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Author Archives: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

Walzak Taps Mortgage Industry Veteran as EVP

Walzak Risk Analysis, a Boca Raton, Florida-based company specializing in operational risk management within the mortgage industry, has added Lisa Weaver to its executive management team. Weaver will serve as Walzak’s EVP, responsible for the company’s business development strategy and vision for a new consumer division.

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NJ Nonprofit Makes Bulk Default Purchase

Housing and Neighborhood Development Services, Inc. (HANDS), a chartered affiliate of NeighborWorks America, recently announced that it acquired the defaulted mortgages on 47 vacant homes in the greater Newark, New Jersey area.

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LPS Hires Aptitude Solutions Georgia Rep

Lender Processing Services, Inc. (LPS), a provider of integrated technology and services to the mortgage industry, announced that Dwight Wood has joined its Aptitude Solutions division as the Georgia account manager, responsible for software, services, and sales to the clerks of Superior Courts in that state.

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Pro-Teck Appoints Directors

Waltham, Massachusetts-based Pro-Teck Valuation Services recently announced that two real estate industry veterans have joined the company. Mark Chapin has been named Pro-Teck’s senior director of business development, and Richard M.

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Massachusetts AG Sues Foreclosure Rescue Companies

Massachusetts Attorney General Martha Coakley has filed a lawsuit and obtained a temporary restraining order against four defendants for their involvement in a foreclosure rescue scam. The complaint, filed in Suffolk Superior Court, alleges that Loan Modification Group Corp.

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Fed Purchases $30B in Agency MBS

The New York Federal Reserve Bank purchased $30.425 billion in mortgage-backed securities (MBS) from government agencies this week. Total MBS purchases since the Fed program began in early January now stands at $333 billion.

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Four Banks Repay Government Aid

Last week, four regional community banks became the first institutions to pay the government back the bailout money they received through the Troubled Asset Relief Program (TARP), citing their concern over stringent conditions now attached to the federal recovery plan.

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Mortgage Rates Up But Still Under 5 Percent

Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) on Thursday, which showed that mortgage interest rates rose slightly this week, though they remain at historically low levels.

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