Gateway Mortgage Group announced unprecedented growth in loan production volumes for 2012. In July, Gateway saw its best month on record, with loan volumes reaching more than $141 million.

As interest in converting REOs to rentals continues to boom, Lender Processing Services, Inc. (LPS) announced an agreement with RentRange to offer rental property income data.

Wolters Kluwer Financial Services announced the inclusion of default servicing documents as part of its document management services.

Federal officials announced Monday that a federal fugitive of 12 years was charged with identity theft and fraud after operating an illegal foreclosure-rescue scheme. Glen Alan Ward of Canada was indicted Friday on two counts of bankruptcy fraud, one count of mail fraud, and two counts of aggravated identity theft.

After surveying more than 1,800 active home sellers, Redfin found that some of its customers are holding back from selling now because they believe patience will pay off in the form of higher offers for their home. The survey revealed that 38 percent of respondents plan to wait more than a year before selling their home, while 25 percent said they plan on selling now. Homeowners also expressed optimism for future home prices, with 80 percent believing they are bound to get a higher price for their home after a year or two.

PennyMac Mortgage Investment Trust announced Friday that it has priced 15 million common shares for public offering. According to a company release, PennyMac will use proceeds from the offering to fund a portion of the purchase price for a portfolio of residential mortgage loans, to fund the continued growth of its lending business, to acquire additional mortgage loans, and for general use.

The Washington Supreme Court ruled Thursday that Mortgage Electronic Registration Systems, Inc. (MERS) can't foreclose on a property through the state's non-judicial process unless it holds the promissory note. In the court opinion, Justice Tom Chambers wrote, ""Simply put, if MERS does not hold the note, it is not a lawful beneficiary.""

Oh behalf of the Securities Industry and Financial Markets Association (SIFMA), managing director Tim Cameron prepared remarks for a meeting in San Bernardino County to once again, express opposition towards the area's proposed use of eminent domain. In his remarks, Cameron stated, ""we believe that the use of eminent domain would significantly harm mortgage finance markets, reduce access to credit for borrowers, and negatively impact average investors' portfolios."" San Bernardino County and the cities of Fontana and Ontario created a Joint Powers Authority to explore the use of eminent domain to seize underwater mortgages at fair market value.

HUD is asking for the public to bring their innovative ideas to the agency's new online platform, Innovation of the Day.

As the housing market continues to show signs of improvements, looked to motivate its members to become leaders in the housing industry at an annual conference.