Intelenet Global Services and SigniaDocs Inc. have partnered to offer lenders and servicers a scalable eModification solution. The two companies explained that this online, real-time approach compresses today's lengthy and arduous loan modification process to identify and collect required documents into a "Mods in Minutes" solution - technology they say could help to overcome some of the biggest obstacles of the government's Home Affordable Modification Program.
Read More »Industry Voices Concern over New Securitization Rule
The FDIC has requested comments from the industry on a new regulation that would limit safe harbor protections for assets, including mortgages, which have been securitized by failed banks. FDIC officials say the rule would return some confidence to the tenuous secondary market, but industry trade groups argue that it could have a counter effect of creating ""substantial uncertainty"" for investors and stifle an important financing channel.
Read More »SigniaDocs Execs Appointed to Key MISMO Posts
Harry Gardner and Charles Epperson of SigniaDocs, a Dallas-based provider of eMortgage services, have been appointed to key posts within MISMO, a nonprofit subsidiary of the Mortgage Bankers Association (MBA) that is known as the mortgage industry's pre-eminent standards organization.
Read More »First-Time Homebuyers, Use of FHA Loans, and Distressed Sales on the Rise: NAR
The National Association of Realtors recently released the November Realtors Confidence Index (RCI), a key indicator of housing market strength based on a monthly survey of more than 50,000 Realtors.
Read More »Freddie Mac Provides Encouragement to Ohio Coalition Against Loan Modification Fraud
The recent launch of the Loan Modification Scam Alert campaign in Columbus, Ohio by a coalition of federal agencies and non-profit organizations found welcomed support by Freddie Mac.
Read More »Report Shows Rise in Mortgage Layoffs
With the unemployment rate at an all-time low, employment in the mortgage industry is following suit. According to the Third Quarter Mortgage Employment Analysis from Mortgagedaily.com, mortgage employers eliminated 710 more positions during the third quarter than they added.
Read More »Two Partners from Martin, Leigh, Laws, & Fritzlen, P.C. Receive Super Lawyer Award
The recipients of the 2009 Missouri and Kansas Super Lawyers have been released, and Martin, Leigh, Laws,& Fritzlen, P.C. is pleased to announce that two partners from the firm have been honored with this award.
Read More »Massachusetts Home and Condo Sales Increase in September
September proved to be a positive month for single-family home and condo sales in Massachusetts, according to the Warren Group, publisher of Banker
Read More »Mortgage Contracting Services Promotes Reaves to CEO
Mortgage Contracting Services (MCS), a property preservation and inspection services based in Tampa, Florida, announced Monday that effective Thursday, October 1, Caroline Reaves will make the transition to CEO of the company.
Read More »Cutler Leaves PennyMac for North American Property Preservation
Brandy Cutler has resigned as director of default management at PennyMac Loan Services to join North American Property Preservation Corporation (NAPPCorp) in Calabasas, California.
Read More »