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Servicing

FICO Earnings Fall Short

FICO, the decision management technology and makers of the ubiquitous credit scores announced the net income for its fiscal second quarter is down 40 percent to $7.7 million, or $0.19 per share due to an $8.1 million after-tax restructuring charge for workforce and facility reductions.

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ICON Believes in Regional Talent

Icon Residential Lenders recently bolstered the company's West Coast sales team with two notable promotions from within the organization and a new hire joining Icon from 360 Mortgage Group. Rhett Hubbard was promoted to area sales manager for Orange and San Diego counties, and Justin Smith will also take on an upgraded role as area sales manager for Los Angeles, Riverside, San Bernardino, and Ventura counties. New to Icon, Debbie Hood has been appointed as the area sales manager for the Pacific Northwest.

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NCUA May File Against Big Banks

The National Credit Union Administration which is now controlled by Federal regulators, is threatening to sue several investment banks unless they refund more than $50 billion in securities that were purchased by the five wholesale credit unions that make up the organization.

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New Leadership at LenderLive

Linda Naylor is joining LenderLive as their new Executive VP of strategic implementation, and the company hopes to build on her 34 years of experience in the industry to maintain and enhance their overall company strategy. Naylor is charged with overseeing LenderLive's general implementation and enterprise critical initiatives.

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