Home / Author Archives: Carrie Bay (page 8)

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.

SEC Says RBS Securities Misled Investors in Subprime Deal

The Securities and Exchange Commission (SEC) on Thursday charged RBS Securities Inc., the wholesale banking subsidiary of the Royal Bank of Scotland, with misleading investors in a 2007 subprime residential mortgage-backed security (RMBS) offering. RBS agreed to settle the matter and pay more than $150 million, which the SEC will use to compensate investors for harm suffered as a result of the RBS deal.

Read More »

Schneiderman & Sherman Names Litigation Managing Attorney

Schneiderman & Sherman, P.C., named Patricia Carey managing attorney for the firm's litigation group. As a litigation specialist for 18 years, Carey has taught trial skills to hundreds of law students and new attorneys both as a managing attorney and guest faculty member of the Committee on Regional Training.

Read More »

JPMorgan-Led Effort to Employ Military Veterans Nears Goal

A private-sector initiative launched by JPMorgan Chase in early 2011, the 100,000 Jobs Mission, is less than 8,000 positions from its goal. Member companies have collectively hired 92,869 U.S. military veterans through the third quarter of 2013, the organization recently reported. Firm's participating in the initiative are working toward a goal of hiring at least 100,000 veterans by the year 2020.

Read More »

NAR Hires Managing Director of Data Analytics

Technology is ever-evolving, and it's transforming the real estate industry, generating volumes of information about how people approach and conduct real estate transactions. To help Realtors understand and interpret these trends, the National Association of Realtors (NAR) hired Todd Carpenter to fill a newly created position, managing director of data analytics.

Read More »

Clayton Holdings Announces Executive Appointments

Clayton Holdings, LLC, a provider of loan due diligence, surveillance, and consulting services to the mortgage industry, announced Monday that Joe D'Urso has been named president and COO of the company, effective immediately. D'Urso will oversee all of Clayton's U.S. business units. In addition, Lorenz Schwarz has been named president of Clayton's Green River Capital business unit in addition to his current role of the business unit's COO.

Read More »

Report: New Wave of Delinquencies from ARM Resets Unlikely

Lender Processing Services (LPS) says concerns of a new wave of problem loans caused by rate resets on adjustable-rate mortgages (ARMs) are unfounded. The company's analysis shows 63 percent of outstanding hybrid ARMs have already reset. Besides, interest rates would have to rise a full 3 percent, or 300 basis points, for hybrid rates to increase; most of these borrowers are likely to see their rates go down, not up.

Read More »

LRC Asset Management Announces Executive Hires

LRC Asset Management, a majority-owned company of Loan Resolution Corporation, announced the appointment of two VPs--Jason Dow as VP of REO operations and Natalie Drosi as assistant VP of closing oversight. Both are based in the company's Scottsdale, Arizona, headquarters and between them, have more than 27 years' industry experience.

Read More »

FHA Program Offers Financing Solution for Stock of Aging Homes

Seventy-one percent of single-family homes in the United States were built before 1990, according to a new industry report. So far this year, 60 percent of residential transactions involved homes built prior to 1990. This older housing stock comes with less competition from other buyers and lower price points, and the Federal Housing Administration's 203(k) program allows owner-occupants to roll the cost of minor and major renovations into the financing for a home purchase or a mortgage refinancing.

Read More »

Study: Immigrants Fared Better than Native Homeowners in Recession

A new study from the USC Lusk Center for Real Estate reveals immigrant Asian and Latino homeowners were more successful at holding onto their homes during the Great Recession than native-born homeowners. The researchers found that while most homeowners took an economic hit during the recession, the decline in homeownership and headship rates among the immigrant population was nonexistent in some metro areas.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.