Red Bank, New Jersey-based Hovnanian Enterprises, Inc.,
Read More »Hundreds of Michigan Foreclosures Set for Auction
Hudson & Marshall of Texas Inc., a real estate auction company, will be selling approximately 500 foreclosed properties in Michigan during an auction on May 19-24. The firm, which is selling the properties on behalf of lenders and asset management companies, is toting the event as a chance for investors and first-time buyers to get their hands on affordable investments.
Read More »Williams & Williams Launches Bulk REO Division
Tulsa, Oklahoma-based Williams & Williams, a real estate auction company, has launched a new division that will purchase bulk REO properties for the purpose of real estate auction. The company also hired Toby DeWeese to spearhead the new team and serve in the role of vice president of business development.
Read More »Fannie Mae Names New CFO
The Board of Directors at Fannie Mae approved the appointment of Stephen M. Swad to the position of chief financial officer this week. Swad will replace the company’s current CFO Robert Blakely. The company says Blakely is slated to continue serving the company in the role of executive vice president through the end of this year.
Read More »Potestivo & Associates Prepares for Summit
Rochester Hills, Michigan-based Potestivo & Associates, P.C., hopes to open lines of communication between mortgage brokers, vendors, investors, and servicers at its Real Estate Servicing Summit on May 22.
Read More »Mass. Gov. Launches Foreclosure Moratorium
The Governor of Massachusetts implemented a foreclosure moratorium this week to save certain distressed borrowers from losing their homes. Governor Patrick Deval launched the moratorium on Monday by asking Commissioner of Banks Steven Antonakes to review all foreclosure complaints filed at his office and determine on a case-by-case basis if a foreclosure delay should be requested from a lender.
Read More »First American Title Promotes William Homa
Santa Ana, California-based First American Title Insurance Co., an arm of The First American Corp., has promoted William Homa to the position of vice president and director of commercial sales and services.
Read More »Maine Tackles Predatory Lending
Representatives in the Pine Tree State are pushing for legislation that will crack down on predatory lending by making lenders more accountable for the loans they issue. The new legislation, which is called the Maine Homeowner Protection Act, was introduced this week during a state house press conference by Maine’s Speaker of the House Glenn Cummings (D-Portland) and a coalition of other representatives.
Read More »SEC to Distribute Millions in Fannie Mae Settlement
The Securities and Exchange Commission (SEC) is in the process of settling old debts related to the accounting scandal that shook up government-sponsored enterprise Fannie Mae a few years back. The Securities and Exchange Commission confirmed on Monday that $357 million in Fair Funds will be distributed to certain Fannie Mae stockholders in the future.
Read More »Fabrizio & Brook: Staff Announcements
Troy, Michigan-based Fabrizio & Brook P.C., a default servicing law firm, has announced some exciting developments within its organization. The firm says attorneys Joseph G. Fabrizio and Paul J. Raine recently represented the law firm by serving as judges during a moot court competition at the University of Detroit-Mercy School of Law.
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