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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

HomeStar Property Solutions officially opens Texas officeOpen in a New Window

"It's an important next step for HomeStar," said Bradley Trapnell, senior vice president of business development for HomeStar, who helped establish the Dallas location. "There are many incentives to having an office in Dallas; being close to mortgage servicing and investor clients, and having access to a tremendous base of industry talent was chief among them."

 

Watch the CFPB hearing on mortgage closings LIVEOpen in a New Window

Below you can view the live event as it happens. HousingWire will be hosting the archived event after.

 

CFPB: 3 biggest pains in mortgage closingsOpen in a New Window

The Consumer Financial Protection Bureau has found that many consumers are frustrated by the short amount of time they have to review a large stack of complex closing documents when finalizing a mortgage. And they are pushing their eClosing pilot as a way to alleviate that.

 

WSJ's Lewis: Fed's corrupt policies cost savers hundreds of billionsOpen in a New Window

Al Lewis doesn’t mince words over at MarketWatch, charging that the Federal Reserve’s zero interest rate policy is costing savers hundreds of billions, and the trade off in helping provide a safety net for real estate and banks isn’t worth it.

 

4 metrics reveal California's true housing marketOpen in a New Window

A handful of new reports on California reveal the real story of what's going on in the Golden State, and while there is good news, the state will still have to overcome several obstacles.

 

Trulia: The 10 fastest- and slowest-moving marketsOpen in a New Window

Trulia has put together a list of the fastest- and slowest-moving housing markets in America.

 

New home sales plummet 14.5% in MarchOpen in a New Window

Sales of new single-family homes in March plummeted 14.5% to a seasonally adjusted annual rate of 384,000, hitting the lowest level since July 2013, the U.S. Census Bureau reported Wednesday.

 

Scores are in: Top improving states and metrosOpen in a New Window

Freddie Mac released the February numbers for its latest Multi-Indicator Market Index, which shows that still more than half of the top 50 metro areas continue to record improving trends.

 

Should Uncle Sam really be subsidizing the American Dream?Open in a New Window

It may sound like heresy to some in the industry, but Catherine Rampell has a point in the Washington Post today – a home is not a good investment.

 

Mortgage activity drops 3.3%Open in a New Window

After rising last week slightly to break a streak of four weeks of straight declines, mortgage applications dropped 3.3%, according to the Mortgage Bankers Association’s weekly mortgage applications survey for the week ending April 18.

 

Flagstar posts big loss in shrinking mortgage marketOpen in a New Window

"During the quarter, we made the determination to significantly bolster our loan loss reserve estimates which results in an increase to the loss coverage period from approximately 12 months to 18 months," Flagstar CEO Sandro DiNello said.

 

Fracking decreases property values as much as 15%Open in a New Window

“This is not a short-term boom,” said Harry Weiss, of Ballard Spahr’s Environment and Natural Resources Group. "This is a many, many, many year process. Someday, somewhere, somehow you’re going to see it everywhere.”

 

HUD’s Donovan: This is the worst rental crisis in this nation, everOpen in a New Window

Secretary of the United States Department of Housing and Urban Development Shaun Donovan called on members of Congress to pass housing finance reform now because “this might be the only chance we have to get something done in this decade.”

 

Sen. Warren publishes "A Fighting Chance"Open in a New Window

The U.S. senator who helped birth the Consumer Financial Protection Bureau, who raised $43 million to run for senate while decrying money in elections, who allegedly practiced law without a license in Boston, and who many on the right nicknamed “Faux-cahontas” has written a book.

 

3 ways Canada beats the U.S. leaves out 1 huge factorOpen in a New Window

Canada officially outpaced America’s middle class and is now home to the richest middle class on the planet. But one key metric was left out of the report: housing.

 

GSEs lower expectations on housing market for 2014Open in a New Window

The government-sponsored enterprises are lowering their housing expectations for 2014, citing shrinking inventory and tightened credit standards among other reasons.

 

Grandmother evicted from HUD home for cigarettesOpen in a New Window

An 89-year-old grandmother is being kicked out of her HUD home for smoking cigarettes.

 

The 10 greenest places to liveOpen in a New Window

In honor of Earth Day, here are the greenest cities in the country. The geographical disbursement might surprise you.

 

Citi CEO to get $17.6M compensation for 2013Open in a New Window

A week after the worst quarter Citi has seen in memory, shareholders voted to compensate CEO Mike Corbat with $17.6 million for his performance in 2013.

 

Fitch: 7 factors that will shape the housing market in 2014Open in a New Window

Despite the anemic housing market start so far in 2014, housing metrics should improve later this year, according to Fitch Ratings’ Chalk Line report.

 

Here’s why the spring buying season is kicking off flatOpen in a New Window

The pent-up housing demand apparently saw its shadow and is still in hiding – existing home sales declined in March, the first real month of the spring buying season, even as prices continue to rise.

 

Robbing...er, Regulating banks is where the money isOpen in a New Window

Gentleman bank robber Willie Sutton is famously (and incorrectly) remembered for saying he robbed banks “because that’s where the money is.” Turns out though, the real money is in being a bank regulator.

 

5 lists that reveal the state of the recoveryOpen in a New Window

It's not new news that the housing market is improving as delinquency and foreclosure rates decline to levels not seen since October 2007 and 2008, respectively.

 

Fewer mortgage defaults drive MGIC profitOpen in a New Window

"I feel the company is in an excellent position to take advantage of the housing recovery," said Curt Culver, CEO of MGIC.

 

Out with housing recovery, in with unaffordability?Open in a New Window

As the lingering impact of the housing recession starts to fade, where does affordability stand?

 

Altisource stock yo-yo's after Lawsky’s calloutOpen in a New Window

Altisource’s stock bounced all over the map after news of New York State’s Department of Financial Services Superintendent Benjamin Lawsky's letter broke on HousingWire.

 

Trulia announces partnership with My Florida Regional MLSOpen in a New Window

The partnership with My Florida Regional MLS is part of Trulia’s Data Connect program, which enables MLSs to sign direct data licenses with Trulia and support brokers’ efforts to market their listings and brands on Trulia.

 

Assurant acquires StreetLinks in $60 million dealOpen in a New Window

The deal also includes a potential earnout payment based on future performance.

 

Gallup: Most investors see real estate as best long-term betOpen in a New Window

Real estate is considered by most investors one of the best long-term bets, according to a poll by Gallup.

 

Cushman Wakefield bullish on housing marketOpen in a New Window

Cushman & Wakefield may be the first to plant the flag to declare that the housing market has recovered, but they are walking back any more confidence than that about where the market will go in 2014.
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