Zillow To Buy Trulia?
Rumors are swirling that online real estate listing service Zillow Inc. is seeking to acquire rival Trulia Inc. Zillow could pay as much as $2  [read more]
Thu, 24 Jul 2014 18:09:55 -0400
Ginnie Mae To Go Paperless Starting Sept. 1
Ginnie Mae reports that it is moving from a paper-based issuer application process to an electronic system. Starting Sept. 1, applicants will be required to  [read more]
Thu, 24 Jul 2014 17:33:55 -0400
RealtyTrac: 17.2% Of All U.S. Homes Seriously Underwater In Q2
About 9.1 million U.S. residential properties, or 17.2% of all homes with a mortgage, were seriously underwater - where the combined loan amount secured by  [read more]
Thu, 24 Jul 2014 14:58:00 -0400
Freedom Mortgage Funded $2 Billion In Loans In June
Despite declining mortgage originations, Freedom Mortgage Corp., a privately held, full-service mortgage lender licensed in all 50 states, reports that it funded more than $2  [read more]
Thu, 24 Jul 2014 11:22:52 -0400
FormFree Wins Patent For Its AccountChek Solution
FormFree Holdings Corp. reports that it has been issued a patent for its AccountChek automated asset verification system, which allows lenders and consumers to instantly  [read more]
Thu, 24 Jul 2014 10:48:26 -0400
Flagstar Bank Names Urban Lending Solutions Appraisals An Approved AMC
Troy, Mich.-based mortgage lender Flagstar Bank has named Urban Lending Solutions Appraisals (ULSA) an approved appraisal management company (AMC). ULSA is currently providing appraisal services  [read more]
Thu, 24 Jul 2014 10:43:16 -0400
Mortgage Lender Ditech Using Ellie Mae's Encompass
Fort Washington, Pa.-based Ditech Mortgage Corp. is now using Ellie Mae's Encompass loan origination system. Ditech is a growing company that offers residential mortgage products  [read more]
Thu, 24 Jul 2014 10:18:10 -0400
New Home Sales Dropped 8.1% In June As Production Fell
Sales of new single-family homes fell a dramatic 8.1% in June, compared to May, and were down 11.5% compared to June 2013, according to estimates  [read more]
Thu, 24 Jul 2014 00:00:00 -0400
Ed Fay: Servicing Non-QM Loans Will Require High Touch Approach
PERSON OF THE WEEK: Ed Fay is founder and CEO of Fay Servicing, a special servicer and mortgage originator founded in the midst of the  [read more]
Thu, 24 Jul 2014 00:00:00 -0400
CFPB, FTC, States Take Action Against Three Foreclosure Relief Companies
The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission and 15 states have brought action against three different foreclosure relief firms for engaging in  [read more]
Wed, 23 Jul 2014 16:00:26 -0400
Realogy To Acquire ZipRealty For About $166 Million
Realogy Holdings Corp. is acquiring ZipRealty Inc. for $6.75 per share in an all-cash transaction valued at approximately $166 million. Richard A. Smith, chairman, CEO  [read more]
Wed, 23 Jul 2014 11:48:47 -0400
NAR: Existing-Home Sales Increased 2.6% In June
Existing-home sales increased to a seasonally adjusted annual rate of 5.04 million in June from an upwardly revised 4.91 million in May - a 2.6%  [read more]
Wed, 23 Jul 2014 11:11:05 -0400
MBA: Mortgage Application Volume Seesawing In July
Mortgage application volume continued to seesaw, increasing 2.4%, on an adjusted basis, during the week ending July 18 after dropping slightly the previous week, according  [read more]
Wed, 23 Jul 2014 00:00:00 -0400
The Good News And Bad News On REO Deed Fraud
BLOG VIEW: There's good and bad news for lenders when it comes to real estate owned (REO) deed fraud as we head into the third  [read more]
Wed, 23 Jul 2014 00:00:00 -0400
Freddie Mac's July Outlook Shows Mixed Results After 'Bittersweet' First Half
As we head into the second half of 2014, there is a mixed bag of results for the housing recovery, according to government-sponsored enterprise (GSE)  [read more]
Tue, 22 Jul 2014 13:36:24 -0400