Saturday , 28 November 2020

Around The Web

Ranking: Best and Worst Presidents by Homeownership Rate

By xhevrije There are many metrics by which to judge the current administration against those of the past. This week, ValueWalk ranked the ‘best’ and ‘worst’ presidents as judged by their homeownership rates. Making ValueWalk’s ‘best’ list were Presidents Clinton, Johnson (Lydon), and Carter who saw homeownership expand during their presidencies by 5.1 percent, just over 1.1 percent, and just …

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Banks Agree to Remove Credit Notations on “Zombie” Debt

By Jann Swanson Posted To: MND NewsWire A million or more consumers nationwide may see their credit histories improve as a result of an agreement in a Federal Bankruptcy Court in White Plains, New York. As a result of two separate lawsuits brought in the court Bank of America and JPMorgan chase have agreed to update borrowers’ credit reports to …

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Green River Capital Hires New Chief Operating Officer

By Brian Honea Provider of REO asset management and loss mitigation services for mortgage servicers, investment firms, and banking institutions, Green River Capital (GRC) recently named Katie Brewer as COO. The post Green River Capital Hires New Chief Operating Officer appeared first on DSNews. Via:: Green River Capital Hires New Chief Operating Officer       

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Freddie Mac Posts Upward Trending Mortgage Rates

By Brian Honea In their Mortgage Market Survey (PMMS), Freddie Mac found that mortgage rates inched to the highest levels seen in nearly a month for the week ending May 7, 2015. Len Kiefer, deputy chief economist at Freddie Mac, attributes the rise in part to a selloff in German bonds that drove U.S. Treasury yields above 2.2 percent. The …

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BLS Data Shows Employment Holding Steady

By xhevrije The Bureau of Labor Statistics (BLS) released their “Employment Situation—April 2015” report today, showing that the total number of non-farm payroll employment has increased by 223,000 in April, while the unemployment rate remained unchanged from the previous month at 5.4 percent. The post BLS Data Shows Employment Holding Steady appeared first on theMReport.com. Via:: BLS Data Shows Employment …

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New York Appeals Court Revives CDO Fraud Suit Against Goldman Sachs

By Brian Honea The suit was dismissed by the Appellate Division of the New York Supreme Court in May 2013 on the grounds that ACA Financial, as a “highly sophisticated commercial entity” should have done its research on the securities before purchasing The post New York Appeals Court Revives CDO Fraud Suit Against Goldman Sachs appeared first on DSNews. Via:: …

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Mark Mackey Promoted to CEO for IDS

By xhevrije International Document Services (IDS) Inc., a mortgage document preparation vendor, recently announced the internal promotion of their former EVP Mark Mackey to CEO for the company. IDS is a nationwide provider of mortgage documents and compliance. Their services include closing documents, initial disclosures, and fulfillment. The company was founded in 1986 in Salt Lake City, Utah. The post …

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ARMCO Selects Phil McCall to be New COO

By xhevrije ACES Risk Management (ARMCO) has hired mortgage quality control expert Phil McCall as its new COO. ARMCO provides Web-based audit technology as well as data and analytics to mortgage lenders, servicers, investors, and outsourcing professionals. “As COO, my goals are to guide ARMCO through this next phase of growth and to help expand the services … The post …

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