News

Recovery in housing markets across the country has varied widely when other factors enter the equation, such as how much economic growth the area has seen (particularly in employment and wages) and how much housing prices have appreciated.

Guardian Mortgage recently added Donna Greiner as SVP of Correspondent Lending in its Plano, Texas office. Greiner's mortgage career inlclude over 25 years' experience in loan origination, affiliated business arrangements, multi-state lending, construction lending, and multi-state REO sales.

The integration will allow lenders and AMCs who use the Mercury Network platform to place appraisal orders with ValuAmerica and streamlines communications by automatically passing order statuses and documents back and forth without the lenders having to modify their workflow.

Homeowners and appraisers don't agree on home values in general, but the gap is narrowing. Here's why.

The Federal Open Market Committee (FOMC) will convene next week for the last time this year and is expected to sweep the industry with a change to the federal funds rate, something that has not been done since June 2006. ...

The FSOC has the authority to designate institutions as "systemically important," which opponents say leaves the door open for taxpayer-funded bailouts.

Investors claim that JPMorgan Chase misled them as to the quality of the loans underwriting $10 billion worth of residential mortgage-backed securities, according to Bloomberg; the bank denies any wrongdoing.

Mortech, a Zillow Group business that offers technology solutions for mortgage bankers and secondary market teams, announced Tuesday that they will be integrating mortgage pricing and loan technologies with Calyx Software.

In an effort to enhance information security, Pro Teck Valuation Services announced Tuesday that the company has hired two new employees. Luc Levensohn will fill the newly created position of Chief Information Security Officer (CISO), that is expected to better the company's information security programs.

The loans are three years delinquent on average and approximately one-third of them have previously been modified and subsequently became delinquent.