Secondary Market

CoreLogic, based in Irvine, California, announced the availability of its LoanSafe suite of risk mitigation solutions through seven different loan origination systems (LOS).

Fannie Mae and Dallas-based accounting firm, KPMG agreed to a $153 million settlement with a group of Ohio shareholders last week.

KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp, entered into agreements with Bank of America and Berkadia Commercial Mortgage that will lead it to become one of the nation's largest commercial mortgage servicers.

zIngenuity, a risk management and mortgage fulfillment services provider based in the Dallas area, has reinvented its website to align with its current services offerings, the company announced.

In the first quarter of this year, Fannie Mae reported pre-tax income of $8.1 billion, the largest in its history.

The latest quarterly report from the National Association of Realtors (NAR) shows home purchasing power remained high in the first quarter even as median prices continued their upward trend. Nationally, the median existing single-family home price was $176,600, up 11.3 percent year-over-year--the strongest yearly price increase since the fourth quarter of 2005, when the national median price jumped 13.6 percent over the prior year.

Commerce Mortgage, a leading provider of mortgage services in the Western United States, announced the opening of its newest branch in Carlsbad, California.

LendingTree, an online source for competitive home loan offers, announced the official launch of a new advertising campaign which will run across all marketing channels, including television, radio, print, online, direct marketing, and social media.

A shortage of homes on the market hamstrung home touring activity in April, but buyers still seem determined to get their offers in, according to Redfin. The brokerage's Real-Time Demand Pulse--a monthly analysis of tour and offer activity from homebuyers across 20 U.S. markets--shows tour requests and signed offers posted stronger monthly gains in April than they did at the same time last year. However, a lack of available homes "softened touring strength somewhat."

Ellie Mae has a new SVP of software development. The California-based automated solutions provider announced Vivian Wong has joined the company.