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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

Safeguard Properties strengthens IT management with two promotionsOpen in a New Window

Safeguard Properties promoted two of its own, Amitha Rao and Rick Moran, into management positions for its IT operations.

 

Invitation Homes bringing another REO-to-rental securitization to marketOpen in a New Window

Both Morningstar and Kroll Bond Ratings Agency released presale reports for the securitization, with each awarding $328.91 million in AAA ratings to the offering's Class A tranche.

 

Ocwen’s bad week just got worseOpen in a New Window

Fitch said that it has “long-standing concerns” over Ocwen's aggressive growth and heavy concentration of offshore resources, and the current issues raise more concerns “over Ocwen's oversight of its systems and processes.”

 

GRAPHIC: Trulia’s housing scare reportOpen in a New Window

When it comes to purchasing a new home, what level of terror are you willing to put up with? Is a death in the home or the site of a former crime scene too much?

 

Bidder offers $3.2 million for 6,000 Detroit foreclosuresOpen in a New Window

Someone is stepping up to invest in Detroit, and while the person remains a mystery, an auction in Motor City of more than 6,000 foreclosed properties found an unidentified bidder who has offered $3.2 million for the buy.

 

This is the insane pool/patio video everyone is going crazy overOpen in a New Window

It’s the Hidden Pool, from California-based Hidden Water Pools, and they want to change the way we look at pools. It's nothing new, except it went viral this week. Dudes, mission accomplished.

 

Analysts: New home sales stall-out is a disappointmentOpen in a New Window

New home sales stalled in September to just 0.2% growth, following the previous month’s downwardly revised jump of 10%. Analysts think this is more an outlier than a trend, but any optimism is heavily qualified.

 

Freddie Mac: Here are the top 5 improving metro housing marketsOpen in a New Window

"The good news from MiMi this month is the improvement across more markets and not just the large markets like Los Angeles and New York which receive so much of the attention,” said Freddie Mac Deputy Chief Economist Len Kiefer.

 

Investors Unite hosts conference on Fannie, Freddie path out of conservatorshipOpen in a New Window

Investors Unite Executive Director Tim Pagliara will host a teleconference on Oct. 29 at 3 pm EDT to discuss a provocative new white-paper analysis on the future of Freddie Mac and Fannie Mae.

 

Toll Brothers CEO calls new mortgage rules dumbOpen in a New Window

Not every builder is on board with federal regulators’ move this week to open the credit box and ease mortgage-qualification standards. While other builders like PulteGroup and Ryland Group welcome the new rules, Luxury homebuilder Toll Brothers finds the rule dumb.

 

It’s official: Steve Horne out as Wingspan CEOOpen in a New Window

Despite repeated denials to HousingWire, Wingspan has made the news of Steve Horne's exit as president and CEO official, and named Jason Spooner, Wingspan’s executive vice president of national operations, as the company’s new president. According to Wingspan, Horne has been moved to a senior advisor position.

 

New home sales gains screech to a virtual halt in SeptemberOpen in a New Window

Gains in sales of new single-family houses in September 2014 came to a screeching virtual halt, printing at a seasonally adjusted annual rate of 467,000.

 

Black Knight: Foreclosure inventory lowest since February 2008Open in a New Window

At 1.76% of active mortgages, the nation’s inventory of loans in foreclosure is now at its lowest point since February 2008, according to the September report from the Data and Analytics division of Black Knight Financial Services.

 

HUD fines Cincinnati landlord for failure to disclose lead paintOpen in a New Window

According to the federal government, Meyer Management violated the Federal Residential Lead-Based Paint Hazard Reduction Act by failing to inform tenants that their homes may contain “potentially dangerous” levels of lead.

 

Quicken Loans rolls out two new home price/value indicesOpen in a New Window

Data junkies rejoice – Quicken Loans is rolling out two new indices that measure home value and home price perception.

 

Meet the new guidelines for single-family rentalsOpen in a New Window

The National Rental Home Council, the trade group for single-family rental homes created by the largest owner-operators in the space, has released operational guidelines for the entire single-family rental industry.

 

Jennifer Lawrence buys Jessica Simpson’s former homeOpen in a New Window

This Hunger Games star just purchased a new bachelorette pad for $8.225 million, but she's not the first celebrity to walk the halls of this Beverly Hills mansion.

 

Marriage ignites the desire to buy a homeOpen in a New Window

Marriage is no longer at the forefront of Americans' minds as more people choose to delay marriage, creating a ripple effect that pushes the prospect of homeownership further back.

 

Fannie Mae: Positive on U.S. economy despite global growth declineOpen in a New Window

Real economic growth in the U.S. appears ready to exceed 3% for the second half of the year, providing a sound basis for growth in 2015, according to Fannie Mae’s Economic & Strategic Research Group.

 

Blows keep raining down on Ocwen and its affiliatesOpen in a New Window

Like a Top 40 radio station, the hits just keep coming for Ocwen Financial in the wake of the latest broadside on Tuesday from the New York Department of Financial Services.

 

It's official: Risk retention rule approvedOpen in a New Window

The final version of the risk retention rule is now officially approved by six federal agencies, following the Federal Reserve’s final approval on Wednesday. The rule contains an exemption for Qualified Mortgages similar to when the rule was proposed in 2013.

 

Dimont & Associates terminates Wingspan relationshipOpen in a New Window

Dimont & Associates, which was acquired by Wingspan Portfolio Advisors in May 2013, announced Thursday that it terminated its relationship with Wingspan, as a result of "recapitalization by existing institutional investors including THL Credit."

 

This is why Fannie and Freddie mortgage initiatives won't workOpen in a New Window

Several newsworthy events have occurred over the past several days that would seem to indicate that the housing “recovery” is picking up steam. While that would be welcome news for our country in general and our industry in particular, these reports are tempered by the potential unintended consequences of certain actions either taken or not taken.

 

TILA-RESPA: Smart lenders are taking action todayOpen in a New Window

If you’re still filling out forms manually, or going back and forth between two or more different systems, you’re not going to survive — it’s just too time-consuming and costly.

 

Freddie Mac: Mortgage rates continue to fall below 4%Open in a New Window

Mortgage rates continued to fall after last week’s significant drop and dipped to the lowest level since the week of June 6, 2013, the latest Freddie Mac Primary Mortgage Market Survey said.

 

PulteGroup 3Q net income drops to $141MOpen in a New Window

"By remaining disciplined in our construction and land investment practices, we continue to improve our returns on invested capital while positioning the Company to take advantage of market opportunities,” said Richard Dugas, Jr., chairman, president and CEO of PulteGroup.

 

RealtyTrac: Seriously underwater homes hit 2-year lowOpen in a New Window

“The decrease in underwater properties is promising but the estimated $1.4 trillion in negative equity means that the flood waters are not receding as quickly as they were before, corresponding to slowing home price appreciation,” said Daren Blomquist, vice president at RealtyTrac.

 

Home-value growth peaks; cooling market puts bubble fears to restOpen in a New Window

Appreciation in home values is slowing definitively after nearly two years of accelerating year-over-year growth, according to the third-quarter Zillow Real Estate Market Report.

 

Barclays joins chorus with Ocwen warningOpen in a New Window

Barclays tells clients that while it may take time to determine the true extent of the practices Lawsky alleges Ocwen took part in, investors in non-agency residential mortgage-backed securitizations “should be more wary of a worst-case scenario,” when it comes to Ocwen.

 

CoreLogic revenue rises $18.1 million in 3rd quarterOpen in a New Window

Citing growth in its data and analytics division and a shifting business plan, CoreLogic reported an increase in revenue from $349.4 million in the second quarter to $367.5 million in the third quarter.
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