News

The nation's economy continued to grow at a brisk clip in the third quarter, slowing down from the prior period but still beating forecasts.

Nationwide valuation and review services company Allstate Appraisal, based in Chicago Heights, Illinois, and computer-aided appraising technology pioneer Bradford Technologies, based in San Jose, California, have announced the launch of Valuation Express, a desktop appraisal product that incorporates third-party property inspections.

The number of "zombie" foreclosures in the U.S. declined both quarter-over-quarter and year-over-year in the third quarter of 2014, according to RealtyTrac's Q3 2014 Zombie Foreclosure Report released today.

Wells Fargo & Company is teaming with several housing organizations to announce the formation of the Cincinnati chapter of the Wells Fargo NeighborhoodLIFT program, an initiative designed to offer $5.2 million from Wells Fargo to improve Cincinnati neighborhoods and increase homeownership in the area.

Foreclosure inventory and the number of completed foreclosures nationwide both saw significant year-over-year declines in September, according to CoreLogic's September 2014 National Foreclosure Report released on Wednesday.

The Federal Open Market Committee (FOMC) of the Board of Governors of the Federal Reserve System today announced that its asset purchase program, known as QE3 (quantitative easing) will end this month, citing sufficient economic growth.

Examiners from the Consumer Financial Protection Bureau (CFPB) found that some mortgage servicers violated federal laws while supervising for compliance, CFPB announced recently.

Pennsylvania-based loan risk management firm LoanLogics has announced the introduction of a new signature examination tool that will make it easier to audit signatures contained in loan documents.

Bank of America's record $16.65 billion settlement with several government agencies over the sale of toxic residential mortgage-backed securities (RMBS) has been stalled by an internal disagreement within the U.S. Securities and Exchange Commission (SEC), sources familiar with the case said in a report from Bloomberg News.

Freddie Mac's mortgage portfolio grew in September, marking the second month of positive growth in the year's first nine months.