Headlines

The debate over whether "too big to fail" has ended and the criteria for designating a bank holding company as "systemically important" under Dodd-Frank has continued this week as lawmakers convened to discuss the controversial law and its effect on the American financial system.

Wells Fargo & Company recently announced that Hope Hardison, who leads Human Resources for the company, will become Chief Administrative Officer, effective August 31, 2015. She will succeed newly retired Pat Callahan, who has been with the company for 38 years.

RedVision, an independent national provider of title and real property research solutions based in Parsippany, New Jersey, recently announced in a press release the completion of their new business structure called the Customer Relationship Management (CRM) team to align cross-organizational resources across all points of the customer life cycle.

Large firms are more positive about ALTA best practice compliance framework than their smaller counterparts, according to the second annual 2015 ComplianceSuccess Survey from Habif, Arogeti & Wynne, LLP (HA&W), a Georgia-based tax, accounting, and business consulting firm.

Arch Mortgage Insurance (MI) Company, a provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd., recently released the Summer 2015 edition of its Housing and Mortgage Market Review. The review contains the latest Arch MI Risk Index model results which revealed that the national average risk of price declines remains unchanged at 8 percent and North Dakota and Texas have elevated risks due to oil and gas exposure and higher home prices in relation to incomes.

Auction.com, LLC, a online real estate marketplace, is among the winners of the 13th annual AlwaysOn Global 250, a list of the most promising private companies creating enormous opportunities and inventing new categories across the global technology landscape, the company announced in a press release.

The Total Mortgage Credit Availability Index (MCAI) decreased in June, indicating that lending standards are tightening, according to a release from the Mortgage Bankers Association on Tuesday. The Total MCAI, which was benchmarked to 100 in March 2012, declined by 0.5 percent in June down to 122.

In May, the amount of open, unfilled construction sector positions increased over a slightly downwardly revised April estimate, according to the Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS) and National Association of Home Builders (NAHB) analysis presented by Robert Dietz on their Eye on Housing blog. The number of construction jobs increased from 137,000 in April to 149,000 in May on a seasonally adjusted basis.

Document preparation service GuardianDocs, a division of Denver, Colorado-based domestic-based end-to-end mortgage services provider LenderLive Network, is seamlessly integrated with Calyx Software, a Dallas, Texas-based mortgage solutions provider for banks, credit unions, mortgage bankers, and brokers, according to an announcement from LenderLive Network.

First Title & Escrow, a national provider of origination and default title, closing, and vendor management services to the mortgage industry, recently announced the hire of Natalie Owens to their team based in First Title’s Dallas location as a National Sales Executive. In her role, she will be responsible for business development, client communication, and client management.