Rhode Island-based automated national title agency Linear Title and Closing has announced the formation of a title services division which will offer products and services to help title insurance agencies serve clients better and grow their businesses.
Read More »Mortgage Returns, Make-a-Wish Foundation Form Alliance
Mortgage Returns, a database management system and provider of automated marketing solutions for the mortgage industry based in St. Louis, Missouri, has announced a partnership with the Missouri chapter of the Make-a-Wish Foundation heading into the holiday season.
Read More »Potestivo Employs New IT Director
Michigan-based real estate finance and credit law firm Potestivo and Associates announced recently that Eric L. Miller has been hired as the firm's director of information technology.
Read More »Carrington Plans Expansion Into Central Indiana, Creating 360 Jobs
Santa Ana, California-based Carrington Mortgage Services announced earlier this week its intention to expand into the Central Indiana city of Westfield. The expansion will create up to 360 high-wage jobs by 2019, the company announced. Carrington plans to invest $3.17 million to renovate a 77,000-square foot facility in Westfield and have it operational by the end of the year.
Read More »CBO: Eliminating Fannie Mae, Freddie Mac Would Save Billions
The Congressional Budget Office (CBO) released a cost estimate on Friday for S. 1217, a senate bill proposed June 2013 by Senator Bob Corker (R-Tennessee) that would eliminate GSEs Fannie Mae and Freddie Mac and replace them with a private insurance company system with a government backstop. According to the newly-released estimate, removing the two GSEs would save the government billions of dollars in the next 10 years.
Read More »Home Sales Typically Slow in Autumn Despite Economic Gains, Analyst Says
Lawrence Yun, chief economist and senior vice president of the National Association of Realtors (NAR), issued a statement on September 3 reporting that despite reports of more jobs, lower interest rates, and overall economic improvement, home sales are typically slow for the autumn months.
Read More »Federal Agencies Approve New Liquidity Coverage Rule for Large Banks
Three federal agencies – the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) finalized a rule with regards to the "liquidity coverage ratio" (LCR) of large financial institutions, the Federal Reserve announced on September 3.
Read More »Auction.com Adds Retired Exec to Board of Directors
Retired Juniper Networks CEO and former Microsoft executive Kevin Johnson has joined the board of directors at Auction.com, the country's top online real estate marketplace.
Read More »HomeStar Taps Hozie as Both CFO, COO
HomeStar Companies, a provider of comprehensive real estate services and solutions with offices in Dallas, Texas, and the Twin Cities in Minnesota, has announced the appointment of Steve Hozie as both chief financial officer and chief operating officer.
Read More »Man Sentenced to 35 Years for ‘Foreclosure Rescue’ Fraud
One of 17 defendants in a "foreclosure rescue" fraud case received a 35-year prison sentence for his role in the scam, according to a statement from Benjamin B. Wagner, U.S. attorney for the Eastern District of California.
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