California-based RealtyTrac’s CEO James J. Saccacio received a 2009 Excellence in Entrepreneurship Award presented by the Orange County Business Journal during the eighth annual awards ceremony in Irvine on Wednesday.
Read More »Millsap & Singer Gives to Charities
Millsap & Singer, LLC, a St. Louis, Missouri-based law firm serving the mortgage banking industry, announced on Wednesday the success the firm has seen through its charitable efforts in 2008, particularly with the firm’s Casual For A Cause initiative.
Read More »Wayne County Sheriff Resumes Foreclosure Sales
Sheriff Warren Evans of Wayne County, Michigan announced this week that he is resuming foreclosure sales. Evans halted all foreclosure sales in his jurisdiction on February 2nd, in anticipation of a foreclosure relief plan from the federal government.
Read More »REDC Acquires Auction.com Domain for $1.7M
Irvine, California-based Real Estate Disposition Corporation (REDC) has acquired the domain name, Auction.com, for $1.7 million. REDC’s consumer Website for lender-foreclosed home auctions, until now, has been USHomeAuction.
Read More »Mortgage Rates Near Record Lows
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) today, in which the 30-year fixed-rate mortgage (FRM) averaged 4.98 percent (0.7 points) for the week ending March 19, 2009.
Read More »Fannie, Freddie Under Fire for Bonuses
As lawmakers grilled AIG’s CEO on Capitol Hill Wednesday about executives receiving bonuses from taxpayer dollars, the Wall Street Journal:http://www.wsjonline.com reported that Fannie Mae and Freddie Mac are also handing out sizable bonuses as retention payments to thousands of employees.
Read More »Gov. Launches Homeowner Website
In a joint effort, the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) launched a new Website on Thursday for troubled homeowners seeking information about the administration’s Making Home Affordable loan modification and refinancing program.
Read More »Millsap & Singer Gives to Charities
Millsap & Singer, LLC, a St. Louis, Missouri-based law firm serving the mortgage banking industry, announced on Wednesday the success the firm has seen through its charitable efforts in 2008, particularly with the firm’s Casual For A Cause initiative.
Read More »RealtyTrac Appoints Key Management
RealtyTrac announced on Tuesday that it has named two key management posts. The company has hired Robert J. Houghton as CIO and chief technology officer (CTO), and Gary Hegenbart as SVP of human resources.
Read More »Low Rates Boost Refinance Activity
Based on the Weekly Mortgage Applications Survey released by the Mortgage Bankers Association (MBA) today, as long-term mortgage interest rates continue to drop well below five percent, the industry is seeing a boom in refinancing of home loans.
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