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Advantage Title Introduces GFE Rate Calculator

In response to the new regulations under the Real Estate Settlement Procedures Act (RESPA), Advantage Title, Inc. has launched GFEz--a RESPA-compliant Good Faith Estimate (GFE) rate calculator that delivers easy online calculation of title- and escrow-related fees.

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Legislated Risk Retention Is No Substitute for Good Underwriting: Report

Both the House bill for financial regulatory reform and the draft Senate bill currently being debated include across-the-board risk retention provisions for home mortgages. The idea is to ensure lenders have more ""skin in the game,"" to prevent the risky practices that ignited the housing crisis. But according to a new study by the Community Mortgage Banking Project, such mandated risk retention is ""no substitute"" for good underwriting and could significantly raise the cost of home mortgages.

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DartAppraisal.com Joins Forces With FirstClose

In an announcement Tuesday, Dartappraisal.com, a Troy, Michigan-based provider of nationwide residential real estate valuations, said it has integrated with FirstClose, a service of First Lenders Data Inc. (FLDI), an Austin, Texas-based technology solutions provider to mortgage lenders nationwide.

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National Price Reductions Fall Below 20%: Trulia

With the buy-now attitude fading, national home price reduction levels continued to decrease this month, according to a recent report by San Francisco-based Trulia, Inc., a real estate search engine. As of March 1, 19 percent of listings on the market had experienced at least one price cut, falling 10 percent from the previous month to the lowest level since Trulia began tracking price reductions in April 2009.

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National Quick Sale and Hollander Financial Partner on Short Sales

National Quick Sale announced Tuesday that it has entered into a business partnership agreement with real estate and mortgage services provider Hollander Financial Holding Inc. Through this venture, National Quick Sale plans to promote the use of its short sale platform's capabilities through Hollander's nationwide network of real estate professionals.

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Appraisal Organizations Oppose Use of BPOs in HAFA Program

Several appraisal organizations, representing more than 35,000 real estate appraisers, are voicing their opposition to the Home Affordable Foreclosure Alternatives (HAFA) program, set to take effect April 5, 2010. The program allows broker price opinions (BPOs) to be used to determine the value of properties to establish a minimum offer for a short sale. The trade groups argue that the use of BPOs will not protect all parties interests and is likely to open the door for fraud.

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Equator Launches PRO REO Solution Aimed at Middle Market

Equator, a Los Angeles-based software provider for the default servicing industry, announced Monday the launch of its new Professional REO solution. The company explained that PRO REO encompasses all the power and best practices of Equator's enterprise REO application in an affordable, quick and easy to adopt solution for the middle market.

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Founder of Citadel Capital Advisors Joins Deutsche Bank

Deutsche Bank Securities, Inc., a global investment banking firm with regional headquarters in New York, announced Friday that it has appointed Steve Abrahams as managing director and head of securitization and mortgage-backed securities research within the firm's global markets division.

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