Tag Archives: Attorneys & Title Companies

GMH Mortgage Services LLC, headquartered in Newton Square, Pennsylvania, announced Joel Rose has come on board at VP of retail sales for the company's eastern division.

North Carolina-based FMI has released the results of its 2013 U.S. Markets Construction Overview, and the company is heralding more than $1 trillion in construction-put-in-place (CPIP) by 2014. Noting near-term projections, FMI stated that CPIP is anticipated to hit $826 to $884 billion to end 2012, with the growth rate remaining slightly ahead of gross domestic product (GDP) growth rates in 2013.

Out in Atlanta, Equifax Inc. announced that its subsidiary, Equifax Information Services LLC, has entered into an agreement to purchase certain credit services business assets and operations of CSC Credit Services, Inc., a subsidiary of Computer Sciences Corporation.

Continuing to show the recovery from Superstorm Sandy, first-time claims for unemployment insurance fell 25,000 to 370,000 for the week ended December 1, the Labor Department reported Thursday. Economists expected 380,000 initial claims filings. The previous week├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós report was revised upward to 395,000 from the originally reported 393,000.

In the wake of the Thanksgiving scandal that made her mansion in the Hollywood Hills somewhat infamous, Oscar-winner Halle Berry has put the palatial pad on the market for $15 million.

A review of Ocwen's mortgage servicing practices has found indications of non-compliance with recent servicing reforms.

In a testimony before the Senate Banking Committee on Thursday, HUD Secretary Shaun Donovan defended the Federal Housing Administration's (FHA) recent role in the housing market and the steps the agency has taken to avoid a possible bailout. In an annual report issued to Congress in mid-November, HUD revealed the capital reserve ratio of FHA's Mutual Mortgage Insurance (MMI) Fund had fallen to -1.44 percent (representing -$16.3 billion) based on data from an independent actuary.

The American Land Title Association (ALTA) reports continued improvements for title companies. Each of the three quarters the association reported on so far this year have registered increasing volume for title companies. Premiums rose 28 percent year-over-year in the third quarter. The industry produced $3 billion in title insurance premiums over the third quarter, up from $2.4 billion during the same period in 2011.

Fixed mortgage rates stayed relatively calm this week as economic indicators showed improved strength.

W.J. Bradley Mortgage Capital, LLC, a privately held independent mortgage firm headquartered in Colorado, announced its expansion into the greater Midwestern region through a new partnership with the Chicago-based PinPoint Mortgage.