Headlines

Torrance-California based DocMagic, Inc., has announced that the company will be fully TRID complaint by August 1, regardless of when the new rule actually takes effect. DocMagic is a provider of fully compliant loan document preparation, compliance, and eSign and eDelivery solutions.

In an unexpected turn of events, retired House Democrat, key architect of the financial crisis era legislation, and more important namesake of the 2010 Dodd Frank Wall Street Reform and Consumer Protection Act, Barney Frank has joined the board of directors of New York-based Signature Bank (SBNY), according to a company announcement on Wednesday.

Construction is the key to a positive long-term outlook for the housing market. It is likely the most important facet of the industry and can be a determining factor of a slowly recovering housing market. In an article titled “New Home Construction Is Gearing Up for a 15-Year Boom. Who's Ready?” author John Burns, CEO of John Burns Real Estate Consulting, did research on the rate of construction over the next 15 years and came up with data that determines how to meet the overwhelming housing demand.

Mortgage lenders are feeling more positive on purchase mortgage demand, profit margin, and credit standards over the next three months, according to a recent Fannie Mae’s second quarter 2015 Mortgage Lender Sentiment Survey. The survey shows that lenders’ near-term outlook for purchase demand and profit margin are reaching higher levels than 2014’s survey results.

Approximately 254,000 properties regained equity in the first quarter of 2015, bringing the total of residential mortgaged properties with equity nationwide up to 44.9 million – approximately 90 percent of all mortgages, according to data released by CoreLogic on Tuesday.

Nationwide Title Clearing, Inc. (NTC), a research and document processing company, recently announced that it will now offer a complete collateral file audit and remediation service that can be tailored to specific portfolios, investors, and objectives.

The U.S. Census Bureau and HUD jointly announced today in a press release new residential construction statistics for May 2015 finding building permits were up, while starts and completions saw slight decreases.

ComplianceEase, the nation’s leading provider of automated compliance solutions to the financial services industry, recently announced in a press release that it has launched a new online compliance management platform called ComplianceAnalyzer.

Trulia, a San Francisco-based home search resource for buyers and renters, has named Selma Hepp as chief economist. In her new position with Trulia, Hepp will lead the company's housing economics research team and provide key insights about the economy, housing trends, and public policy to house hunters.

Less than one week after Freddie Mac's Structured Agency Credit Risk (STACR) debt notes received the RMBS Deal of the Year award from Global Capital, Freddie Mac announced the pricing of the fifth STACR offering of 2015 on Monday.