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Patrick Barnard
Patrick Barnard is a seasoned journalist with more than 20 years of experience in newspapers, magazines and online media. Prior to becoming editor for MortgageOrb.com, as well as Secondary Marketing Executive and Servicing Management magazines, he worked as a regional editor for AOL's Patch Media, covering daily news in lower Fairfield County, Conn. He also held editor roles with Technology Marketing Corp. and Penton Media. He started his career in journalism as a reporter for The Darien Times, a weekly newspaper servicing Darien, Conn., eventually rising to the rank of editor. He has also done freelance work for a number of publications. He can be reached at pbarnard@zackin.com.
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Rising Prices Put Real Estate Investors On Hold

Posted by Patrick Barnard on June 06, 2013

Now that property values are increasing, real estate investors plan to buy fewer properties in the next 12 months, according to a survey of 3,020 adults conducted in May by ORC International for MemphisInvest.com and Premier Property Management Group. What's [Read More]

Rebounding Housing Market Driving Job Growth, Study Finds

Posted by Patrick Barnard on June 06, 2013

The cause and effect relationship between the housing market and job creation is well established. Historically, when people have returned to work following a recession, it has bolstered the housing market (although it can be argued that household income is [Read More]

FHA Could Need Bailout Before Year-End

Posted by Patrick Barnard on June 05, 2013

Could the Federal Housing Administration (FHA) end up in the same boat as Fannie Mae and Freddie Mac? Despite efforts to shore up capital by raising fees, the cash-strapped agency may need a bailout totaling up to $1 billion before [Read More]

LPS’ Loan Quality Gateway Now Integrated With Global DMS’ eTrac Platform

Posted by Patrick Barnard on June 05, 2013

In order to help clients achieve efficient appraisal transaction processing in a fully compliant manner, Lender Processing Services Inc. (LPS) has integrated its Loan Quality Gateway, powered by RealEC, with the Global DMS eTrac Enterprise platform. The integration means LPS [Read More]

Valuation Vision Taps Diane Swanson As Senior Vice President Of National Sales

Posted by Patrick Barnard on June 05, 2013

Diane Swanson has joined Valuation Vision, a nationwide provider of alternative valuation products and technology solutions, as senior vice president of national sales. Swanson has nearly 30 years of real estate valuation and technology experience. Prior to joining Valuation Vision, [Read More]

Certified Home Inspections Now Inspecting Short Sales And Foreclosures

Posted by Patrick Barnard on June 05, 2013

Inspecting homes that have gone through foreclosure or which are being offered on a short sale basis is a tricky business. Very often, these homes have problems that are ‘hidden’ from the buyer, sometimes resulting from a malicious act on [Read More]

Stearns Lending Hires Vishnu Karra As SVP Of Production Applications

Posted by Patrick Barnard on June 05, 2013

Former Bank of America technology executive Vishnu Karra has joined mortgage lender Stearns Lending as senior vice president, production applications. In his new role, Karra will be responsible for the management, implementation and support of mortgage originations technology solutions and [Read More]

Cole Taylor Bank To Bring All Mortgage Servicing In-House

Posted by Patrick Barnard on June 04, 2013

Having recently completed the purchase of mortgage servicing rights to approximately 4,600 loans from Liberty Savings Bank, as well as related office space and equipment, Cole Taylor Bank, through its Cole Taylor Mortgage division, is now ready to establish its [Read More]

CoreLogic: Home Prices Rise For 14th Consecutive Month

Posted by Patrick Barnard on June 04, 2013

Home prices increased 12.1% nationwide from April 2012 to April 2013, the biggest year-over-year increase since February 2006, according to CoreLogic. As of April, home prices had increased for 14 consecutive months, according to the real estate data analytics firm's [Read More]

RFR Secures $100M, 10-Year Financing For Park Ave. Property

Posted by Patrick Barnard on June 04, 2013

Real estate investment firm RFR Holding LLC has closed $100 million in financing for 345 Park Ave. South in Manhattan. The office floors are 100% occupied by Digitas, a digital marketing firm, which has leased its space through November 2021. [Read More]

Ishbia Named CEO Of United Shore Financial Services

Posted by Patrick Barnard on June 04, 2013

United Shore Financial Services (USFS) has tapped its current president, Mat Ishbia, to serve as its next CEO. He will succeed Kip Kirkpatrick, USFS' present CEO, who will take a seat on the company's advisory board. Ishbia also heads up [Read More]

Rich Kuegler Promoted At DataQuick

Posted by Patrick Barnard on June 04, 2013

San Diego-based real estate solutions provider DataQuick has promoted Rich Kuegler to senior vice president of branch production for DataQuick Title, formerly Rels Title. In his new role, Kuegler will oversee the operations of DataQuick Title's local market offices nationwide, [Read More]

Equity Loans Enters Wholesale Market, Adds Kingsley Kodan As SVP Of Sales

Posted by Patrick Barnard on June 04, 2013

In an effort to leverage alternate channels and build a stronger foundation for future operations, Atlanta-based residential mortgage provider Equity Loans LLC has reportedly expanded into the wholesale market. The lender reports that it now has wholesale licensing in more [Read More]

Stonegate Mortgage Corp. Now Offering Non-Agency ‘Jumbo’ Home Loans

Posted by Patrick Barnard on June 04, 2013

Fresh from raising $115 million in capital through a private sale of its common stock, Indianapolis-based Stonegate Mortgage Corp. is now offering non-agency ‘jumbo’ home loans through its network of retail offices, as well as through its more than 700 [Read More]

Mortgage Insurer Triad Guaranty Inc. Files For Chapter 11

Posted by Patrick Barnard on June 04, 2013

Seeking court protection from creditors, North Carolina-based mortgage insurance company Triad Guaranty Inc. has reportedly filed for Chapter 11 and may end up being sold or liquidated. The filing reportedly follows a North Carolina circuit court judge's decision to deny [Read More]

DocMagic’s eSign Approved By Equifax

Posted by Patrick Barnard on June 03, 2013

Equifax has reportedly approved DocMagic Inc. as an eSign provider for electronic IRS 4506-T requests. Equifax reports that it has been accepting orders electronically signed with DocMagic eSign since January. The approval means DocMagic customers seeking to verify income can [Read More]

LPS Empower Users Now Have Access To Equifax Undisclosed Debt Monitoring Solution

Posted by Patrick Barnard on June 03, 2013

Loan originators using Lender Processing Services' (LPS) Empower loan origination system now have direct access to the Equifax Undisclosed Debt Monitoring solution via the Empower platform, thus making it simpler to monitor borrowers for undisclosed debt. The integration means Empower [Read More]

Investors Learn Hard Way That Foreclosure Auction Scams Don’t Pay

Posted by Patrick Barnard on June 03, 2013

Federal authorities are reportedly cracking down on the illegal practice of rigging bids on foreclosed properties at bank auctions. According to a report in USA Today, federal prosecutors have charged 54 people and two companies for illegal bid-fixing in the [Read More]

Envoy Mortgage Using FICS Mortgage Servicer

Posted by Patrick Barnard on June 03, 2013

Houston-based Envoy Mortgage is now using Financial Industry Computer Systems' (FICS) Mortgage Servicer platform to manage its loan servicing operations. Envoy Mortgage had been outsourcing its loan servicing to a subservicer but recently decided to bring operations back in-house. As [Read More]

Texas Builder Settles With CFPB Over Allegations Of Kickbacks

Posted by Patrick Barnard on June 03, 2013

The Consumer Financial Protection Bureau (CFPB) recently reached a settlement with Texas homebuilder Paul Taylor, whom the agency accused of taking kickbacks for referring mortgage origination business to Benchmark Bank and Willow Bend Mortgage Co. As per the settlement, Taylor [Read More]