Technology

Joining an elite list of the nation's most expensive listings, Carolwood Estate has hit the market for a whopping $90 million. The 35,000-square-foot home, located in Los Angeles' sought-after Holmby Hills area, offers buyers more than just luxury, because the property boasts history as well, having once served as Walt Disney's residence.

National independent mortgage lender United Shore Financial Services, LLC (USFS), is welcoming two new corporate leaders. The Michigan-based organization, parent company of United Wholesale Mortgage, recently added Tim Forrester as chief financial officer for USFS and named Kristin Hammond as EVP of capital markets.

PopRox Entertainment's first game pits players in a contest to win real-life prizes, including a $200,000 mortgage payoff.

Mortgage Guaranty Insurance Corporation (MGIC) announced it is now offering mortgage insurance through Ellie Mae's Encompass360 mortgage management software. Through the integration, Encompass360 users can order MGIC rate quotes and mortgage insurance without leaving the platform.

In San Francisco, California, Capsilon is welcoming a new company leader, recently appointing David Chen as the VP of finance and administration. The technology provider added Chen to Capsilon's executive team, where he will be responsible for implementing the company's financial processes to support growth initiatives.

First time claims for unemployment insurance shot up 46,000 to 388,000--the highest level since July--for the week ending October 13, the Labor Department reported Thursday. Economists expected initial claims to bounce back up to 365,000 after seasonal factors drove the number of claims down to the lowest level in 54 months. The weekly increase was the steepest since the end of January 2009, when claims soared 53,000 in one week. Since claims reports are usually revised upward the "final" claims total will likely end up as the highest since January.

Churchill Mortgage's family got quite a bit bigger with the addition of 17 new employees across multiple branches, the company announced.

California attorney general Kamala Harris announced Tuesday the arrest of two suspects who are believed to have participated in a mortgage fraud enterprise that mainly targeted the Spanish community. Joana Sosa and Zoila Ortega are facing charges of grand theft, burglary, unlawful collection of advance fees, tax evasion, and conspiracy in a wide-ranging mortgage fraud scheme.

Famed Los Angeles mansion, Chateau d'Or, is still on the market, but the property's sellers recently initiated a significant price reduction, dropping the listing from $40 million to just $25 million. The 26,00o-square-foot home, located in the city's Bel Air neighborhood, boasts 15 bedrooms and 16.5 bathrooms, and may be "better suited to Disneyland," according to Curbed.

Announcing an acquisition deal with Thomas Linderman Graham Inc., a commercial real estate services company in Raleigh, North Carolina, Canada-based Avison Young is continuing its U.S. expansion. Through its purchase agreement with Thomas Linderman Graham, Avison Young will open two new offices in the state.