Woodward Asset Capital, a developer of technology for the national real estate and mortgage servicing industries, announced in a press release it has acquired Homesource Realtors, a Michigan-based real estate brokerage.

According to a report from The Charlotte Observer, Wells Fargo is laying off another 700 mortgage workers across the country. The bank announced Thursday the layoffs would affect mortgage processors and underwriters the hardest. What is causing the lending giant to cut jobs nationwide?

RealtyTrac released its January 2014 Residential & Foreclosure Sales Report on Thursday, revealing institutional investors made up 5.2 percent of all U.S. residential property sales in January. Institutional investor sales are down from 7.9 percent in December, and down 8.2 percent from January, 2013.

The Data and Analytics division of Black Knight Financial Services issued their "First Look" at January mortgage performance data, noting foreclosure inventory has hit a new post-crisis low. The percentage of foreclosures from the inventory of loans, 2.35 percent, is the lowest since November, 2008.

The Walton Group of Companies, a family-owned real estate investment group in Texas, announced Tuesday John Vick has been named Regional President of the South Central region for Walton Development and Management (WDM). Vick returns to his home state of Texas, where he will join WDM’s team of land planners, engineers, and project managers in Dallas and Austin.

A Florida man was sentenced on Tuesday to serve 12 months and one day in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Vernell Burris Jr. was sentenced to prison along with two other previously sentenced co-defendants, Christopher Godfrey and Dennis Fischer, in a continuing SIGTARP case.

A new report released by DataQuick revealed Las Vegas homes sold at the slowest pace in five years this January as median sale price dipped from the previous month. Home prices remained 22 percent higher than a year earlier, but mirroring a national trend, price growth has slowed.

The Demand Institute, a non-advocacy, non-profit think tank jointly operated by the Conference Board and Nielsen, released Wednesday a new report entitled: "A Tale of 2000 Cities: how the sharp contrast between successful and struggling communities is reshaping America." The report "finds that a large proportion of housing wealth is concentrated in a relatively small proportion of America's cities, towns and villages."

According to a report issued by the National Association of Home Builders (NAHB), the average size of a new home is increasing, and the population of buyers may be the main reason for the average home's expanding size. Data culled from the Census Bureau and presented at NAHB's International Builder's Show in Las Vegas showed some interesting trends in new home production.

Global DMS, a provider of Web-based compliant valuation management software, announced that Forsythe Appraisals, LLC, the largest independent provider of residential real estate appraisals in the United States, is leveraging the eTrac Enterprise platform. The platform is expected to help manage appraisal ordering, tracking, and review for all of Forsyth Appraisals branch offices covering 40 major metropolitan areas across the country.