News

Bethesda, Maryland’s Overture Technologies, a provider of decisioning solutions for mortgage lending, and Residential Credit Solutions, Inc. (RCS), a Fort Worth, Texas-based mortgage servicing company, announced on Monday that RCS will implement Overture’s Mozart for Special Servicing to identify optimal workout options for delinquent borrowers.

Two Texas companies, SigniaDocs, a provider of electronic mortgage services, and World Wide Notary, a provider of electronic notarization, announced on Monday that they have integrated their platforms to support eSignatures and eNotarizations for any mortgage document or document set.

The U.S. Department of Housing and Urban Development (HUD) said it will delay the planned implementation of the Real Estate Settlement Procedures Act (RESPA) required use:http://www.hud.gov/news/requireduserule.

Santa Ana, California’s RealEC Technologies Inc., a provider of collaborative mortgage network solutions that is majority-owned by Lender Processing Services, today announced that it has surpassed a milestone of more than 42 million real estate orders processed through its network, since the company was founded in 1998.

In a rare television interview with CBS’ 60 Minutes:http://www.cbsnews.com/sections/60minutes/main3415.shtml this weekend, Federal Reserve Chairman Ben Bernanke told the American public that the U.

The Mortgage Asset Research Institute (MARI), a LexisNexis service, released a new report at the Mortgage Bankers Association’s (MBA’s) National Fraud Issues Conference in Las Vegas on Monday.

Treasury Secretary Timothy Geithner said this week that the administration is close to finalizing its plan for alleviating the burden of toxic mortgage assets, which many argue was the cause of the nation’s financial tailspin.

ForeclosureRadar, which tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for February 2009 on Thursday. The company said that Notices of Default have increased 21.

In a new report issued this week, Navigant Consulting, Inc. found that beyond the billions in writedowns, the credit crisis produced an alarming 576 new litigation matters filed in U.S. federal courts in 2008.

Pleasanton, California-based Ellie Mae announced on Friday the launch of the company’s HVCC-compliant appraisal services, a new program designed to help banker, lender, and broker clients comply with the GSEs’ Home Valuation Code of Conduct (HVCC) that goes into effect on May 1, 2009.