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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

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Moody’s downgrades Ocwen’s servicer ratingsOpen in a New Window

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."

 

What's next for Fannie and Freddie?Open in a New Window

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Washington Times picks up on discrimination, retaliation allegations at CFPBOpen in a New Window

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.

 

Freddie Mac: Top 5 most improved housing marketsOpen in a New Window

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 in 2Q dropped 16.6% YOYOpen in a New Window

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.

 

Who is Nat Hardwick?Open in a New Window

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.

 

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Banks agency MBS holdings decline in second quarterOpen in a New Window

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Former LandCastle Title CEO’s attorney calls embezzlement charges "false"Open in a New Window

“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.”

 

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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.
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