Secondary Market

LRES, a national REO and appraisal management company offering property valuations, asset management, HOA, and technology solutions for the mortgage industry, recently announced Damon Paxson has been named as its VP of Homeowner Association Services.

Equity National Title, a national title and settlement agent offering an array of title and settlement solutions for mortgage lenders, home builders, and Realtors, recently announced the hiring of Marissa Sandridge in the role of VP, national sales executive.

Stewart Title Limited, underwriter for UK, European, and Australian property transactions for Stewart Information Services Corp., recently announced that it has partnered with Property Exchange Australia Limited.

VRM Mortgage Services, an outsourcing solutions provider for residential and commercial assets, recently announced that it has awarded a $10,000 grant to U.S. Air Force veteran Darryl Lal through the Asian Real Estate Association of America’s Education Foundation.

In a nationwide survey of real estate investors bidding on single-family residential properties offered for auction during the third quarter of 2015, online real estate marketplace Auction.com found that flipping is still the preferred strategy over hold-to-rent.

The National Association of Federal Credit Unions expressed their concerns surrounding credit unions’ efforts in rural communities and limitations they face due to regulatory restrictions prior to the Senate Banking Subcommittee hearing called “The State of Rural Banking: Challenges and Consequences” held Wednesday.

In 2014, the market share of independent mortgage companies rose to 47 percent for home purchase loans and 42 percent for refinance loans, the highest those shares have been at any point in the last 20 years, meaning nonbank mortgage companies have more than regained their market share they lost due to the Great Recession.

Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently welcomed Andrew Pollock as senior managing director of Clayton Consulting Services.

Members of the National Appraisal Congress, a Five Star Institute Membership Group that advocates and develops sustainable solutions for the residential valuations industry, recently met with members of Congress and appraisal regulators to deliver a comprehensive solution for training the next generation of appraisers while removing existing inefficiencies from the process.

Arch Mortgage Insurance Company, a provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd., recently introduced Arch MI RateStar, the company’s new risk-based pricing program.