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Author Archives: Kerri Panchuk

MBA Launches the Foreclosure Prevention Resource Center

The Mortgage Bankers Association (MBA) is furthering its loss mitigation efforts by expanding its HomeLoanLearningCenter.com Web site to include the new Foreclosure Prevention Resource Center. The center, which was designed to provide borrowers with comprehensive advice on how to face and mitigate foreclosures, is now part of the MBA’s assortment of home retention resources.

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Lone Star Moves Forward with Accredited Acquisition

Dallas, Texas-based Lone Star Fund V. announced Friday that it has satisfied all of the conditions necessary to acquire all outstanding shares of common stock of Accredited Home Lenders Holding Co., Accredited announced in a press release this week.

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Overture Appoints Linda Simmons as SVP of Business Development

Bethesda, Maryland-based Overture Technologies, a developer of automated underwriting systems, has named Linda Simmons senior vice president of business development—a role in which she will provide a consultative approach to further Overture’s reach with current and prospective clients, the company said.

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MBA Not Fond of Proposed Bankruptcy Legislation

The Mortgage Bankers Association) released a statement this week signaling its concerns about proposed legislation that, if passed, would allow bankruptcy judges to modify the terms of a mortgage contract during bankruptcy proceedings.

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