Tag Archives: Lenders & Servicers

RE/MAX's latest report shows home sales rose 0.9 percent month-over-month and 2.3 percent year-over-year. The median home price also increased, rising to $160,500--3.5 percent above January and 7.0 percent above February 2012. RE/MAX CEO Margaret Kelly said today's low prices and low interest rates create "an attractive combination that most of us will never see again in our lifetimes." Meanwhile, inventory remains a major concern as the spring selling season dawns.

A longtime provider of mortgage industry outreach services announced it is closing its doors for good. Titanium Solutions, founded in 1999 and based in South Carolina since 2008, said its services aren't as in-demand as they once were with the market now in recovery.

In Georgia, Ocwen Financial Corporation announced that WL Ross & Co.'s chairman and CEO will be joining the Ocwen board of directors. Wilbur L. Ross Jr. has served in numerous roles as principal financial adviser, investor, and director in various companies operating in diverse industries around the world. He currently serves as a director for several publicly traded companies.

Mortgage Guaranty Insurance Corporation (MGIC) is now offering insurance rates and eligibility to lenders through LoanSifter, the Wisconsin-based mortgage insurer announced.

The PNC Financial Services Group, Inc., a diversified financial services organization with headquarters in Pittsburgh, Pennsylvania, announced that Robert Q. Reilly will take over the CFO position following the retirement of current executive Richard J. Johnson.

The FHA Emergency Fiscal Solvency Act, introduced by Rep. Maxine Waters (D-California) and sponsored by Rep. Michael Capuano (D-Massachusetts), is designed to give FHA more flexibility to take action against originators who engage in faulty underwriting or who have high loan losses. Additional measures include authorizing the agency to require indemnification for improperly written loans. The House committee has held several hearings recently to examine FHA following the news that the agency may require a taxpayer bailout.

DataQuick unveiled its Portfolio Management Intelligence Suite designed to provide configurable solutions to meet clients' specific portfolio requirements.

Following Elizabeth Duke's comments on the impact capacity constraints are having on the housing market, Capital Economics released an update with a similar focus.

Republic Mortgage Home Loans, a Utah-based mortgage lender, announced the release of a new mobile app exclusively for its borrowers and applicants.

In Pennsylvania, GMH Mortgage Services LLC announced the hiring of Janine Ranski as regional sales manager and assistant VP for the New York, New Jersey, and Pennsylvania market.