Shelton, Connecticut-based Clayton Holdings Inc., a platform dedicated to providing advanced analytics for lending firms, capital market institutions and investors, confirmed with DSNews.com on Monday that it will be assisting the New York Attorney General’s Office in its case against major Wall Street firms, who are accused of not properly disclosing risky subprime loans to investors.
Read More »Foreclosure?s Forgotten Victims: The Animals Left Behind
A new trend of families leaving their pets behind after losing their homes to foreclosure has animal rights advocates concerned across the country, according to the Humane Society of the United States (HSUS).
Read More »National City Corp. Faces Subprime-Related Lawsuit
San Diego, California-based Coughlin, Stoia, Geller, Rudman & Robbins LLP., has filed a class action lawsuit in a United States District Court against National City Corp., claiming the company misled investors by failing to disclose it had risky subprime mortgages on its books during a certain class period.
Read More »President and Congress Agree on Economic Stimulus Package
U.S. President George W. Bush and the U.S. House of Representatives announced Thursday that they’ve reached a bipartisan agreement that aims to stimulate the economy by pumping $100 billion in temporary relief to middle and lower class Americans.
Read More »Existing-Home Sales Declined in December
Existing-home sales fell 2.2-percent to a seasonally-adjusted annual rate of 1 of 4.89 million units last month, compared to a rate of 1 of 5.00 million units in November of 2007, according to a new report from the National Association of Realtors (NAR).
Read More »EMC Mortgage Corp. Appoints Vice President of Document Operations
Lewisville, Texas-based EMC Mortgage Corp. (EMC), a company that specializes in the servicing of mortgage loans, has promoted Jodi Brown-Kerns to the position of senior vice president of document operations within the company’s Enterprise Operations Services Division.
Read More »Home Prices Faring Well in Certain Markets
While several American cities battled with depreciating home sale prices last year, other key housing markets continued to experience some home price appreciation during the 12-month period ending in October, according to First American CoreLogic’s November 2007 LoanPerformance Home Price Index (HPI).
Read More »Fiserv Appoints New Board Member
Brookfield, Wisconsin-based Fiserv Inc., a technology provider servicing the financial and insurance industries, appointed Denis O’Leary to its Board of Directors this week. O’Leary, who previously spent 25 years at JP Morgan Chase & Co.
Read More »New RealtyTrac Tool Manages Business Leads
Irvine, California-based RealtyTrac, an online portal designed for the marketing of foreclosure properties, is revving up its business platform for the benefit of agents and brokers with the launch of its RealtyTrac Lead Management System.
Read More »Ohio AG Sues Freddie Mac
Ohio Attorney General Marc Dann filed a lawsuit against Freddie Mac this week on behalf of the Ohio Public Employees Retirement System (OPERS), claiming the government-sponsored enterprise (GSE) deceived OPERS and other investors by failing to disclose the company’s investment in securities backed by subprime loans.
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