News

The National Credit Union Administration (NCUA) filed its 10th action against a major Wall Street investment firm.

RentRange LLC appointed Eric Taylor to serve as its new president. Taylor joins the company with more than 25 years in the mortgage and insurance services industry.

Nationstar Mortgage LLC has agreed to purchase residential mortgage servicing rights (MSRs) in the amount of $215 billion in unpaid principal balance from Bank of America.

December saw mixed signals in terms of housing demand, according to Redfin's latest Real-Time Demand Pulse.

Veri-Tax, LLC, and its subsidiary, Verification Bureau, LLC, announced the launch of a Form 4506-T electronic signature solution as the Internal Revenue Service (IRS) gears up to accept electronic signatures on income verification requests.

Bank of America and Fannie Mae reached a $10.3 billion agreement Monday to resolve repurchase claims on loans originated from 2000 through 2008.

In New Jersey, RedVision--a national provider of title reports and real property research solutions--announced the hiring of Andrew Nadal as regional sales director for the Southeast region. Nadal has a wealth of industry experience, having spent time at both Stewart Title and Statewide Lien Company.

Though he became famous for his role on legendary television show, Dallas, the late Larry Hagman is making posthumous headlines far from Texas, following news of another price reduction on the West Coast property he once called home. Located in Ojai, California, the actor's 43-acre estate was originally placed on the market in 2009 for $11 million and the listing's asking price has now dropped to $6.495 million.

The Federal Housing Administration (FHA) is easing back on reporting standards for smaller supervised lenders.

With the fiscal cliff negotiation out of the way--at least, the first phase of it--analysts at Barclays assert in a new release that "housing policy is transitioning from being a source of negative headline risk to a potential positive factor for the housing stocks." As the haze surrounding the state of the mortgage interest tax deduction (MID) lifts and the Federal Housing Administration (FHA) prepares to make reforms to its business model, analysts note that "anticipated policy changes have been less severe than feared."