Tag Archives: Processing

In Colorado, Lender Processing Services, Inc. (LPS), has reached a settlement with the state's attorney general. Concluding the investigation into document execution practices by subsidiaries of LPS, the company has agreed to provide payment and reimbursement fees in exchange for a release of potential liability.

The National Credit Union Administration (NCUA) selected Gail Laster to lead as director of the Office of Consumer Protection, a senior management position within the agency. Laster will begin her position November 19 and succeeds Kent Buckham, who is retiring after more than 35 years of service.

Blueberry Systems, LLC, and DocMagic are joining forces to offer a more comprehensive document preparation system.

A study reveals borrowers who defaulted on their mortgages in recent years tend to stay out of the market for much longer than other borrowers.

U.S. home prices continued to increase in August as the Case Shiller 20-city Home Price Index rose 0.9 percent to its highest level since September 2010. The index is up 2.0 percent in the last year, showing improvement in 19 of the 20 cities surveyed. The 10-city also rose 0.9 percent in August, increasing 1.3 percent ahead of August 2011 and reaching its highest level since October 2010. The monthly gain in each index was slower than in July, when the 10-city index went up 1.5 percent and the 20-city index improved 1.6 percent.

In September, home prices improved in nearly all of the largest counties throughout the United States as tracked by DataQuick. According to the company's new Property Intelligence Report (PIR), home prices grew in 40 out of 42 counties month-over-month, while prices improved in all 42 counties from the previous quarter and over the last year. DataQuick suggested the PIR is displaying evidence the recovery in housing is underway, but the PIR found an uneven recovery, with some areas facing risk factors.

Equifax launched its Spectrum Verification Services Platform designed to strengthen lender confidence by streamlining the verification processes.

The Department of Veterans Affairs (VA) announced it has guaranteed 20 million home loans since its lending program was established in 1944. According to a release from the department, the 20 millionth loan was guaranteed for a home in Woodbridge, Virginia, purchased by the surviving spouse of an Iraq War veteran.

Three stand-out mortgage professionals are now serving the Tucson, Arizona community at V.I.P. Mortgage, Inc.

The ICBA has gathered nearly 15,000 signatures on a petition opposed to "applying Wall Street regulations to Main Street community banks."