Headlines

Goldman Sachs has agreed to pay approximately $270 million to resolve claims that it sold billions of dollars worth of faulty residential mortgage-backed securities to investors, according to multiple media reports.

Construction spending has increased for six consecutive months this year and amounted to $482.7 billion during this time period.

Matthews, North Carolina-based full service real estate title, REO, loss mitigation and closing law firm Brady & Kosofsky PA has announced it received two certifications as a result of recent service auditor's reviews.

Guardian Mortgage Company, Inc., recently announced the retirement of President and CEO Marcia F. Phillips. Russell Anderson will take Phillips place as Guardian's new president and CEO.

ClosingCorp, a San Diego-based residential real estate closing cost data and technology provider for the mortgage and real estate services industries, has announced the hiring of James Bolger as chief financial officer.

Ocwen Financial Corp. reported a net income of $10 million, or $0.08 per share, for the three months ended June 30, 2015, according to the company’s Q2 earnings statement.

Churchill Mortgage recently announced that it has hired 22 new employees across its branches in Arizona, California, Michigan, Tennessee, Texas, Virginia, and Washington.

Primary Residential Mortgage, Inc. recently named Burton Embry as its chief compliance officer. In his new position, Embry will continue to oversee and manage the company's enterprise risk management group.

Old Republic Title Insurance Group, Inc., recently announced that its Old Republic Default Management Services operation will now operate under the new name of Old Republic Servicing Solutions.

Wells Fargo Bank and Prospect Mortgage announced Thursday their intentions to withdraw from marketing activities that depend on marketing services agreements due to regulatory uncertainty and Real Estate Settlement Procedures Act interpretations.