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Author Archives: Brittany Dunn

Howard Hanna Real Estate Services Partners with Zillow

Howard Hanna Real Estate Services, a real estate company headquartered in Pittsburgh, recently joined the Zillow Listings Feed Program. This partnership enables Howard Hanna to automatically feed all of its 21,000 for-sale listings to the Zillow Web site, which will improve the real estate search experience for Zillow users in Pennsylvania, Ohio, West Virginia, and New York.

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Wells Fargo Continues to Deliver Modifications to Troubled Borrowers

Wells Fargo & Co. said it initiated or completed three modifications for every one foreclosure sale on owner-occupied properties from October 2009 through March 2010. As of March 31, the lender had 523,336 active trial and completed modifications through its own modification programs and the federal Home Affordable Modification Program (HAMP).

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Is Stabilization Around the Corner for the Office Market?

In a glimmer of hope for the commercial real estate market, the office sector may be nearing stabilization, according to the First Quarter 2010 National Office Trends Report released Wednesday by Cassidy Turley, a St. Louis-based commercial real estate service provider.

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The Upward Climb Comes to a Halt: Mortgage Rates Ease

The conclusion of the Federal Reserve's mortgage purchase program had many worried that mortgage rates would jump to sky-high levels. And the uninterrupted increase in rates during the weeks following the sunset of the program just added fuel to that fire. However, in a turn of events, mortgage rates retreated for the week ending April 15, 2010, Freddie Mac and Bankrate reported Thursday.

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New ICBA Chairman Aims to End Too-Big-To-Fail Doctrine

James D. MacPhee, CEO of Kalmazoo County State Bank in Schoolcraft, Michigan, was recently elected as 2010-2011 chairman of the Independent Community Bankers of America (ICBA), the only trade association dedicated exclusively to promoting the interests of locally-operated community banks and savings institutions. He said his No. 1 goal this year is to end the doctrine of too-big-to-fail.

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Wolters Kluwer Helps Lenders Stay Ahead of Regulatory Change

Regulatory compliance has become a major issue in the mortgage industry. And to help lenders stay ahead of pending state and regulatory changes, Wolters Kluwer Financial Services, a Minneapolis-based provider of compliance, content, and technology solutions and services for the mortgage industry, has added new functionality to its StateLink tool, a Web-based compliance knowledge base.

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Lenders One Partners With AllRegs to Ensure Compliance Preparedness

AllRegs, a mortgage information provider used by virtually all of the top 100 lenders and numerous government agencies, was recently named as the newest preferred vendor for Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders, and suppliers of mortgage products and services.

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PHH Mortgage Enhances its Sub-Servicing Platform

Mount Laurel, New Jersey-based PHH Mortgage Corporation, a private label outsourcing company that provides cost-effective mortgage solutions for financial institutions, real estate brokers, and government agencies, recently announced that it is has enhanced it sub-servicing offering, which allows organizations to outsource the servicing of their loans, including customer service, escrow administration, payment, and collections.

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GSEs Bolster Foreclosure Prevention Activities in Q4 2009

The Federal Housing Finance Agency (FHFA) recently released its Foreclosure Prevention and Refinance Report, detailing the actions the government-sponsored enterprises (GSEs) have taken to prevent foreclosures and keep people in their home. The findings were positive, showing notable improvements across the board.

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