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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.

LenderLive Automates Workout Analysis

LenderLive Network, Inc., a business process outsourcing and technology provider for the financial industry, has launched a portfolio analysis tool that automates early workout determination. In a press statement announcing the new technology, LenderLive explained that it leverages the company’s proprietary product eligibility engine to improve the efficiency of determining the alternative loan product or loan modification that is most appropriate for borrowers whose mortgages are at risk.

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First American Launches New Loss Mitigation Tool

First American Default Technologies, a member of The First American Corporation family of companies and a provider of host-system integration technology to the mortgage default servicing industry, launched a new loss mitigation module as part of its VendorScape suite of solutions today.

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Kentucky Creates Foreclosure Prevention Center

Although the federal government has taken steps to alleviate the housing contraction on a national scale, individual states, like California and most recently New York, are passing their own legislation to combat rising foreclosure numbers and sallow regional housing markets.

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ServiceLink Offers Reverse Mortgage Services

ServiceLink, a provider of origination and default services and the national mortgage services platform of Fidelity National Financial, announced enhancements to its title and settlement solution for reverse mortgage transactions today.

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Investment Community Makes Grim Predictions for GSEs

Barron’s, a weekly investor publication that provides market, industry, and company analyses to the financial community, released a report yesterday saying that the Treasury’s recapitalization of Fannie Mae and Freddie Mac is inevitable.

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SEC Says No Extension of Short-Selling Ban

The Securities and Exchange Commission let its emergency order to protect shares of 19 financial companies from aggressive short-selling expire last week with no announcement of an extension. The SEC says it will not continue the rule barring such trades until new proposals against abusive short-selling across all U.

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CSC Responds to New HOPE NOW Servicer Guidelines with New Web Service

CSC, a provider of technology-enabled solutions to the mortgage industry, introduced a new tool to expedite assistance to homeowners facing foreclosure last week. The Web-based service is called Borrower Inquiry and allows distressed homeowners to track the status of their requests for help from mortgage servicers.

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