Greenwich Estate Sells For Record $120 Million
One of the most expensive single-family residential properties in the U.S. sold last week for a whopping $120 million. Copper Beech Farm, a 51-acre property  [read more]
Wed, 16 Apr 2014 16:11:58 -0400
Bank Of America Settles With FGIC For $950 Million
Bank of America Corp. will pay $950 million to settle claims brought by mortgage insurer Financial Guaranty Insurance Co. (FGIC) and several groups of investors  [read more]
Wed, 16 Apr 2014 16:09:03 -0400
Wells Fargo Funding Expanding Acceptance Of E-Signatures, DocuSign Reports
DocuSign Inc. reports that its client, Wells Fargo Funding, is expanding its acceptance of e-signatures on mortgage documents. The news follows the Federal Housing Administration's  [read more]
Wed, 16 Apr 2014 14:48:47 -0400
March Housing Starts Up Slightly; Permits Below Estimates
Housing starts reached a seasonally adjusted annual rate of 946,000 in March - about 2.8% above the revised February estimate of 920,000 - but  [read more]
Wed, 16 Apr 2014 11:03:50 -0400
MBA: Mortgage Application Volume Up 4.3% Last Week
There are signs of new life in the housing market, as mortgage application volume increased 4.3% for the week ending April 11, on an adjusted  [read more]
Wed, 16 Apr 2014 10:50:40 -0400
Mixed Feelings About Reverse Mortgages
BLOG VIEW: I have mixed feelings about reverse mortgages. I think it was around 2010 that I first heard about the reverse mortgage by way  [read more]
Wed, 16 Apr 2014 09:45:09 -0400
Blueberry Systems Launches Version 3.0 Of RELAY LOS
Blueberry Systems has introduced version 3.0 of its RELAY loan origination system (LOS). The new version sports improved compliance validity, adaptation of social media principles  [read more]
Wed, 16 Apr 2014 00:00:00 -0400
IndiSoft Teams With Silanis To Add E-Signature Support To RxOffice
IndiSoft has integrated Silanis' e-SignLive e-signature solution into its RxOffice platform. "Our customers began asking about e-signatures for loan applications and counseling," says Sanjeev Dahiwadkar,  [read more]
Wed, 16 Apr 2014 00:00:00 -0400
National MI Now Licensed To Write Mortgage Insurance In All 50 States
Now that it has a green light from the Wyoming Department of Insurance to operate in Wyoming, National Mortgage Insurance Corp. (National MI) is now  [read more]
Wed, 16 Apr 2014 00:00:00 -0400
Home Builder Confidence Flat In April Despite Arrival Of Spring Buying Season
Despite the fact that the spring home buying season has arrived, builder confidence in the market for newly built, single-family homes was relatively flat in  [read more]
Tue, 15 Apr 2014 11:54:28 -0400
MBA: Mortgage Applications For New Homes Increased 15% In March
Mortgage applications for new home purchases increased by 15% in March compared to February, on an unadjusted basis, according to the Mortgage Bankers Association's (MBA)  [read more]
Tue, 15 Apr 2014 00:00:00 -0400
Nancy Barthel Joins Fay Servicing As SVP Of Operational Risk
Nancy Barthel, a certified mortgage banker and Lean Six Sigma Black Belt with more than 30 years of experience in the financial services industry, has  [read more]
Tue, 15 Apr 2014 00:00:00 -0400
Former Fannie Mae Official Joins Capco
Ed Watson, a former executive vice president and head of operations, technology and general services at Fannie Mae, has joined technology consultancy Capco as partner  [read more]
Mon, 14 Apr 2014 18:17:42 -0400
DebtX Revamps DXSyndicate Platform
DebtX, a provider of loan sale advisory and valuation and analytics services, recently updated its DXSyndicate platform to help syndication professionals better manage deal flow.  [read more]
Mon, 14 Apr 2014 18:07:03 -0400
HOPE NOW: Foreclosure Sales And Starts Fall To Lowest Levels Since 2007
Mortgage servicers processed about 42,000 loan modifications in February - a 5% decrease compared to the 44,000 processed in January, according to HOPE NOW, a  [read more]
Mon, 14 Apr 2014 16:52:17 -0400