Marsha Williams, a compliance expert at Mortgage Resources Group (MRG) will speak at two industry events this month. Williams will discuss “What’s Happening in Residential Mortgage Lending?” at the Texas Association of Bank Counsel Convention in Bastrop, Texas, which takes place September 21-22. She will also be part MBA's Risk Management, QA and Fraud Prevention Forum in Miami, September 24-26. Williams serves as senior attorney at MRG, which has been offering mortgage industry compliance solutions for more than 35 years.
Read More »Key HUD Vacancy Filled
Pamela Patenaude was officially confirmed as the Deputy Secretary of the U.S. Department of Housing and Urban Development by the U.S. Senate Thursday afternoon. This will be her second tenure at the agency.
Read More »Fannie Mae Sells Over 10,000 Loans: UPB $2.5 Billion
Fannie Mae disclosed the result of its fourth reperforming loan sale recently. The deal was originally announced back on August 10, 2017, and included 10,700 loans totaling and unpaid principle balance of $2.43 billion.
Read More »Optimizing Returns on Assets
Following a steady market recovery since 2009, home auctions are gaining traction. Servicers now face the challenge of effectively selling assets while also optimizing returns. For nearly a decade, Hubzu® has helped banks and servicers accelerate disposition timelines and reduce holding costs.
Read More »HouseCanary Secures $31M in Funding
HouseCanary, a San Francisco based real estate data analytics and valuation platform, announced today a commitment of $31 million in funding from investors, bringing the company’s total funding to $64 million since it was founded in 2014. Among the investors were Alpha Edison and PSP Growth, a division of PSP Capital, which was founded by former Commerce Secretary Penny Pritzker. HouseCanary also received additional investment from existing investors in its Series B funding. “Our vision continues to be validated by both the technology and real estate industries, and is further underscored by the support from PSP Growth and Penny Pritzker, one of America’s most prominent entrepreneurs and business builders,” said Jeremy Sicklick, CEO of HouseCanary.
Read More »Scott Arnold Promoted to SVP of Finance at DIMONT
DIMONT, a Dallas, Texas-based provider of insurance claims and collateral loss mitigation for residential mortgage and auto loans, announced Wednesday Scott Arnold will serve as the company’s SVP of Finance and Administration. With more than 40 years of experience in senior level positions in accounting, finance, and management across several industries, Arnold came to DIMONT in 2016 as VP of Finance. He had previously served as DIMONT’s interim controller twice. Arnold is licensed as a CPA in Texas and Wisconsin and holds a Bachelor of Business Administration in Accounting from the University of Wisconsin-Milwaukee.
Read More »Freddie Mac Updates Servicing Guidelines
Freddie Mac released a join bulletin with Fannie Mae Wednesday that updates its guidelines for standard servicing policies, which are unrelated to its special initiatives to aid those affected by the hurricanes that have ravaged the continental United States.
Read More »Census Bureau: Optimistic Outlook for Economy
The U.S. Census Bureau announced new comprehensive data for dates ranging between 2015 and 2016, which shows improvements in median income, poverty and health insurance coverage.
Read More »Wells Fargo CEO Looks Toward the Future
Tim Sloan, CEO of Wells Fargo, expressed his expectation that expenses to the third-largest bank will be reduced to around 60 percent of revenue in the second half of 2017.
Read More »Brian A Potestivo and Chantelle R. Neumann Receive 2017 Super Lawyer and Rising Star Nominations.
Brian A. Potestivo, President and Managing Attorney of Potestivo & Associates, P.C. was named a 2017 Super Lawyer. Supervising Litigation Attorney, Chantelle R. Neumann, was additionally selected for inclusion in the 2017 Michigan Rising Star List.
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