There were 30,000 permanent loan modifications completed in February
There were 30,000 permanent loan modifications completed in February, up from 29,000 in January, according to new data from HOPE NOW. Within the total number of modifications, an estimated 20,000 were through proprietary programs and 9,445 were completed via HAMP.   During February, there were... Keep Reading....
HOPE NOW has released its May 2011 mortgage industry data, which estimates declines in foreclosure sales for the second straight month. According to the survey data, foreclosure sales nationwide were approximately 68,000, down from 73,000 in the month of April, representing a decrease of seven... more
Stewart Lender Services (SLS), a wholly-owned subsidiary of Stewart Title Company, has announced the acquisition of a majority ownership interest in PMH Financial. PMH, previously majority-owned by Braddock Holdings Company, private equity affiliate of Denver-based Braddock Financial Corporation,... more
The U.S. Department of Housing & Urban Development (HUD) has announced an agreement with Fidelity National Financial Inc. (FNF) to settle allegations the title company paid real estate brokers and other settlement service providers improper kickbacks or referral fees in violation of the Real... more
Global DMS has announced that Global Kinex, its appraisal data delivery technology, is now directly integrated to the Uniform Collateral Data Portal (UCDP). This integration provides lenders and appraisal management companies (AMCs) with a UCDP-compliant method of delivering appraisal data to the... more