News

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.

Closing costs on a mortgage loan have lowered over the past year, making purchasing a home less costly. According to Bankrate.com research, mortgage closing costs dropped 7 percent over the past year.

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.

U.S. mortgage holders possess the highest levels of non-mortgage related debt in over ten years, according to Black Knight Financial Services' June 2015 Mortgage Monitor report.

Although the housing market appears to be 'normalizing' for the first half of 2015, middle tier home price appreciation is still lagging far behind its 2006 peak level, according to Clear Capital's Home Data Index Market Report with data through July 2015.

Financial products and services offered by banks are being issued on a a very limited basis due to regulatory compliance burdens. According to the American Bankers Association’s 2015 Survey of Bank Compliance Officers, a total of 46.3 percent of respondents said their bank had cut offerings

Bank of America has been credited with approximately $1.19 billion toward the $7 billion (17 percent) in consumer relief the bank agreed to provide as part of the August 2014 settlement with the Department of Justice over the selling of toxic mortgage-backed securities, according to Independent monitor Eric Green.

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.