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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.

MBA Outlines Fundamental Data Management for Real Estate Finance

The Mortgage Bankers Association’s Residential Technology Steering Committee (RESTECH) released a new white paper yesterday. It details the key fundamental concepts of industry data management, which MBA contends is one of the most important components in the mortgage banking process.

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Mortgage Apps Up Slightly, MBA Says

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending August 22, 2008 today. The new stats show mortgage applications increased slightly from last week, when the figure hit its lowest level since December 2000.

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USFN Members Named to Fannie Mae Attorney List

USFN, a national, not-for-profit association providing legal default services to the mortgage banking industry, announced today that 54 of the organization’s members have been selected as part of Fannie Mae’s Retained Attorney Network.

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MBA Names Brinkmann Chief Economist

The Mortgage Bankers Association today announced that Jay Brinkmann has been named the organization’s chief economist and SVP of research and economics. Brinkmann has been with the MBA since 2001 and has served as the organization’s VP of research for most of that period.

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iMortgage Provides Historical Property Appraisals

iMortgage Services LLC, an independent national provider of collateral valuation and settlement services for the residential mortgage industry, has announced the release of its Tier3 comprehensive collateral reevaluation report service.

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S&P Says Home Prices Continue to Decline

Standard & Poor’s released its S&P/Case-Shiller Home Price Indices today, which show the trend of broad based declines in existing home prices across the United States continued through the first half of 2008.

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ModCo Establishes Loss Mitigation Division

ModCo LLC has launched ModCo Solutions, a new division that the company says it created to help mortgage servicers cope with increasing foreclosures and changes in mortgage servicing laws. Foreclosures continue to climb to record levels, and the California-based company said it seeks to provide the infrastructure for servicers to not only meet existing and new regulations, but to reach out to troubled borrowers before foreclosure is the only option.

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