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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.

GSE Loan Mods Up 76 Percent in Q4

The Federal Housing Finance Agency (FHFA) submitted its fourth quarter report to Congress this week detailing actions the GSEs have taken to prevent unnecessary foreclosures. The report shows a 76 percent increase in loan modifications by Fannie Mae and Freddie Mac from the third to fourth quarters of 2008.

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Bernanke: Recession May End This Year

In a rare television interview with CBS’ 60 Minutes:http://www.cbsnews.com/sections/60minutes/main3415.shtml this weekend, Federal Reserve Chairman Ben Bernanke told the American public that the U.

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LPS' RealEC Surpasses 42M Orders, Announces HVCC-Compliance

Santa Ana, California’s RealEC Technologies Inc., a provider of collaborative mortgage network solutions that is majority-owned by Lender Processing Services, today announced that it has surpassed a milestone of more than 42 million real estate orders processed through its network, since the company was founded in 1998.

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Wingspan Appoints Key Management

Wingspan Portfolio Advisors, LLC, a Dallas-based mortgage servicer specializing in severely delinquent loans, has announced the appointment of two mortgage servicing executives to key management positions.

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Name Change at Ohio's Reimer, Lorber & Arnovitz

The Twinsburg, Ohio-based law firm of Reimer, Lorber & Arnovitz Co., L.P.A. has changed its name to Reimer, Arnovitz, Chernek & Jeffrey Co., L.P.A., effective March 1, 2009. The firm said in a press statement, The change is simply a name change and no other changes have taken place.

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Int'l Partnership to Provide MBS Risk and Diligence Services

Los Angeles’ LMP Financial Group and UnderwritersTrust Transaction & Risk Management LLP in London recently announced an agreement to co-market risk management, due diligence, and underwriting advisory services for commercial real estate and mortgage-backed vehicles.

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Mortgage Fraud Reaches All-Time High

The Mortgage Asset Research Institute (MARI), a LexisNexis service, released a new report at the Mortgage Bankers Association’s (MBA’s) National Fraud Issues Conference in Las Vegas on Monday.

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HUD Delays RESPA's "Required Use" Rule

The U.S. Department of Housing and Urban Development (HUD) said it will delay the planned implementation of the Real Estate Settlement Procedures Act (RESPA) required use:http://www.hud.gov/news/requireduserule.

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Golden State Foreclosures Still Rising

ForeclosureRadar, which tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for February 2009 on Thursday. The company said that Notices of Default have increased 21.

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