Data through May 2009 released Tuesday by Standard & Poor's show that, although still negative, the annual rate of decline in home prices improved for the fourth consecutive month this year.
Read More »RedVision Hires Arizona State Manager
Parsippany, New Jersey-based RedVision, a national provider of real property research solutions, has announced the hiring of Scott Pearson as Arizona state manager.
Read More »Foreclosure Sales Boost Las Vegas Market
Home sales in the Las Vegas region in June climbed to their highest level since December 2006 as more than two-thirds of all buyers in the resale market continued to snap up foreclosures, according to a new report from real estate researcher MDA DataQuick.
Read More »Echarte to Head Douglas Wilson Companies' New Miami Office
Douglas Wilson Companies, a national problem resolution and real estate services firm, has opened a new office in Miami and appointed seasoned commercial real estate lending professional Terri Echarte as regional managing director to lead its South Florida operations.
Read More »Strategic Analytics Enhances MBS Analysis
Santa Fe, New Mexico-based Strategic Analytics Inc. , a provider of stress testing and forecasting solutions for retail lenders, announced Thursday a partnership with Maryland’s BlackBox Logic, LLC, a provider of loan-level mortgage data and cash flow analysis for securitized mortgage products.
Read More »Fiserv: Price Corrections Continue
Wisconsin-based Fiserv, Inc. has published a new analysis of home price trends based on the Fiserv Case-Shiller Home Price Index and data from the Federal Housing Finance Agency (FHFA). The company says the U.
Read More »Florida AG Sues Mortgage Mod Companies
Florida Attorney General Bill McCollum filed a lawsuit against four related South Florida mortgage companies this week. McCollum alleges that FHA All Day.Com and owner Jason Vitulano, as well as three other affiliated companies, charge up-front fees for loan modification services, purportedly collecting up to $1 million on a monthly basis.
Read More »Freddie Partners With Stewart Subsidiary to Help Servicers Handle Mod Volumes
Freddie Mac has announced an agreement with Home Retention Services, Inc., a wholly-owned subsidiary of Stewart Lender Services, Inc., to help regional servicers process thousands of backlogged applications for Making Home Affordable modifications.
Read More »House Committee Approves Extension of High-Cost Loan Limit
The House Appropriations Committee has voted to extend the $729,750 limit for federal loans in high-cost markets through September 2010. The loan limit applies to mortgages financed through Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) and is currently set to revert back to $417,000 at the end of this year unless the extension is approved by Congress.
Read More »BigBidder Auctions Re-performing Loan Pool
California-based BigBidder.com, an online auction platform for mortgage notes, is marketing a $500,000 pool of re-performing residential mortgage loans. The auction of the mortgage pool began Thursday and is scheduled to end August 5.
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