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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.

RealtyTrac Reports Highest Ever Foreclosure Numbers For August

According to James J. Saccacio, CEO of RealtyTrac, a national online marketplace for foreclosure properties, the number of homes receiving foreclosure filings, as well as the national foreclosure rate in August were both the highest he’s seen since the company began issuing its Foreclosure Market Report in January 2005.

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Fidelity National Names New Marketing Exec

Fidelity National Information Services Inc., a provider of core processing and outsourcing services for financial institutions, yesterday named Marcia Danzeisen as SVP of FIS’ marketing and corporate communications.

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Realtors Go Green

In response to growing consumer demand for green homes, the National Association of Realtors has introduced a new Green designation for realtors. The designation will help home buyers and sellers who care about energy efficiency and environmentally sound building practices identify realtors who can help them meet their green home goals, NAR said.

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Mortgage Rates Plunge, Freddie Mac Reports

In the company’s first news released since it was taken over by the federal government, Freddie Mac continued business as usual, reporting the results of its weekly Primary Mortgage Market Survey (PMMS) today, in which it showed mortgage rates dropped significantly for the week ending September 11, 2008.

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MBA Promotes Francis Creighton to VP and Chief Lobbyist

Today, the Mortgage Bankers Association announced that Francis Creighton has been promoted to VP and chief lobbyist, effective immediately. In his new role, Creighton will be responsible for leading the day-to-day federal and state legislative activities of the association, including management of its legislative lobbying, political, and grass roots operations.

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Fannie Mae Sells Largest Ever Debt Issuance, Will Pay Q3 Dividends

Fannie Mae sold $7 billion in two-year notes yesterday, its largest ever syndicated Benchmark Notes debt issuance, the company said. The sale of the securities suggests strong interest from investors and a quelling of fears about Fannie Mae’s stability now that the government has taken control of the company.

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Ohio Receives $1.3 Million for Foreclosure Mitigation

In an attempt to help struggling homeowners and stem the rising tide of foreclosures in Ohio, the Federal Home Loan Bank (FHLB) of Cincinnati is doling out $1.3 million in grants to neighborhood housing groups and local banks as part of its Preserving the American Dream program.

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Fishman Named New WaMu CEO, Killinger Retires

Washington Mutual, Inc., announced earlier this week that Alan H. Fishman has been appointed the institution’s new CEO and has joined WaMu’s Board of Directors. Fishman succeeds Kerry Killinger, who is leaving the company after serving as WaMu’s CEO since 1990.

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New Report Says Declining Home Prices Woo New Buyers to Housing Market

The housing boom of 2004 and 2005 led to a bust that’s worse than most expected. Home prices are still falling, foreclosures rising, and homeownership rates are starting to drop. Still, global market research firm Mintel, headquartered in Chicago, says it sees golden opportunities in this dismal market in young adults and minorities.

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