News Flash

Eleven FICS customers recognized as HUD Tier One Servicing Lenders
Financial Industry Computer Systems Inc. (FICS), a provider of loan origination software, residential loan servicing software and commercial loan servicing software, announced that 11 of its servicing lender clients have been recognized in... Read more
Radian appoints Brian Frame to director, credit union segment manager
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., has announced that Brian D. Frame, CMB, AMP has been appointed to the position of director, strategic segment manager. In his new role, Frame will be responsible... Read more
Freddie Mac and New Vista partner for REO auctions
Freddie Mac and New Vista have announced plans to auction hundreds of HomeSteps REO homes to individual homebuyers in Las Vegas on April 24, 2010 and in California's Inland Empire on April 25, 2010 in support of the federal Neighborhood... Read more
Nationstar Mortgage announces new branches in Gulf Coast region
Nationstar Mortgage LLC has announced that it is expanding its distributed retail mortgage market and will be opening eight branches in the Gulf Coast region. The initial branch openings will be concentrated in Alabama and Tennessee and... Read more
Prudential Mortgage and Johnson Capital partner to originate multifamily loans for Freddie Mac's Program Plus
Prudential Mortgage Capital Company and Johnson Capital have announced the creation of Prudential Johnson Apartment Capital Express, a strategic partnership that combines the strengths of Prudential and Johnson to originate and service... Read more
Maryland becomes first state to endorse HOPE LoanPort
At a briefing of state housing counselors held at the HomeFree-USA office in Prince George’s County in Maryland, Congressman Steny Hoyer and Maryland Department of Housing & Community Development Secretary Raymond Skinner both... Read more
First Associates implements Altisource’s REALRemit system
Altisource Portfolio Solutions, an end-to-end provider of products and services for the mortgage industry, has announced that consumer loan servicing firm First Associates Inc. has implemented Altisource’s REALRemit, an automated e-... Read more
Knight Capital Group announces acquisition of Urban Financial Group
Knight Capital Group Inc. has announced that it has agreed to acquire Urban Financial Group Inc., a privately-held, independent mortgage company. An originator of direct and brokered residential mortgage loans, Urban Financial is a major... Read more
American Financial Resources/AFR Mortgage selects Timios as exclusive settlement agent
American Financial Resources Inc., a nationwide mortgage lender, has selected Timios Inc., as their exclusive agent to conduct closings and escrow services for all residential mortgages where permitted by state and local laws. Last year,... Read more
Fairway Independent Mortgage names Walnick and Cutaia presidents
Fairway Independent Mortgage Corporation has promoted Paul Walnick to president of mortgage operations and Dan Cutaia to president of capital markets and risk management. The promotions of both mortgage veterans are intended to position... Read more