Technology

When it comes to appraisals, the key words in today’s market are quality and defensibility. Inaccurate valuations result in serious risk. When loans go sour, no investor or lender wants to be the one stuck holding the bad loan. Today, the threat of a forced buyback, or even follow on legal action, is all too real.

A federal judicial panel denied a motion to include the Dallas County district attorney’s lawsuit against Merscorp in the ongoing multidistrict litigation against the private loan registry in Phoenix.

Real Matters, the Markham, Ont.-based parent of Solidifi, an appraisal management solutions company with operations on both sides of the border, has obtained C$22 million (US$22.13 million) of "growth financing" through the placement of both equity and debt.

Mortgage lenders issued $30 billion of Ginnie Mae MBS in January, up 9% from the previous month, according to new figures released Thursday morning.

Zillow chief economist Stan Humphries confirmed that home prices have not hit bottom yet as values declined 1.1% in the fourth quarter last year, but there are good signs ahead for the market.

Tree.com, Charlotte, N.C., has modified the agreement with Discover Financial Services regarding the latter's purchase of Home Loan Center, which does business as LendingTree Loans.

County recorders in New Jersey will now be required to accept electronic documents, following the recent enactment of a bill to modernize the land recording process.

commercial real estate exposure was the main reason why bank loans failed in January. Nonperforming loans for commercial real estate comprised $363.5 million of the total $487.7 million for the failed banks.

Loan originations on income producing properties will rise 17% this year to nearly $230 billion, the Mortgage Bankers Association is projecting in its first-ever non-residential lending forecast.

David Zugheri, founder of Houston-based Envoy Mortgage discusses preparing for the Uniform Mortgage Data Program.