Monthly Archive
for: ‘September, 2010’

According to the Warren Group, a Boston-based provider of real estate data in New England, foreclosure petitions in Massachusetts reached its highest number in more than a year, jumping to 2,713 in August-a 13.23 percent increase from a year ago, accor…

The weekly reports on mortgage interest rates were mixed this week – but figures are still lingering close to record-lows, improving affordability for both homebuyers and borrowers looking to refinance. Freddie Mac reported Thursday that both the 30-ye…

With the foreclosure crisis still raging, the nation’s largest mortgage financier has amassed a hefty portfolio of repossessed homes. Fannie Mae took back 68,838 foreclosed properties in the second quarter alone. In the first quarter of this year, the …

The Treasury issued a new directive of the Making Home Affordable (MHA) program this week. Also known as the Dodd-Frank Certification Requirement, it provides guidance on borrower certification for non-GSE loans participating in the program. The new re…

Sales figures for previously owned homes rose in August following a big correction in July, according to data released by the National Association of Realtors (NAR) Thursday.

The trade group’s existing-home sales report showed a 7.6 percent increas…

Wolters Kluwer Financial Services has launched its Web-based OneFile mortgage processing solution, allowing lenders to replace paper-based processes. The majority of lenders–76 percent–still rely on paper-based methods to process mortgages, according…

Farmington Hills, Michigan-based Trott & Trott, P.C. recently announced that the firm’s supervising attorney in Grand Rapids, James Batchelor, was recognized as one of the best bankruptcy attorneys in Michigan by Super Lawyers magazine for the third co…

Capital Markets Cooperative, a partnership of residential mortgage originators, has announced a strategic alliance with loan trader MountainView Capital Group. The collaboration will provide CMC members with an outlet for loans rejected by large invest…

Commercial real estate fundamentals are still ailing from the recession and lack clear signs of near-term improvement. As a result, investors remain focused on core assets and proven markets, according to the third quarter findings of an investor surve…

Mark Critchfield and Tony Laurito have joined property valuation firm Solidifi U.S. in the newly created positions of VP, business development. Critchfield joins Solidifi from Fidelity National Financial, where he was VP and regional sales director for…