companies’ accounts through various measures. The news came to light after Fidelity National Financial bailed out LandCastle Title and stepped in as 70% owner.