Headlines

Because Equifax is not entirely a financial institution, the Consumer Financial Protection Bureau may run into trouble issuing penalties for Equifax's recent data breach of 143 million of its consumers’ information.

Altisource Portfolio Solutions, a service provider for the real estate and mortgage industries, announced Thursday the addition of a new VP to grow the company’s valuations business and an expansion of its sales team. Phil Huff joined Altisource as VP and Head of Valuations as well as President and CEO of Springhouse, a full-service appraisal management company owned by Altisource. Springhouse is an indirect subsidiary of Altisource Portfolio Solutions. “Phil brings a deep expertise in technology, sales, marketing and business development strategy and an extensive real estate industry network,” said Joseph A. Davila, President of Servicer Solutions at Altisource. “His proven expertise and seasoned network will be a big factor to the success of our Valuation Services business.”

The U.S. Territory of Puerto Rico has been devastated following the aftermath of Hurricane Maria, the third hurricane to make landfall on U.S. soil in the last two months. See the extent of the damage, as well as future plan for action in this Video Spotlight.

MReport magazine recognized nine leading ladies as Power Players in the mortgage industry. Take a look at this spotlight on these female trailblazers.

Earlier this week, MReport and DS News sat down with Jorge Ponce, Director of Business Development & Implementation at FirstClose; Joey McDuffee, Director at Wipro Gallagher Solutions; and Kevin Watson, District Manager, Middle Tennessee at Churchill Mortgage to discuss inventory woes in the housing market. In Part Two of this three-part series, we discussed potential incentives to getting more homes into the marketplace.

Ellie Mae, a technology solutions provider for the mortgage industry, announced Tuesday registration is open for Ellie Mae Experience 2018, the company’s sixth annual user conference. With an anticipated attendance of 3,300, the 2018 conference will take place at the Wynn Las Vegas with the theme, “Dare to Dream Bigger.” “Ellie Mae Experience provides the backdrop to showcase the accomplishments of our customers, the innovation that shapes mortgage industry, the networking powered by our growing connected community and the training and best practices that drive our collective success,” said Ellie Mae President and CEO, Jonathan Corr.

Cyprexx Services, LLC in partnership with Prempoint Inc. plans to launch a new entry management system in Fall 2017, dubbed Lockwise. Lockwise is a new keyless entry management system that allows property access to be granted digitally, syncing with the Prempoint app,

The mortgage industry has come a long way in terms of female representation, but there is still room to grow. Editor's Note: This feature first appeared in the September issue of MReport, available now.

In what might seem contrary to reduced figures on existing-homes for sale for August, the most recent report from the U.S. Census Bureau on housing start for the month points toward optimism in the housing market.

According to the National Association of Realtors Existing-Home Sales report for August, total inventory dropped again, which is the fourth time in five months that a decline was recorded.