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LPS Acquires LendingSpace to Enhance Origination Technology

Lending Processing Services, Inc., announced today that it has acquired LendingSpace, a provider of mortgage loan origination software solutions. The LendingSpace technology platform is expected to boost LPS├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó origination technology solutions, including Empower and PCLender, programs used by mortgage lenders, credit unions, and community banks. The LendingSpace product suite features a lending platform that includes full web-enabled capabilities to enhance collaboration between retail originators and their lending partners.

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Barclays Loses Two More as Scandal Embroils Bank

Only one day after chairman Marcus Agius announced his resignation, Barclays announced that director and CEO Bob Diamond and COO Jerry del Missier are both stepping down. The resignations were announced Tuesday morning and are effective immediately. Agius will lead the search for a new CEO and will be supported by deputy chairman Michael Rake. Barclays has not yet commented on a successor for del Missier. The wave of resignations is brought on by a scandal last week, when it was revealed that Barclays had manipulated the London Interbank Offering Rate.

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Mortgage Insurers Write $396B in New Insurance in May

Mortgage Insurance Companies of America released on Friday its monthly statistical report showing that member companies reported a total of $396 billion in primary insurance in force for May. This total is down nearly $1 billion from April and is the lowest total in a year-long fall. Member companies received 38,355 mortgage insurance applications for May, and 35,431 borrowers used private mortgage insurance to buy or refinance a home. Both figures are relatively large jumps up compared to flatter increases.

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Home Prices Advance for Third Straight Month: CoreLogic

For the third month in a row, home prices posted both yearly and monthly gains, according to CoreLogic's May Home Price Index report. When including distressed sales, home prices increased 2 percent in May 2012 from May 2011 and moved up by 1.8 percent month-over-month. When excluding distressed sales, prices made even greater strides, with the year-over-year increase at 2.7 percent and month-over-month increase at 2.3 percent. Distressed sales include short sales and REO transactions, according to CoreLogic.

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MBA’s Stevens, SunTrust Backtrack on Leadership Change

The Mortgage Bankers Association announced Monday that president and CEO David H. Stevens will continue with the organization instead of joining SunTrust Mortgage as originally planned. SunTrust had announced that Stevens would join the company as president, a move that would leave the trade group to pursue a new president and CEO. "The past few weeks have been extremely difficult for me personally and professionally. After serious thought and consideration, I simply cannot leave the MBA at such a critical time for the industry and the association," Stevens said in a statement.

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Barclays Chairman Resigns Following Lending Rate Scandal

Barclays released a statement Monday morning announcing that chairman Marcus Agius is stepping down in the wake of a scandal that rocked the bank. This follows news from last week that Barclays had manipulated interbank lending rates starting as early as 2007. Barclays was fined ├âÔÇÜ├é┬ú290 million (approximately $450 million) by British and U.S. authorities for manipulating the London Interbank Offered Rate. The Barclays board will commence the search for a successor immediately. Agius will remain in post until a successor is found.

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WFG Title Expanding in Orange County, California

WFG Title Insurance Company is expanding its industry footprint. The organization, which is part of the Williston Financial Group family of companies, recently announced plans to open a retail title office in Irvine, California.

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Soccer Star Lists U.S. Estate, Considers U.K. Move

Superstar soccer player Landon Donovan has put his California estate on the market. According to Zillow's blog, Donovan has listed his home in Manhattan Beach, California, for $4.295 million. The property, which was once featured on MTV Cribs, boasts two separate compounds on site.

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Platinum Data Announces Additions to Board of Directors

Two new board members have been appointed at Platinum Data, and the valuation technology provider is preparing to welcome seasoned executives Hunter Atkins and John LaMacchia to the company's directorship. In an official statement, Platinum noted that the company hopes to capitalize on their leadership "during the next phase of its growth and expansion."

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