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Author Archives: Kerri Panchuk

Iowa Attorney General Calls Out to Distressed Borrowers

Iowa Attorney General Tom Miller is promoting Iowa’s foreclosure hotline (877.622.4866) and asking distressed borrowers to seek loss mitigation counseling as soon as possible. In a statement, Miller’s office says, The hotline may be especially helpful to subprime borrowers with adjustable rate mortgages, or ARMs.

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ProVest Announces Executive Level Appointments

Tampa, Florida-based ProVest, a company that serves as a process server for the mortgage default industry, announced key personnel changes this week, including the appointments of Michele Fisser Wolfe and Fred Zakula to the positions of vice president of Florida operations and vice president of Illinois operations, respectively.

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HomeTrackerOne Streamlines Asset Management Process

Texas-based HomeTracker, LP , is now offering real estate professionals and asset managers a complimentary 30-day trial of its HomeTrackerOne technology—a solution that has the capability of listing properties via its BidSelect® platform.

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New Century Financial Board of Directors Step Down

Two members of the Board of Directors at New Century Financial Corp. announced their resignation from the Board last week, according to a filing with the Securities and Exchange Commission. Robert Cole, a former chief executive officer with the company and a Board of Director resigned along with Edward F.

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PMI Group Inc. Appoints Chief Economist and Strategist

Walnut Creek, California-based The PMI Group Inc., a provider of solutions that are designed to expand homeownership, has appointed David W. Berson chief economist and strategist. In his new role, Berson will oversee domestic and global market research and planning, support of government relations and public policy and strategic environmental planning.

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WaMu Unveils Lending Standard for Brokers

Seattle, Washington-based Washington Mutual (WaMu) a new lending standard for mortgage brokers this week, which requires brokers working with the company to educate borrowers on every component of their WaMu mortgage loans.

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FDIC Closes NetBank

Alpharetta, Georgia-based NetBank was closed late last week by the Office of Thrift Supervision and the Federal Deposit Insurance Corp., according to a press release posted on the bank’s Web site.

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Kansas Attorney General Combats Foreclosures

Kansas Attorney General Paul Morrison has formed a task force to address the threat of rising foreclosures in the state. The task force will investigate the reasons behind the foreclosures and develop recommendations on how the state can reduce those figures and protect consumers.

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