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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.

PNC to Buy National City

The PNC Financial Services Group Inc. announced today that it has signed a definitive agreement to acquire National City Corporation. PNC will pay $5.2 billion in stock for National City, or $2.23 per share, an 18.

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Marcy Ford Named USFN Secretary

Marcy J. Ford, a partner with Farmington Hills, Michigan-based Trott & Trott, P.C., has been named USFN secretary, the non-profit network of law firms and trustee companies serving the mortgage industry announced this week.

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FHFA Says Housing Prices at 2005 Levels

Home prices in the United States fell 0.6 percent from July to August, according to the monthly House Price Index released by the Federal Housing Finance Agency (FHFA) today, bringing August 2008 figures to the same level as in September 2005.

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Q3 Foreclosure Activity Up 71 Percent, RealtyTrac Reports

RealtyTrac released its U.S. Foreclosure Market Report for September 2008 and Q3 2008 on Thursday, a timely disclosure considering lawmakers are sitting down with federal banking regulators on Capitol Hill today to discuss a national effort to help struggling homeowners and their lenders prevent foreclosure.

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Clear Capital Launches New Home Data Index

Clear Capital, a valuation company based in Truckee, California, introduced a new generation of indexing tools this week. The company’s multi-model approach provides granular, up-to-date contextual views of housing markets to help lenders and servicers perform the due diligence they need.

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LenderLive Network Names Tanenbaum SVP of Technology

LenderLive Network Inc., a company that provides business process outsourcing and technology to the financial industry, has appointed Mitch Tanenbaum as SVP of technology, where he will be responsible for overall software development, data center operations, and information security.

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