Troy, Michigan-based real estate law firm Fabrizio & Brook, P.C., recently announced that John D. Stoddard has joined the firm to oversee the judicial foreclosure and commercial workout departments.
Read More »LenderLive’s GuardianDocs Launches New Asset Validation Solution
Domestic-based mortgage services provider LenderLive Network, headquartered in Denver, Colorado, has announced that its GuardianDocs division has launched a solution known as FACTCheck.
Read More »SIGTARP Investigations, Audit Teams Receive Awards for Excellence
The investigations team and the audit team of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), in conjunction with federal partners, were recognized for excellence by the Council of the Inspectors General on Integrity and Efficiency (CIGIE), SIGTARP recently announced.
Read More »Anonymous Bidder Puts Up $3.1 Million for Distressed Homes in Detroit
An anonymous bidder offered slightly more than $3.1 million in an auction last week to buy more than 6,000 foreclosed homes in Detroit, according to Wayne County, Michigan, Chief Deputy Treasurer David Szymanski.
Read More »Foreclosure Inventory, Delinquencies See Declines in September
In September, foreclosure inventory in the U.S. fell to its lowest level in more than six years while delinquencies also significantly declined, according to Black Knight Financial Services' "First Look" at September Mortgage Data released on Friday.
Read More »LenderLive Appoints Regional Account Executive for Correspondent Lending
Domestic-based mortgage services provider LenderLive Network, Inc., has announced that Dan Biebel has joined the company as the regional account executive for the firm's correspondent lending division.
Read More »Same Three States Top Negative Equity List in Q3 for Fourth Straight Quarter
Nevada, Florida, and Illinois were the top three states in negative equity for residential properties in the third quarter of 2014, marking the fourth consecutive quarter those three states led the nation in that category, according to RealtyTrac's Home Equity & Underwater Report for Q3 2014 released Thursday.
Read More »Fed, SEC Approve Risk Retention Rule
The residential mortgage loan risk retention rule, known as the "qualified residential mortgage" (QRM) rule, was approved on Wednesday by the U.S. Federal Reserve Board and the Securities and Exchange Commission (SEC), the last two of six federal agencies to approve the rule, according to the Fed.
Read More »Fannie Mae Expects Slow But Sure Housing Growth in 2015
Where the U.S. housing market is concerned, Fannie Mae chief economist Doug Duncan said he is anticipating overall weaker home sales in 2014 than in 2013. But he expects that overall home sales in 2015 will post their best performance since 2007 despite seeing only moderate growth for the year.
Read More »Seriously Underwater Mortgage Rate Sinks to Lowest Level in Two Years
The number of U.S. homeowners who were seriously underwater in the third quarter declined 11 percent from the previous quarter, hitting its lowest level in more than two years, according to RealtyTrac's Q3 2014 Home Equity & Underwater Report released Thursday.
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