In his new role as SVP at Collingwood, Negri's duties will include managing critical customer relationships as they cope with franchise-risking regulatory and compliance demands in the new challenging regulatory environment.
Read More »Auction.com Welcomes New VP of Customer Engagement
Irvine, California-based online real estate marketplace Auction.com has announced the hiring of former eBay executive Kristine Chin as VP of customer engagement.
Read More »Atlanta Fed Launches Online Publication Covering U.S. Economic Issues
Included in the inaugural edition of Economy Matters post is a piece examining how Atlanta Fed president Dennis Lockhart prepares for the Federal Open Market Committee (FOMC) and his experience with the Committee, which is scheduled to meet again in September.
Read More »Mortgages Rank Third Among Consumer Complaints in Latest CFPB Snapshot
As of August 1, 2015, the Bureau has handled 677,200 consumer complaints across all products in slightly more than four years of operation, according to the snapshot.
Read More »Are Single-Family Property Renters More Likely to Buy a Home Than Those in Apartments?
Freddie Mac's latest survey, conducted in June, found that overall, about 55 percent of renters in both single- and multifamily properties intend to continue renting in the next three years. When dividing up the two categories, however, the data indicated that 53 percent of renters in SFR properties intend to buy a house in the next three years compared to just 36 percent of multifamily renters who plan to buy in that period.
Read More »Royal Bank of Scotland Loses Bid to Have FHFA’s MBS Suit Dismissed
A federal judge in Connecticut has denied a bid by the Royal Bank of Scotland (RBS) to dismiss a lawsuit filed by the FHFA accusing the bank of misleading Fannie Mae and Freddie Mac in the sale of $32 billion worth of residential mortgage-backed securities before the financial crisis.
Read More »PRIA Awards Two Ernst Publishing-Sponsored Scholarships
The recipients of the two Ernst Scholarship Awards this year are Gayle VanHooser, register of deeds for Grundy County, Tennessee, and Melissa Dunlap, chief of state to the South Carolina Secretary of State. Recipients receive with the award a one-year PRIA membership with conference registration and travel to one PRIA conference during that year.
Read More »Ad Campaign Targeted at Helping Homeowners Avoid Foreclosure Rescue Scams
The ads will appear in billboards and on Facebook in the areas that have reported foreclosure rescue scams most frequently. Typically, a scammer will promise the distressed homeowner a lifeline out of foreclosure but then take the homeowners money while not providing the help that was promised.
Read More »Similar Consumer Debt Patterns Found in Borrower-Lender Data Comparison
Debt-holding patterns reported by borrowers and those reported by lenders seem to agree more than one would expect, according to a study released by the Federal Reserve Bank of New York on Monday.
Read More »Recent Stock Market Losses Cause Many to Doubt that the Fed Will Raise Rates
For many, the Dow Jones' steep decline on Monday removed any doubt as to whether the Federal Reserve will raise interest rates, which have been at or near zero for seven years. Prior to Monday, many pundits predicted that the country's economy had experienced the growth needed for the Fed to raise the rates; now, they're not so sure.
Read More »