CFPB Sues Real Estate Law Firm For RESPA Violations
The Consumer Financial Protection Bureau (CFPB) is suing Louisville, Ky.-based real estate law firm Borders & Borders for allegedly paying illegal kickbacks for...
DocuTech, Veri-Tax Partner To Assist In IRS Verification Process
DocuTech Corp., a provider of compliance and documentation technology, has partnered with Veri-Tax, a supplier of verification and ability-to-pay solutions, to automate the...
Regulators Introduce Diversity Standards For Financial Institutions
Six federal financial regulatory agencies have introduced joint standards for assessing whether the organizations they oversee have proper policies and practices in place...
PCV Murcor Introduces Online Platform ValuationsDirect
PCV Murcor, a provider of real estate valuations, has launched ValuationsDirect, an online appraisal-ordering platform for mortgage brokers and correspondents. The company says...
ARCP Acquires Cole To Create Largest Net Lease REIT In The World
American Realty Capital Properties Inc. (ARCP) and Cole Real Estate Investments Inc. have signed a definitive agreement to merge the two companies -...
Trulia: Won’t You Be My Neighbor? (Especially If You’re A Homeowner)
Americans' opinions about their neighbors are influenced by a number of factors, including homeownership, according to the results of Trulia Inc.'s Trulia Neighbor...
Bank Of America Found Liable For Fraud In Mortgage Case
Following a four-week trial, a federal jury in Manhattan on Wednesday found Bank of America liable for fraud in connection with faulty mortgages...
Housing Market Jumps From Last Year, Investors Give Boost
U.S. residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annualized pace of about 5.67 million in September - up...
LPS: Mortgage Delinquency Rate Climbed 4.23% In September
The national mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) increased 4.23% in September to reach 6.46%...
FHFA: Home Prices Rose 0.3% In August
U.S. home prices continued on their upward trajectory in August, rising 0.3% compared to July, on a seasonally adjusted basis, according to the...
ValueLink Software Integrates With Platinum Data’s RealView
Houston-based ValueLink Software and Aliso Viejo, Calif.-based Platinum Data Solutions have entered into a partnership that integrates Platinum's RealView system with the ValueLink...
LPS Introduces New Loan Quality Assessment Tool
Lender Processing Services Inc. (LPS) has launched Quality Insight, a loan quality tool that assesses loan data and document accuracy. The company says...
National Effective Rent Growth Continues Deceleration In September
Axiometrics Inc., a Dallas-based provider of apartment data and research, reports that national effective rent growth, which has been moderating at the national...
TD Bank Seeks 140 New Mortgage Loan Officers
TD Bank has announced plans to hire 140 mortgage loan officers to support the bank's mortgage business. Since 2010, TD has seen a...
Survey Says Appraisers Foresee Continued Growth
Appraisers expect continued growth in mortgage lending appraisals and in specialized areas of consulting, according to a recent survey conducted by the Appraisal...
Cordray: CFPB Will Be ‘Sensitive’ To Lenders’ Compliance Efforts
Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), told a group of mortgage bankers today that he does not expect a...
NRMLA: Seniors See Home Values Increase 12.5% Since 2011
Americans age 62 and older saw their home values increase an average of 12.5% since the second quarter of 2011, according to a...
MERS System Content Now Available Through AllRegs
The current versions of two documents critical to users of the Mortgage Electronic Registration Systems (MERS) - the System Rules of Membership and...
New York State Home Sales Jump In Third Quarter
Motivated homebuyers dominated New York's summer housing market, powering 17.4% jumps in both statewide closed sales and pending sales during the third quarter,...
MBA’s Michael Fratantoni Promoted To Chief Economist
Michael Fratantoni, currently vice president, single-family research and policy development at the Mortgage Bankers Association (MBA), has been promoted to chief economist and...