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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.

ViewPoint Mortgage Expands in Texas

ViewPoint Bankers Mortgage (VPBM), the mortgage subsidiary of ViewPoint Bank and formerly known as Bankers Financial Mortgage Group, has announced the addition of eight new mortgage production offices throughout Texas.

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Georgia and Kansas Banks Closed

The Federal Deposit Insurance Corporation announced that two more banks have been closed and placed under FDIC receivership – Integrity Bank of Alpharetta, Georgia and The Columbian Bank and Trust Company of Topeka, Kansas – bringing the total number of FDIC-insured institutions that have failed this year to ten.

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HOPE NOW Halts Over Two Million Foreclosures

Earlier this week, HOPE NOW, a private sector alliance of mortgage servicers, counselors, and investors, announced that over two million homeowners have avoided foreclosure and been able to stay in their homes due to the efforts of the HOPE NOW organization and its members.

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REOTrans Launches Short Payoff Module

REOTrans, LLC, announced the launch of their new Short Payoff (SPO) Module yesterday. REOTrans currently provides 16 of the top 25 lenders in the country with a technology platform to automate their default and REO processes.

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Housing Policy Experts Discuss Mortgage Crisis at Democratic National Convention

Henry Cisneros, former secretary of the U.S. Department of Housing and Urban Development (HUD), spoke at a housing forum at the Democratic National Convention in Denver yesterday. Cisneros, who served in HUD under President Clinton, stated that the housing industry is in a truly dangerous place and that significant steps must be taken by the next administration to address the mounting problems.

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Fannie Mae Announces Management Restructuring

Fannie Mae’s president and CEO Daniel H. Mudd announced a restructuring of the organization’s management team yesterday with a series of senior executive promotions, effective immediately. Mudd said the new assemblage will oversee and implement the company’s capital management and credit loss reduction plan announced as part of its second quarter results.

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California Passes New Mortgage Reform

The California legislature’s strongest statute designed to rein in abuses in the mortgage market (AB 1830), passed the state Senate yesterday with a 21-16 vote. The bill will go back to the state’s Assembly for concurrence before being sent to Governor Schwarzenegger.

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Zaio Hires Former Fiserv Exec as National Account Rep

Zaio Corporation, a technology and database company providing appraisal services to lenders nationwide, announced the appointment of Mari Beth Pietropaoli as national account representative today. Pietropaoli will be responsible for product sales with an emphasis on appraisal products.

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