ARCHIVED BLOG POSTS
2011
The 2011 PGA golf season is in full swing, but for many pro golfers every putt is just practice in preparation for the upcoming Master's Tournament, or the battle for the green jacket. This year, the competition takes place April 4 -10 at Augusta National Golf Club, the number one ranked golf cou...
03/31/2011
All the best celebrity magazines have it - a feature article explaining how the rich and famous are just like us. We've found another reason celebrities are just like us: They use Zillow to sell their homes. And, interestingly, American Idol runner-up Clay Aiken posted his North Carolina home wit...
03/31/2011
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Homebuyer traffic was up in February, as slowly rising mortgage rates at that time prompted some buyers to lock, according to a monthly survey of real estate agents. But agents in some markets continued to find that despite buyer interest, underwriting standards were still tight and in some cases...
03/30/2011
Fannie Mae was kind enough to give National Mortgage News some guidance on what's going on regarding all those rumors we've been hearing about the GSE outsourcing some of its technology chores supposedly to IBM. A spokeswoman for Fannie confirmed that there is a 'request for proposal' out regardi...
03/30/2011
The new risk retention/QRM proposals are out and it appears that mortgage insurers might be winners after all - over the short-term, that is. The draft notes that Fannie Mae and Freddie Mac will "be able to satisfy their risk-retention requirement...as long as they continue to operate under conse...
03/30/2011
ATLANTIC CITY, NJ-Even though investors welcomed the two recently-originated private-label MBS that have been done since the downturn, the non-government secondary market investor in general remains "in hiding," a member of a panel on the future of the secondary market told attendees at the Regio...
03/30/2011
Demand for mortgage servicing is rapidly expanding across the board starting with expertise, new partnerships and even self-serve specialty servicing options. "As consumer habits shift," says Fiserv COO of lending solutions, Thomas Gorman, to improve customer satisfaction the industry needs to ma...
03/28/2011
I was in Wisconsin. I woke up the morning of a training program and looking out the hotel window, I noticed a light, beautiful snow falling. It was a postcard scene. The snow had accumulated on the rental car windshield, so I went out to clean it off and started the car. After brushing off the sn...
03/28/2011
CoreLogic, the data and analytics spin-off of the First American Corp., purchased mortgage technology vendor Dorado Network Systems for $32 million, Santa Ana, Calif.-based CoreLogic said. CoreLogic previously held a 38% interest in San Mateo, Calif.-based Dorado, which specializes in software-as...
03/28/2011
There is a lot of talk about real estate agents being in customer service. Certainly those talking don't mean this to be news. We get paid to provide very important and very difficult services. I am a commission salesperson and have been for 35 years. Should I apologize for this? I think of trans...
03/27/2011