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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.

Welcome Elected to Lead National Appraisal Board

Paul A. Welcome, county appraiser of Johnson County, Kansas, has been elected to serve as the chairman of the board of trustees of The Appraisal Foundation, commencing January 1, 2009. The Appraisal Foundation board of trustees is responsible for appointing members to the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB).

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Fidelity Calls Off LandAmerica Acquisition

Fidelity National Financial, Inc. has terminated the previously announced deal to acquire LandAmerica Financial Group, Inc., the two companies said late Friday evening. Under the original merger agreement , Fidelity had sole discretion to terminate on or before November 21, pending due diligence review.

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Fannie, Freddie Receive Delisting Notice from NYSE

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) both reported they have been notified by the New York Stock Exchange (NYSE) that they have failed to satisfy one of the NYSE’s standards for continued listing of common stock.

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REDC Sells 700+ Foreclosed Homes in Arizona and Minnesota

Real Estate Disposition Corporation, LLC (REDC), a national real estate auction company, recently announced that it sold 713 homes for $68.3 million at its auctions in Arizona and Minnesota. Those auction results bring REDC’s 2008 production to 16,454 foreclosed homes sold for $2.

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Former Wells and BofA Execs Join Titanium Holdings

Titanium Holdings, Inc. today announced the addition of Tamara Buie and Michael Radesky to its management team. Titanium Holdings, Inc. is the parent company of Titanium Solutions, Inc., a provider of homeowner contacting and consulting services.

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Lawmakers Weigh Bankruptcy Modifications for Mortgages

The Senate Judiciary Committee examined a proposal to alter federal laws this week, which would allow the courts to modify mortgage terms for homeowners filing for bankruptcy. The bill, sponsored by Senator Richard Durbin, would make it possible for bankruptcy judges to independently reduce mortgage debt and allow bankrupt homeowners to keep their homes.

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Default Industry Association Awards 61 Scholarships

REOMAC, a not-for-profit trade association serving the mortgage default industry nationwide, recently awarded more than 61 college scholarships valued at more than $56,000. Scholarship recipients attend higher education institutions from across the United States.

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California Home Sales Up in October

An estimated 42,293 houses and condos – including both existing and new – were sold in California last month, according to the latest report from research firm MDA DataQuick. That figure is up 4.

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