Home >> News >> Technology (page 128)

Technology

MERS Wins Dismissal of Missouri Recording Fee Suit

A U.S. district judge in Missouri has dismissed a recording fee suit filed by officials in Jackson County against Mortgage Electronic Registration Systems, Inc. (MERS), on the grounds that the county "cannot enforce a nonexistent obligation." Missouri is the fifth state in which judges have granted MERS' motions to dismiss similar recording fee lawsuits.

Read More »

Ashton Kutcher’s Former Bachelor Pad Lists for $2.585M

The Hollywood Hills abode that Ashton Kutcher once called home has hit the market for $2.585 million. According to Zillow, the craftsman contemporary-style house served as the actor├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós bachelor pad prior to his marriage to Demi Moore, and Kutcher reportedly sold the home in June 2011 for $2.35 million.

Read More »

FICO Study Reveals Rising Demand for Credit

According to a recent study from FICO, U.S. banks expect an end to the household deleveraging trend observed among consumers during the past five years. The company's latest quarterly survey revealed that bankers are anticipating an uptick in customers' demand for credit. Additionally, results showed that the majority of respondents "believe the supply of financing for auto loans, credit cards, new mortgages, small business loans, student loans, and mortgage refinancing will meet or exceed consumer demand over the next six months."

Read More »

MBIA Sues Flagstar for Misrepresenting MBS

Alleging that the financial institution misrepresented the quality of $1.02 billion in mortgage-backed securities (MBS) dating from 2006 and 2007, MBIA Insurance Corporation has filed suit against Flagstar Bancorp, Inc. The assets in question were insured by MBIA, resulting in a $165 million loss for the company, according to a complaint filed in a U.S. District Court in the Southern District of New York. "To induce MBIA to guaranty payments due on certain securities, Flagstar made extensive warranties . . . . Flagstar's warranties were false," stated MBIA.

Read More »

S&P Dow Jones Launches Equal Weight REIT Index

S&P Dow Jones Indices, the largest provider of financial market indices in the world, announced the launch of the Dow Jones U.S. Select Equal Weight Real Estate Investment Trust (REIT) Index. The new index is designed to measure the performance of publicly traded REITs and REIT-like securities, serving as a proxy for direct real estate investment.

Read More »

Linear Title and Closing Offers Online Consumer Portal

Linear Title and Closing announced plans to introduce a web portal just for consumers who have closed on a loan with the company. Through the portal, consumers can access their personal databases, such as the completed mortgage package, a detailed analysis of the flow of mortgage funds, any rebates due to them, and proof of the mortgage recordation, the Rhode Island-based company explained.

Read More »