Capstone Mortgage welcomed Vicky Elleray to the Scottsdale, Arizona-based company. Elleray will serve as the new operations/servicing manager for the company. She will oversee the day-to-day operations for servicing mortgage loans for Capstone.
Read More »Genworth Insurance Helps 150,000 Borrowers
Almost 150,000 homeowners in the United States were helped by the Homeowner Assistance team at Genworth Mortgage Insurance (MI), the Raleigh, North Carolina-based unit of Genworth Financial.
Read More »Economic Index Finds Markets Continue to Improve
In a nationwide analysis of 351 metros, the National Association of Home Builders (NAHB) found 300 have seen year-over-year economic gains. According to the group's Leading Markets Index (LMI), 59 metros have fully returned or even exceeded their last normal levels of both economic and housing activity.
Read More »IDS Sees Significant E-Signature Adoption in 2013
Mortgage document preparation vendor International Document Services (IDS) announced more than half of all document packages processed by the company in 2013 were signed electronically.
Read More »HUD Settles Denver-Area Discrimination Complaint
The U.S. Department of Housing and Urban Development (HUD) announced it has reached an agreement with the owners/managers of a Denver-area apartment complex, resolving complaints of discrimination. The apartment complex, The Orchards at Cherry Creek Apartments in Centennial, was charged with discrimination after refusing to allow children to play outside.
Read More »Home Prices Jump 1.4% in March
Despite a lackluster Spring that went against analyst's projections, CoreLogic's Home Price Index reported that home prices, including distressed and non-distressed sales, still rose from February to March by 1.4 percent. Without distressed sales, the HPI still reflected positive gains for the month, up 0.9 percent month-over-month.
Read More »Clear Capital: Best Home Deals in ‘Mid-Tier’
Clear Capital recently released its Home Data Index Market Report, which found the best deals in the housing market now reside in the middle-tier of available homes. The group found that following more than two years of recovery, low-tier homes are no longer the best value for homebuyers.
Read More »Personal Income Strong in March
According to a new report by the Wells Fargo Economics Group, personal income was strong in March, jumping .5 percent. February's growth received an upward revision to .4 percent. Personal consumption expenditures surpassed all expectations, posting a .9 percent increase.
Read More »Former Bank of America CFO Barred for 18 Months
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that a $7.5 million settlement has been reached with Bank of America’s former CFO, Joe Price, regarding the bank's actions as it sought to merge with Merrill Lynch & Co. in 2008.
Read More »Auction.com Welcomes New CFO
Auction.com announced Monday that it had hired a new chief financial officer. Tim Morse, a former CFO at Yahoo!, has been named as the company’s CFO and executive vice president.
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