Servicing

Irvine, California-based CoreLogic announced the availability of CoreLogic Bond Tracker, a new bond assessment service for non-agency residential mortgage-backed securities (RMBS).

Following S&P's calculation of a 0.1 percent decrease in prices in November, analysis on home price data remained positive.

Capsilon, a provider of cloud-based document sharing and collaboration solutions for mortgage lenders, more than doubled its revenue in 2012, the company announced. In addition, the company achieved a number of milestones last year, including the release of several updates to its cloud-based imaging solution.

The STRATMOR Group, a Georgia-based consulting firm for the mortgage industry with more than 250 clients, announced Monday it is bringing Lisa Springer, an industry veteran with more than 20 years' experience, on board to serve in the role of practice manager.

After steadily dropping throughout the year, mortgage rates closed out 2012 with one final monthly decline, according to the Federal Housing Finance Agency's (FHFA) December index. The contract rate on the composite of all mortgage loans (both fixed- and adjustable-rate) was 3.28 percent in December, down from 3.36 percent in November. The effective interest rate, which reflects the amortization of initial fees and charges, was 3.42 percent, down from 3.49 percent the previous month.

Consumer confidence took another dive in January as Americans saw their paychecks shrink, The Conference Board reported Tuesday. The research firm's Consumer Confidence Index--based on a survey conducted by Nielsen--fell to 58.6 in January, down from 66.7 at the end of 2012. Lynn Franco, director of economic indicators at The Conference Board, said the drop stems from consumers' "paycheck shock" after seeing how the payroll tax increase has affected their bank accounts.

The number of households owning homes rose to 75,209,000 in the fourth quarter, up from 75,076,000 in the third but down from 75,315,000 a year ago, the Census Bureau reported Tuesday. At the same time, the nation's homeownership rate (seasonally adjusted) dipped to 65.4 percent in the fourth quarter from 65.5 percent in the third quarter. The stagnant homeownership rate combined with a decline in the number of units held off the market suggests opportunities for home sales.

Despite seeing a month-over-month drop, the 10- and 20-city Case-Shiller Home Price Indices registered their strongest year-over-year improvement in two and a half years, Standard & Poor's reported Tuesday. On an annual basis, the 10-city index was up 4.5 percent, and the 20-city index rose 5.5 percent. It was the strongest yearly gain in the 10-city index since June 2010 and in the 20-city index since May 2010. Year-over-year, prices were up in 19 of the 20 cities surveyed.

A new report from the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) suggests the Treasury Department has failed once again to curb what SIGTARP calls "excessive" executive pay at AIG, General Motors, and Ally Financial--three companies bailed out with taxpayer funds. After investigating pay in 2012, SIGTARP reported Treasury approved pay packages worth $5 million or more for 23 percent of the top employees at AIG, GM, and Ally.

Global DMS announced it has integrated its valuation management software with LendingQB's end-to-end, browser-based loan origination system.