Servicing

Stonegate Mortgage Corp., has added executives who previously worked for Two Harbors, Saxon, and WellPoint to its senior management team.

During the month of May, 23,034 new and resale houses and condominiums sold in Los Angeles, Riverside, San Diego, San Bernardino, Ventura, and Orange counties.

There were 12 of 17 Mortgage Industry Equity Composite stocks whose closing price declined more than one percentage point on Tuesday.

Platinum Data Solutions hired Bill King as senior vice president, valuation solutions.

The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.

The new Texas office, which officially opened on June 10, will employ 17 workers, including one supervisor and one manager.

CU/America Financial Services has signed with Scottsdale, Ariz.-based CU Realty Services to offer the company’s real estate program to credit unions throughout Illinois.

Amegy Mortgage Co., is now using Data Select’s Construction Loan Control System software for its construction loan portfolio, including for one-time close construction and lot loans.

When a servicer has a high re-default rate on modified loans, Federal Housing Administration should be able to transfer the servicing to a better servicer, according to FHA commissioner Carol Galante.

The need for affordable housing funding is getting more critical, according to the president of the Federal Home Loan Bank of New York, especially lately when there are fewer and fewer funds from government for housing.