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MERS Judgment Upheld by Rhode Island High Court

MERSCORP Holdings, Inc. has won yet another victory in a long list of lawsuits filed against the company. The company recently announced that the Rhode Island Supreme Court affirmed that Mortgage Electronic Registration Systems, Inc. (MERS) had the authority to assign a mortgage for foreclosure.

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California AG Busts Statewide, Multi-Million Dollar Housing Scheme

California officials on Wednesday arrested five individuals who allegedly ran a statewide housing scheme involving the fraudulent seizure of at least 23 homes in nine counties. Allegedly, since 2006, the group--which includes two attorneys and one individual who remains at large--unlawfully used the state's adverse possession laws to obtain titles on properties they had identified as abandoned.

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Awards and Additions for Stewart

January has been a busy month for Stewart. Two key executives have been lauded for their accomplishments, and the company has added another power hitter to the team. Stewart Information Services Corp.'s chief economist Dr. Ted C. Jones has been recognized in the 2013 Swanepoel Power 200 list.

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Prospect Mortgage Expands Local Footprint

Prospect Mortgage, LLC is expanding its footprint. The Dallas-based lending company has acquired certain assets of the retail mortgage branch operations of Excel Mortgage Servicing, Inc. Impac Mortgage in four Western states.

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Radian Offers Training and Resources on QM Compliance

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group, announced the availability of additional training and resources to help lenders comply with the new Qualified Mortgage (QM) rule that went into effect on January 10. Radian's 45-minute webinars discuss how QM impacts MI and the company's QM-compliant product options.

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Florida Law Firm Rebrands and Expands Service to Puerto Rico

The veteran-, minority-, and woman-owned default services law firm founded by Marisol Morales, Esq., recently announced its expansion into Puerto Rico and a name change from Morales Law Group, PA, to Millennium Partners. The firm says the new name better reflects its expanded market reach and growth in staff.

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Compass Real Estate Services Welcomes New EVP

Compass Real Estate Services, a subsidiary of Compass Property Services, announced the appointment of industry veteran J. Glenn Hollis as EVP and regional manager. Compass Real Estate Services is an exclusive cooperative of brokers, providing real estate services to institutional and consumer clients throughout the Southeast United States.

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