• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> News >> Technology (page 139)

AG Activiates IPO Capital

AG Activiates IPO Capital

Putting capital earned from its recent initial public offering to good use, AG Mortgage Investment Trust, Inc., announced that it has achieved significant deployment of its new liquidity. The company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós IPO and simultaneous private placement were concurrently completed on July 6, and by utilizing the capital gained in that transaction as well as the underwriters├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó overallotment option, established and closed on July 20, AG has also been able to debut its initial portfolio.

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Fidelity and PSMI Make Merger Official

Fidelity and PSMI Make Merger Official

Fidelity Mortgage, Inc. has new ownership. PSM Holdings, Inc., recently announced the completion of its acquisition, which fuses Fidelity with United Community Mortgage Corporation, a wholly owned subsidiary of Prime Source Mortgage, Inc., via its parent company, PSMH.

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Arizona to Gain Statewide MLS

Arizona to Gain Statewide MLS

Those in the market for a home in Arizona will soon have an enhanced version of the popular multiple listing service (MLS) to assist them when perusing real estate options. The Arizona Association of Realtors (AAR) recently moved to build out a statewide version of MLS via the acquisition of the state├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós most comprehensive existing MLS.

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Strong 2012 Predictions from Fiserv Case-Shiller Indexes

Strong 2012 Predictions from Fiserv Case-Shiller Indexes

In opposition to the recently recorded declines, the Fiserv Case-Shiller Indexes predicts stable numbers around the country by 2012. Notable stats from the 380 markets that the survey examined include a forecasted rise in housing affordability to pre-crisis levels and an increase in home pricing strength near the start of 2012. The Fiserv Case-Shiller Home Price Insights, available now, indicate that housing affordability could rise, since current pricing is about 5 percent above data from 2000.

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AIG to Battle BAC

AIG to Battle BAC

American International Group is heading to court with Bank of America. AIG filed a lawsuit Monday against the bank, targeting BAC├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós alleged misrepresentation of mortgage-backed securities. AIG├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós claims focus on BAC├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Merrill Lynch and Countrywide Financial components, and the entity is seeking over $10 billion in compensation in what could be the largest mortgage-security lawsuit ever filed by an individual investor. The suit alleges that the bank fraudulently represented the quality of mortgage-backed securities purchased by AIG.

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Leading Leadership: XINNIX Hires New Trainer

Leading Leadership: XINNIX Hires New Trainer

Boosting its mortgage sales and leadership development programs, XINNIX announced the addition of Bruce Grant as a new trainer within the department. With more than 26 years in the industry, Grant is set to join XINNIX in a role that encompasses instructing new and existing loan officers on business development, leadership skills, and executive communications.

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Scam Artist Sting Successful in South Florida

Scam Artist Sting Successful in South Florida

The South Florida mortgage banking community is immersed in scandal, as a result of four indictments released this week by the U.S. Attorney├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Office in Miami, Florida. The separate filings target 27 individuals who are accused of diverse fraud schemes waged against lenders and homeowners in the region. Charges encompass more than $30 million in faulty mortgage loans, plus mail fraud, insurance fraud, and arson. Twenty-five of the 27 indicted individuals are in custody, and each could ultimately face up to 20 years in jail.

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BAC Going after GSE Practices

BAC Going after GSE Practices

The government sponsored enterprises are feeling the heat from Bank of America. A recent filing from BAC targets Fannie Mae and Freddie Mac, stating that the criteria by which the GSEs are ultimately willing to resolve claims have become more rigid over time. By the numbers, BAC sold an estimated $1.1 trillion in mortgage loans to Fannie and Freddie between 2004 and 2008, and during the second quarter of this year, approximately $121 billion of the GSE-owned loans were in default or more than 180 days in arrears.

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CoreLogic HPI Data Up Again in June

CoreLogic HPI Data Up Again in June

CoreLogic was the bearer of some positive housing market news recently, with its announcement that home pricing is on the rise for the third consecutive month. Data from CoreLogic indicates that the results from its Home Price Index for June demonstrate a 0.7 percent increase in the market, building on similar statistical improvements recorded in May and April. CoreLogic notes that pricing is still depressed by 6.8 percent compared to last year's numbers.

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