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Author Archives: Kerri Panchuk

Clayton Holdings Agrees to Help Wall Street Probe

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.

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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.

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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).

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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).

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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.

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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.

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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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