DJSP Enterprises Acquires Timios, Inc.

DJSP Enterprises completed its acquisition of Timios, Inc. DJSP Enterprises is one of the largest providers of processing services for the mortgage and real estate industries. It now plans to leverage Timios’ best in class technology and paperless processes across the existing operations in Florida. “Completion of this acquisition represents a significant step forward in our quest to become the leading cyclical provider of products and services to the mortgage and real estate industries,” said David Stern, Chief Executive Officer for DJSP.

Lender Processing Services, Inc. Reports Strong Second Quarter Earnings

Lender Processing Services, a leader in integrated technology and services of the mortgage and real estate industries, reported gains from 78 cents per diluted share this time last year to 89 cents per diluted share currently. Jeff Carbiener, President and CEO of LPS said, “Our Mortgage Processing business delivered another strong quarter and while our Loan Facilitation and Default Services businesses were both impacted by sluggish industry trends, we continued to expand market share in both areas,”.

Maine home sales jump 63 percent in April

Home sales in Maine surged in April as homebuyers rushed to take advantage of record-low mortgage rates and the federal home buyer tax credit.

Sales of existing single-family homes jumped by 63 percent over April 2009. The median sales price increased 3 percent, to more than $165,000.

In all, real estate agents sold 994 homes in Maine in April, up from 610 a year earlier.

Home Sales in the West Surge 17 Percent in March

Home sales surged 17 percent in the West last month, as buyers scrambled to take advantage of low mortgage rates and qualify for tax credits that expire at the end of this month. Nationwide, by contrast, sales of previously occupied homes rose almost 20 percent from March of last year, without adjusting for seasonal factors. The median sales price was flat at $170,700. The U.S. housing sector had another modestly positive showing in March as existing home sales, rose 6.8% to a 5.35 million unit annualized rate, boosted by the extended home buyer tax credit, the National Association of Realtors

Jumbo Loans Are Easy (er) and Up

This in from Laura Berg at Countrywide:

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NEW JUMBO GUIDELINES

· 80% TO $1,500,000

· 720 MINIMUM SCORE

· CAN YOU BELIEVE IT A 50% BACK END DEBT TO INCOME RATIO!

Wow so perhaps the credit market is starting to loosen its noose a little eh?