MGIC to accept alternative credit reports

May 10, 2007

RealtyTrac redesigns Yahoo! Real Estate Web siteMortgagePress.comNationwide foreclosures RealtyTrac has announced a newly redesigned Yahoo! Real Estate Foreclosure Center, accessible at http://realestate.yahoo.com/Foreclosures. The new center integrates three key functions: the ability to search for foreclosures; analysis of trends in the foreclosure market; and education about buying properties in foreclosure. Irvine, Calif.-based RealtyTrac Inc. is an online marketplace for foreclosure properties. For more information, visit www.realtytrac.com. The Yahoo! Real Estate Foreclosure Center is owned by Sunnyvale, Calif.-based Yahoo! Inc., a global Internet services company. For more information, visit www.yahoo.com.

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May 10, 2007

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...

Analysis and Data

Homebuying Excitement Is Up Among Veterans

Survey results indicate optimism about housing market among U.S. veterans and service members

Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. The amount of veterans and service members who plan to purchase a home in the next six months was up by 15 percentage points year-over-year, according to the Veterans Homebuying Re...