Home / Author Archives: Brittany Dunn (page 14)

Author Archives: Brittany Dunn

TenantAccess Appoints Financial Industry Veteran as Controller

In an announcement Tuesday, TenantAccess, an Austin, Texas-based provider of property management and leasing services, said it has appointed Rick Winter as controller--a role in which he will be responsible for managing and driving the company's nationwide, client-facing financial services and reporting capabilities. Winter comes to his new position with more than 35 years' experience in the financial industry, including nine years in real estate and land development.

Read More »

Texas State Affordable Housing Corporation Awarded $500,000

The Texas State Affordable Housing Corporation (TSAHC) recently received a program-related investment in the amount of $500,000 from the Meadows Foundation, a private philanthropic institution based in Dallas, Texas. According to TSAHC, this award will support construction financing for the rehabilitation and development of foreclosed and vacant properties purchased through its Affordable Communities of Texas land banking program.

Read More »

Tranzact IS Launches New Program to Help Lenders Retain Customers

Tranzact Information Services recently announced the launch of Loyalty Assurance, a new program designed to help lenders achieve ""dramatic improvement"" in customer retention rates. According to the company, this program enables lenders to retain incremental customers by leveraging credit inquiries to help lenders identify customers who are actively shopping for a mortgage loan.

Read More »

MOS Group Expands Loss Mitigation Services to Include HAFA Solutions

MOS Group, Inc. has expanded its service offerings to include short sales and deeds-in-lieu that comply with the Treasury Department's Home Affordable Foreclosure Alternatives (HAFA) program requirements. In order to assist borrowers throughout all phases of this process, MOS Group said it is leveraging its borrower-focused methodology, comprehensive employee training and education program, and highly transparent technology platform.

Read More »

BofA Completes an Additional 16,000 Permanent HAMP Mods in May

Bank of America's loss mitigation activity under the administration's Home Affordable Modification Program (HAMP) has risen once again. In an announcement Tuesday, the bank said it converted an additional 16,000 homeowners from trial to permanent contracts in the past month, bringing its total completed HAMP modifications to more than 70,000. However, Bank of America said it does not expect these modifications to be fully reflected in the Treasury Department's monthly progress report.

Read More »

Fremont Exits Chapter 11 Under Court-Approved Reorganization Plan

Fremont General Corp. is back in business. The Anaheim, California-based company, once one of the nation's largest subprime lenders, has officially exited Chapter 11 bankruptcy proceedings, following the completion of a court-approved reorganization plan by Signature Group Holdings, LLC. Under Signature's plan, Fremont changed its name to Signature Group Holdings, Inc., and the company will now focus on credit-oriented special situation lending and investments in middle-market companies on a national basis.

Read More »

CWCapital Appoints SVP of Northeast FHA Lending Operations

Boston-based CWCapital, a full-service national lender to the multifamily and healthcare real estate industries, recently appointed David Lundin as SVP and production manager for the firm's Northeast Federal Housing Administration lending operations. A 20-year industry veteran, Lundin began his career at HUD as a multifamily housing representative, and he has since underwritten in excess of $500 million of HUD-insured loans.

Read More »

Cease and Desist Order Issued Against Kentucky Mortgage Company

On Friday, the Kentucky Department of Financial Institutions issued a cease and desist order against a mortgage company in Louisville, Kentucky doing business as Home Ownership Possibilities for Everyone LLC (HOPE). The order, which prohibits HOPE from engaging in the mortgage business in Kentucky, alleges that the company operated as a mortgage loan broker without proper licensure.

Read More »

Veros Selected as Tech Provider for GSEs’ Uniform Collateral Data Portal

Fannie Mae and Freddie Mac have selected Veros Real Estate Solutions as the technology provider for the Uniform Collateral Data Portal (UCDP), which will support electronic appraisal data delivery to the GSEs. Veros will be responsible for building, maintaining, and supporting the UCDP system, and the company will manage all lender connectivity to the portal.

Read More »

MLS Revenue Sharing Program Launched by CoreLogic

CoreLogic, a Santa Ana, California-based provider of information, analytics, and business services, announced Monday that it has officially launched Partner InfoNet, a new program for sharing revenue with multiple listing service (MLS) organizations. Through this innovative program, an MLS licenses its listing data for use in a variety of new risk management products for mortgage lenders, servicers, and capital markets, the company explained.

Read More »