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Author Archives: Rachel Daniels

HELOC Fraud Prompts ITAC to Issue Identity Theft Warning

A new mortgage fraud report released by the Federal Bureau of Investigation, which showed an uprise in people having their Home Equity Lines of Credit (HELOC) accounts compromised by identity thefts, has prompted the Identity Theft Assistance Center (ITAC), a nonprofit organization funded by financial services companies, to release a warning about mortgage fraud, which they term a low risk, high-yield criminal activity.

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Titanium Solutions Appoints Erekson as New President

Salt Lake City-based Titanium Solutions, Inc.);/*1215445111233*/, a company which helps re-establish contact between mortgage servicers and homeowners, announced today that EVP and cofounder, Spencer Erekson, will be promoted to president.

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Fitch: Despite Affordability, Housing Market is Anemic

Fitch Ratings said Wednesday that all the data analyzed this year indicates that the housing sector will continue to lag behind and will remain weak well into next year. The ratings agency goes as far as calling the spring season a bust when it comes to home sales, and Fitch fears a boon is nowhere in sight.

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Red Vision Adapts TitleVision Platform for New House Title

Parsippany, New Jersey-based Red Vision, a provider of real property research solutions, announced their recent partnership with New House Title, a Florida-based foreclosure service firm, to adapt Red Vision’s Title Vision solution to meet New House’s expanding business needs.

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ForeclosurePoint Announces Launch of BrokerOffice

Bellevue, Washington-based ForeclosurePoint, a part of DepotPoint, Inc., announced the launch last week of BrokerOffice, which allows real estate brokers and agents to turn their personal Web sites into foreclosure property portals.

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MPEC Report Examines Mississippi Foreclosure Rates

Mississippi homeowners are among the hardest hit in the nation when it comes to trouble in the housing market, according to a new report released by the Mississippi Economic Policy Center state, which has the highest rate of subprime lending in the country, also has the eighth highest foreclosure rate and the highest percentage of borrowers with past due home loan payments in the country with 11-percent of loans past due, compared to six percent of mortgages nationally.

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NAR Reports a Rise in February Home Sales

The National Association of Realtors announced yesterday that sales of existing homes rose in February to a seasonally adjusted annual rate (1) of 5.03 million units, a 2.9 percent increase over January’s sales.

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