Government

Carrington Mortgage Holdings, LLC announced it has been recognized with a 2013 Innovation Award for Enhancing Learning Services by Skillsoft.

A North Dakota judge sentenced two officers from an Arizona mortgage originator for their roles in a $28 million scheme to defraud North Dakota-based BNC National Bank.

Stearns Lending, Inc., a California-based lender with retail, wholesale, and correspondent business channels, announced the appointment of Mike Liane as regional sales leader for the retail division.

A report released Monday by the Census Bureau revealed an estimated annual rate of $874.9 billion (seasonally adjusted) for construction spending in the month of May 2013. Private residential construction spending was at a seasonally adjusted rate of $322.3 billion, 1.2 percent higher than the $318.5 billion revised April estimate. The month's nonresidential construction spending showed an annual rate of $238.1 billion, down 1.4 percent from the revised April estimate of $287.1 billion.

Home prices continue to see significant gains as inventory limits buyers, CoreLogic said in its latest Home Price Index (HPI) report. The index rose 12.2 percent (including distressed sales) year-over-year in May, once again marking the biggest annual increase since 2006. Excluding distressed sales, prices were up 11.6 percent over May 2012. Looking at the top 100 core-based statistical areas (CBSAs) measured by population, 97 showed year-over-year gains in May, CoreLogic reported--up from 94 in April.

RE/MAX of New Jersey Inc. has selected EverBank as a preferred lender, the companies announced jointly.

LoanLogics and Platinum Data Solutions announced a partnership to combine loan performance analytics, management, and monitoring with automated valuation models.

While the reaction to Thursday's report on personal income and spending for May was largely positive, it may have also been misplaced.

LenderLive Network, an end-to-end mortgage services provider headquartered in Colorado, announced a partnership to provide subservicing for Pingora, a specialized asset manager focused on investing in and managing the servicing of newly produced mortgage servicing rights (MSR) portfolios.

In California, Rudy Casanova joined the mortgage services division at First American Title Insurance as national sales director, the company announced in a release.