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Over 75 HUD Homes Hit the Auction Block This Weekend in Seattle

The real estate auction house Hudson & Marshall is putting more than 75 HUD-owned homes in the Seattle, and Tacoma, Washington area up for sale this weekend. The auction will be held at the Seattle Airport Marriott on Saturday, December 14 at 1:00 p.m. (PST). Hudson & Marshall is also offering live simulcast online bidding during the auction through its H&MLive! Web portal.

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LoanSifter Hosts QM-Focused Webinars

LoanSifter, a Wisconsin-based company specializing in technology for loan originators and secondary departments, is hosting two industry panels this week to address concerns and strategies revolving around the soon-to-be-implemented qualified mortgage (QM) rule.

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DataQuick Enhances Standard Recorder Layout with Expanded Data

DataQuick, a real estate information solutions firm headquartered in San Diego, announced it has expanded its Standard Recorder layout to provide a more comprehensive view of properties and transactions. The expanded layout allows for the creation of a custom bundle devoted to key loan transaction intelligence, including data on 12 million loan modifications, loan terms on four million mortgages, interest rates on 600,000 loans, and details on 525,000 reverse mortgages.

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Markets Approach Normalcy as Foreclosure Crisis Enters ‘Ninth Inning’

The national foreclosure crisis is reaching its end as many markets work their way toward normalcy, according to the latest U.S. Foreclosure Market Report from RealtyTrac. As major evidence of this trend, RealtyTrac reports foreclosure starts reached a 95-month low in November. At the same time, overall foreclosure activity across the nation declined by 15 percent from October to November, while year-over-year, activity was down 37 percent.

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FHA Updates Underwriting Guidelines for Evaluating Borrower Risk

The Federal Housing Administration (FHA) issued new guidelines for manually underwritten loan applications that should improve a lender's ability to evaluate borrowers' risk and reduce credit requirement ""overlays"" that exceed FHA's lending standards. The agency says the move will help restore its depleted Mutual Mortgage Insurance Fund from which it pays claims without forcing lenders to over-tighten credit standards.

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Freddie Mac’s Mortgage Portfolio Shrinks at Fastest Rate This Year

Freddie Mac's mortgage book of business contracted at an annualized rate of 6.4 percent in October, marking the fourth consecutive month of declines. The book has registered declines in seven of the first 10 months of 2013, according to Freddie Mac's monthly volume summary. October's pace of decline was the highest rate so far this year and is up from a 4.3 percent annualized rate reported for September.

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QuestSoft Named One of Orange County’s Best Workplaces

QuestSoft Corp., an automated mortgage compliance software provider, was one of 50 companies named in the Orange County Register's list of the top small companies to work for, which was based on surveys conducted with more than 60,000 employees from more than 1,000 companies across Orange County.

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Title Insurance Premiums Rise 14% in Third Quarter

Title insurance premium volume rose 14 percent during the third quarter of 2013 when compared to the same period a year ago, according to the American Land Title Association (ALTA). Based on the national trade group's market share analysis for Q3, the title insurance industry generated $3.4 billion in premiums over the July-to-September period, compared to $3.0 billion in the third quarter of 2012.

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Treasury Adds New Compliance Metrics to Making Home Affordable

The servicer assessment component of the Making Home Affordable (MHA) program has been enhanced with new compliance metrics and benchmarks to measure the impact of servicer performance on the borrower's experience. Individual servicer assessments are conducted quarterly to identify areas of non-compliance and drive improvements in servicers' execution of the federal program.

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