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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

Best places to score a Black Friday deal on a houseOpen in a New Window

It’s Black Friday. Shoppers are landing all sorts of retail deals at their favorite stores. But the deals go beyond just the cash register. Here’s a list of the top cities for also securing a great deal on a home purchase.

 

Goldman Sachs launches first jumbo mortgage bond since crisisOpen in a New Window

One of the most notorious names from the mortgage crisis is back. Goldman Sachs, which was at the forefront of the toxic mortgage crisis that nearly crippled the U.S. economy, is preparing to launch its first post-crisis prime jumbo residential mortgage-backed securitization.

 

Texas apartment group joins disparate impact challengeOpen in a New Window

Should disparate impact theory be allowed in Fair Housing Act issues? The Texas Apartment Association is going all in to say no, and here's what it could change.

 

Credit Suisse settles Assured Guaranty mortgage lawsuitOpen in a New Window

Assured Guaranty said in a statement posted on its website that it had reached an agreement to resolve the dispute without disclosing the terms.

 

Jobless claims jump 21K in one weekOpen in a New Window

Right when you'd think holiday hiring would be picking up, jobless claims rise 21,000 in one week. This does not bode well.

 

Freddie Mac: Here are the top 5 improving metro markets for housingOpen in a New Window

September's top five improving metro housing markets according to Freddie Mac's latest Multi-Indicator Market index only repeated 2 cities, leaving room for two cities in one southern states to get their names on the list.

 

BofA’s $16.65 billion toxic mortgage settlement gets green lightOpen in a New Window

With all of the regulatory and legal complications now ironed out, the massive $16.65 billion settlement between Bank of America, the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities is now finalized.

 

John Levonick named chief compliance counsel for Opus CMCOpen in a New Window

Opus Capital Market Consultants, a provider of mortgage due diligence, announced that is has named John Levonick as the company’s new chief compliance counsel. Levonick will lead the company's regulatory and compliance efforts.

 

The Census Bureau is cooking the new home sales numbersOpen in a New Window

High initial print that beats expectations is followed by a dramatic downward revision. This didn't happen once, but for the last five months straight.

 

Pending home sales reverse courseOpen in a New Window

Despite pending home sales posting a slight decline, it is still above year-over-year levels for the second month straight, and the rest of the news for homes sales doesn’t look bad either.

 

Former Dallas Cowboys QB Troy Aikman lists Dallas homeOpen in a New Window

After selling his long-time home in the chic Dallas enclave of Highland Park, former Dallas Cowboys quarterback Troy Aikman purchased two homes last year, one for $4.6 million and another for $4.3 million. Now, Aikman is looking to sell the more expensive of the two homes and he’s looking to make a profit as well.

 

Freddie Mac: Mortgage rates stay frozen heading into holidaysOpen in a New Window

Mortgage rates once again barely budged from last week’s numbers, with most staying unchanged. Here’s where rates stand heading into Thanksgiving weekend.

 

New home sales squeak out weak gain in OctoberOpen in a New Window

New home sales squeaked out a 0.7% gain, but that's only because of smoke and mirrors and a weird surge in the Midwest. Take a look.

 

Mortgage apps fall 4.3% despite low mortgage ratesOpen in a New Window

Mortgage rates are still at long-term lows but despite ticking up last week, mortgage applications remain doggedly down. Here's how it breaks down.

 

The 12 hottest housing markets right nowOpen in a New Window

RealtyTrac’s data for October breaks out the housing markets with the most price gains, the ones that are slowing, and what’s happening with short sales and foreclosures. Where does your market fit in, and what does it mean?

 

Median home price in October increases to highest since Sept. 2008Open in a New Window

Price appreciation slowed in more than half the major metro markets, but 20 of them reached a new post-recession high. Here's what that means going forward for housing.

 

Chad Neel joins Solutionstar as executive vice presidentOpen in a New Window

Solutionstar has hired Chad Neel as the company’s new executive vice president of servicing solutions. In this role, Neel will focus on launching new product, technology and service offerings for existing and new customers.

 

FirstKey announces expanded single-family rental loan programOpen in a New Window

FirstKey is courting single-family rental investors by offering an expanded financing program. The company expects the program to reach both institutional and entrepreneurial investors seeking loans up to $5 million.

 

Second jobs create obstacles for home buyersOpen in a New Window

The government is working to expand the credit box, but it just is not happening fast enough as borrowers with second jobs struggle to qualify for mortgages.

 

NYC broker jailed for burglarizing $7.6 million home he soldOpen in a New Window

A Manhattan real estate broker will spend the next three to nine years of his life in jail after he was found guilty of burglarizing a $7.6 million townhouse on the Upper West Side. So how did he choose his target? He was the broker who handled the sale of the house.

 

Excessive regulation of mortgage lending drags down bank profitOpen in a New Window

Banking revenues were up but there's an elephant in the room called mortgage lending, and around that elephant's neck is an albatross. Guess what its name is.

 

Home price gains strongest in monthsOpen in a New Window

Despite the September slowdown in home price growth, Capital Economics says the future for housing looks better than you think.

 

FHFA changes Fannie and Freddie REO sales policyOpen in a New Window

The Federal Housing Finance Agency updated one of its policies relating to the sale of real estate owned properties. It’s not really a huge market change, but it is worth a mention.

 

Collateral Analytics adds John Duchouquette as SVPOpen in a New Window

Collateral Analytics, which develops analytic products and tools to support financial institutions, investment banks, appraisers, real estate brokers, and real property capital market activities, added John Duchouquette as senior vice president focusing on executive account management and developing new markets.

 

Higher fees proposed for FHA mortgagesOpen in a New Window

A provision in the Transportation, Housing and Urban Development and Related Agencies Appropriations Act for Fiscal Year 2015 could cost mortgage lenders more money than necessary. At least that is what the Mortgage Bankers Association argues in this letter.

 

Mortgage lending reverses yearlong trendOpen in a New Window

The NY Fed report also shows that the amount of mortgage debt held by households increased by $35 billion from the second quarter to the third quarter, rising to a total of $8.13 trillion. But how did the rest of the mortgage market fare?

 

HOAs have a new weapon in dealing with delinquenciesOpen in a New Window

A recent Nevada Supreme Court may provide HOAs a much needed tool in dealing with delinquencies. How will it affect SFR risk?

 

FHFA: Home prices absolutely flat in SeptemberOpen in a New Window

Home prices were absolutely flat in September, following a weak August, according to the Federal Housing Finance Agency.

 

Does Fannie Mae support appraisers?Open in a New Window

They kind of do as long as they can use an appraisers’ analysis and opinions in a platform to punitively rate their work against the work of their peers. But what happens when the appraiser doesn't score well enough?

 

S&P Case-Shiller: Home-price growth maintains downward trendOpen in a New Window

The pace of home price growth continues its downward trend as top cities across the country report a slight decline in price increases.
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