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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.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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