Lender Processing Services Inc.’s stock fell for the third straight trading day.
The deline in LPS
The Federal Bureau of Investigation announced that a former contractor for Fannie Mae was found guilty on Monday of computer intrusion.
The contractor began his assignment in 2006 and was fired in 2008.
After his termination, an engineer found a malicious script program that was intended to destroy all of Fannie’s computer systems.
Source:
Fired Fannie Contractor Tried to Destroy Computer System
Quicken Loans Inc. gave the media a tour of its new headquarters in Downtown Detroit.
It’s no coincidence that the retaile lender’s new digs remind visitors of Google’s sales office in downtown Ann Arbor.
For inspiration, Quicken executives visited the Internet search giant and came away asking, “What can I do space-wise that is bigger and better than Google?” said a Quicken executive.
Credit:
Lavish Quicken Headquarters Inspired by Google
OTTAWA, Ontario, August 11, 2009 — The seasonally adjusted annual rate 1 of housing starts
decreased to 132,100 units in July from 137,800 units in June,
according to Canada Mortgage and Housing Corporation (CMHC).
Go here to read the rest:
Housing Starts Decrease in July
OTTAWA, Ontario, June 09, 2009 — Canada Mortgage and Housing Corporation’s (CMHC) 2009
Mortgage Consumer Survey results were released today, and indicate
that nearly 90 per cent of recent home purchasers across
More here:
Canadian Home Purchasers Savvy and Optimistic
Mortgage applications dropped sharply in the week ending April 24, ending what had been a series of steady increases over the past two months.
See original here:
[News] Mortgage Applications Drop
OTTAWA, Ontario, March 26, 2009 ? Today, the Canada Mortgage and Housing Corporation (CMHC) launched a consumer outreach campaign to help borrowers understand the importance of working with lenders to find manageable solutions if they are facing financial difficulties in repaying their mortgage loans.
?CMHC has a long tradition of offering mortgage default management tools to lenders ?
See the rest here:
CMHC Launches Campaign to Help Homeowners
OTTAWA, Ontario, March 09, 2009 ? The seasonally adjusted annual rate1 of housing starts declined to 134,600 units in February from 153,500 units in January, according to Canada Mortgage and Housing Corporation (CMHC).
?Increased listings and reduced sales in the existing home market continue to impact the new home market,? said Bob Dugan, Chief Economist at CMHC?s Market ?
Here is the original:
Housing Starts Decrease in February
OTTAWA, Ontario, February 19, 2009 ? Housing starts reached 211,056 units in 2008, a decrease from 228,343 in 2007, according to Canada Mortgage and Housing Corporation?s (CMHC) first quarter Housing Market Outlook, Canada Edition* report. Starts are expected to be about 160,250 for 2009 and about 163,350 for 2010.
?The new home market is moderating due to a number of key ?
Originally posted here:
Housing Will Continue to Moderate in 2009