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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.

First American Title Names Nevada Manager

First American Title Insurance Company announced yesterday that Mark S. Webber has been named state manager for Nevada. Webber, who also has served as Utah state manager since joining the company in 2004, will now oversee all of First American’s direct and agency operations in both states.

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FHA Brings Mortgage Relief to 400,000 Homeowners

The U.S. Department of Housing and Urban Development (HUD) recently announced that 400,000 homeowners have refinanced their mortgages with HUD’s affordable mortgage insurance program. Since expanding its refinance program in September 2007, HUD’s Federal Housing Administration (FHA) has helped more distressed homeowners keep their homes by utilizing FHA’s safe and affordable mortgage financing.

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Mortgage Cadence Provides Technology to Automate Reverse Lending

Colorado-based Mortgage Cadence Inc, a provider of enterprise lending solutions (ELS) for the financial services industry, recently announced that it is helping Senior Lending Network, a program of World Alliance Financial Corp and a recognized leader in reverse mortgages, automate back office workflow for its reverse lending and document preparation process.

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National Trend of Home Price Declines Continues

Standard & Poor’s released its S&P/Case-Shiller Home Price Indices yesterday, reporting on data through August 2008. The study is considered one of the leading measures of U.S. home prices and shows continued broad based declines in the prices of existing single family homes across the country – a trend that prevailed throughout the first half of 2008 and has continued into the second half.

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Mortgage Fraud Down, But Tied to Foreclosure

According to a report on PR Newswire earlier this week, mortgage fraud activity dropped during the third quarter. This conclusion was based on data from the FraudBlogger Index published by MortgageDaily.

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New REO Program Reduces Sales Cycle by 30 Percent

Champion Mortgage, a division of Nationstar Mortgage LLC, announced the launch of its REO Financing Partner Program yesterday. The program, developed specifically with today’s distressed market conditions in mind, has shortened turn times on REO foreclosure sales by 30 percent, which in turn has helped decrease loss severity on REO properties by over 10 percent, the company said.

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Visionet Rolls Out New REO Management Tool

Mortgage bankers and servicers require a comprehensive, flexible, and scalable REO management system that integrates with their own in-house and third party systems to provide automated workflow management and high visibility throughout the property management life cycle.

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