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Declines in mortgage interest rates helped spur a pickup in refinances in August, even as interest in the Home Affordable Refinance Program (HARP) continues to wane.
Read More »HARP Volume Drops Despite Increase In Refinances
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Safeguard Properties Announces Two IT Promotions
Ohio-based Safeguard Properties, the nation's largest mortgage field services provider, has announced the promotion of two employees in its IT department. Amitha Rao has been promoted to VP for client systems and data analytics and Rick Moran has been promoted to the position of assistant VP of application architecture at Safeguard.
Read More »Ernst Publishing Updates Patented Technology to Meet CFPB Standards
New York-based real estate technology provider Ernst Publishing Company has updated the tax reporting capabilities of its patented closing cost and fee search engine technology to be compliant with the Consumer Financial Protection Bureau's (CFPB) new consumer disclosure rules which will go into effect in 2015.
Read More »KML Law Group Hires Senior Counsel
Pennsylvania-based law firm KML Law Group, a firm devoted to mortgage foreclosure, bankruptcy, ejectment, REO closing, and other real estate matters for secured real estate lenders, has announced that John F. Goryl, Esquire, has joined the firm as senior counsel as of October 1, 2014.
Read More »Report: REO Sales Account for More Than Half of All-Cash Transactions
The sales of REO properties, or those repossessed by lenders, accounted for more than half of all-cash sales in the U.S. in July, according to transaction data recently released by CoreLogic.
Read More »Castro Outlines HUD’s ‘Blueprint for Access’
U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro announced in a speech on Monday the points of HUD's "Blueprint for Access" meant to ease the risk of lenders while expanding credit.
Read More »‘King of Foreclosures’ Arrested, Charged with Bankruptcy Fraud
A Wisconsin man once known as the "king of foreclosures" and his adult son were arrested at their home Monday and charged with bank fraud and bankruptcy fraud.
Read More »Foreclosure Activity Way Down in New Mexico for Q3, September
Foreclosure activity plummeted in New Mexico both in the third quarter and in September, according to RealtyTrac's Q3 2014 Foreclosure Report recently released.
Read More »Financial Regulators Finalize QRM Rule
Federal regulators announced on Tuesday they have finalized a rule establishing a risk retention framework for mortgage lenders securitizing and selling loans.
Read More »The Wolf Firm Adds Five Attorneys
The Wolf Firm, an Irvine, California-based financial services law firm, announced recently the addition of several new attorneys (alphabetically): Mark T. Domeyer, Robert J. Jackson, Scott J. Jackson, Parnaz Parto, and Sonia A. Plesset.
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