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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.

AP Study: Bailed-out Bank Execs Took in $1.6B

According to a recent study by the Associated Press:http://www.associatedpress.com, banks that are now receiving bailout money from taxpayers, awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year.

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Ohio Sheriff Refuses Winter Evictions

Sheriff Richard Jones of Butler County, Ohio, is refusing to evict homeowners or tenants in his jurisdiction who have been foreclosed on and have no other place to live. The sheriff sent a letter to Ohio Gov.

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ForeclosureS.com: Housing Markets Will Roar Back in 2009

The nation’s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, pushing home prices up and fueling a real estate recovery, according to the 2009 Outlook from California-based ForeclosureS.

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Fidelity National Receives Approval to Purchase LandAmerica Subsidiaries

Fidelity National Financial Inc. has received the green light to purchase two underwriting subsidiaries from bankrupt title insurer LandAmerica Financial Group Inc. Federal antitrust regulators allowed the legal waiting period mandated under the Hart Scott Rodino Act to expire at midnight on Thursday without intervening in the deal, essentially clearing the way for Fidelity to acquire LandAmerica’s Commonwealth Land Title Insurance Co.

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FHFA Announces Successful Launch of Streamlined Modification Program

Representatives of the Federal Housing Finance Agency (FHFA), Fannie Mae, Freddie Mac, and HOPE NOW announced today that the Streamlined Modification Program (SMP) was successfully launched December 15th as planned – three days after Fannie and Freddie sent detailed implementation instructions to their servicers.

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Acqura Launches E-Modifications

Vantium Capital Inc., a private equity fund that invests in undervalued mortgage assets, announced today that its specialty servicing unit, Acqura Loan Services, has begun offering electronic loan modifications, or e-mods, to delinquent borrowers in an effort to improve and accelerate borrower acceptance and reduce loan modification timelines.

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