Headlines

With months to go before the Consumer Financial Protection Bureau's (CFPB) Integrated Disclosure Rule takes effect, California-based DocMagic says its entire solution set is now aligned to transition into the new requirements.

Glancy Binkow & Goldberg LLP alerted HLSS shareholders on Tuesday about the suit, which targets HLSS for not being open about the company's close relationship with Ocwen, which has suffered from wave after wave of regulatory setbacks in the last year.

According to CoreLogic, cash sales made up 36.1 percent of total home sales in November, down from 38.8 percent a year prior. The drop marks the 23rd straight month of year-over-year declines, CoreLogic said. Compared to October, the cash sales share was up about half a percentage point, "as is typical for the fall and winter months."

According to CFPB, NewDay deceived consumers by failing to disclose its financial relationship with a veterans' organization in direct mail advertising materials.

International Document Services (IDS), a mortgage document preparation vendor operating out of Salt Lake City, has promoted former EVP Mark Mackey to CEO.

Trulia reported Tuesday that asking prices for on-sale homes climbed a seasonally adjusted 0.5 percent month-over-month nationwide in January, marking the smallest monthly gain since August. Trulia Chief Economist Jed Kolko says the slowdown reflects a change in the factors influencing price growth.

Consumer optimism on income growth remained fairly high in January, while expectations for home price gains in the next year fell slightly, according to survey results released Monday from the Federal Reserve Bank of New York.

In a joint release, Citi announced it has entered into a digital marketing alliance with Zillow, giving the megabank a heightened presence on the online marketplace's website and its related sites, Zillow Mortgages and StreetEasy.

The newest offering is a Fannie Mae, Freddie Mac, and Ginnie Mae MSR portfolio with $736 million of unpaid principal balance, according to an announcement from MountainView Servicing Group, which is acting as adviser on the sale.

This will be the first time Castro has testified before Congress since being named HUD Secretary in July 2014. In recent public appearances, such as a speech at the National Press Club and in a fireside chat-style meeting last month, Castro has touted 2015 as a "year of housing opportunity."