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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.

Officials Testify Before Senate on Proposed Bailout

As we reported yesterday, U.S. Treasury Secretary Henry Paulson is proposing a $700 billion government bailout for the nation’s financial sector. Earlier today, Paulson, Federal Reserve Chairman Ben Bernanke, and Chris Cox, chairman of the Securities and Exchange Commission (SEC) all testified before the Senate Banking Committee on the subject.

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Vantium Acquires Acqura Loan Services

Vantium Capital Inc., a mortgage investment company, announced today that it has acquired the assets of Dallas-based Acqura Loan Services, and two affiliated companies: Strategic Recovery Group, and Go Financial Solutions.

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Five Star Presents 2008 Lifetime Achievement and Humanitarian Awards

This year’s Five Star Default Servicing Conference and Expo is being hailed as the largest single gathering of default servicing professionals ever assembled in one location. The landmark event began its Thursday morning agenda with the second annual Lifetime Achievement and Humanitarian Awards Breakfast.

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Paulson Proposes $700 Billion Financial Sector Bailout

U.S. Treasury Secretary Henry Paulson, with the support of President Bush and Federal Reserve Chairman Ben Bernanke, is pressing Congress for urgent action to stabilize the country’s faltering financial system with prompt passage of his $700 billion bailout plan.

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Freddie Economist Speaks at Five Star

Frank Nothaft, Freddie Mac’s VP and chief economist, was the keynote speaker at the 2008 Five Star Conference’s State of the Industry Luncheon. Nothaft gave attendees his economic outlook for the remainder of the year and into 2009, focusing on the housing and mortgage markets.

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Freddie Mac Extends Mortgage Relief to Hurricane Ike Victims

Earlier today, Freddie Mac reminded its servicers of the disaster relief options available to borrowers with Freddie Mac-owned mortgages who were affected by Hurricane Ike. Freddie Mac and the nation’s mortgage servicers will work together to bring some measure of financial relief to homeowners affected by Hurricane Ike, said Ingrid Beckles, VP of servicing and asset management at Freddie Mac.

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Goldman Sachs Reports Weakest Quarter in Nine Years

Yesterday, Goldman Sachs reported its weakest quarter since the company went public in 1999, with net profit dropping 70 percent during its third quarter period. Even though its revenue fell below estimates, its third-quarter numbers were larger than analysts had expected, according to a report on Forbes.

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USA-Foreclosure.com Sees 50 Percent Jump in Visitors

USA-Foreclosure.com reported this week that its Web site has experienced more than 50 percent growth in unique visitors since September of 2007. According to the company, USA-Foreclosure.com is the nation’s only free online source for foreclosure listings.

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