Tag Archives: Company News

The Securities and Exchange Commission (SEC) has ended its investigation of potential fraud in offering documents for mortgage-backed securities (MBS) sold by Wells Fargo.

Radian Guaranty, Inc., the mortgage insurance subsidiary of the Philadelphia-based Radian Group, announced its National Training department has trained more than 14,000 customers in 2012.

After forming during the housing downturn in 2007, Clear Title Agency decided to focus on generating revenue from REOs and foreclosures by handling title and escrow duties for banks. Through this strategy, Arizona-based Clear Title stated it has experienced 200 percent annual growth after five years in business.

Zillow, Inc., announced its sixth acquisition in the last two years. The company has entered into an agreement to buy San Francisco-based HotPads, a map-based rental and real estate search site. The $16 million deal is expected to close by the end of the year.

Vericrest Financial, Inc., announced it will acquire about $2.7 billion in mortgage servicing rights (MSRs).

Launching a new division focused on mortgage banking, Hammerhouse LLC is expanding into the lending industry. The new unit, Tactical Ops Recruiting Quality (TORQ), will target the placement of operational and other non-sales professionals around the U.S.

Level1Loans and IntraPrise Solutions, Inc., announced a new joint venture to provide cloud-based mortgage valuation and other financial modeling software to owners and managers of mortgage and mortgage-related assets.

SharperLending LLC announced enhancements to its Appraisal Firewall platform with a new technical integration to American Reporting Company (ARC).

Colorado-based Capdominus, the largest Web-based capital markets platform for commercial real estate (CRE) finance, announced that the total volume of CRE financings on its platform has turned up sharply in the final months of the year.

In Virginia, Navy Federal Credit Union (NFCU) is celebrating the final weeks of the year with record closing volume. Recently announcing that the organization's total mortgage loan closings for October hit $1 billion, NFCU reported that year-to-date, it has made more than $8.3 billion in mortgage-related funding available to consumers.