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JPMorgan Chase Announces CFO Change for 2013

JPMorgan Chase's leadership team is undergoing a few changes: The bank announced that effective early next year, Marianne Lake will be stepping into the role of CFO. Meanwhile, current CFO Doug Braunstein will become vice chairman of the company.

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Housing Starts, Completions Rise in October as Permits Dip


Housing starts rose 3.6 percent in October to a seasonally adjusted annual rate of 894,000--the highest level since July 2008--but permits for new residential construction fell, the Census Bureau and Department of Housing and Urban Development reported jointly Tuesday. Permits and starts for September were revised lower, making the month-over-month percentage growth for starts stronger. Permits in October were down 2.7 percent from September to 866,000.

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Consumer Bureau Warns of ‘Potentially’ Misleading Mortgage Ads


Two federal agencies partnered up to let certain companies know their mortgage advertising tactics may be unlawful. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced letters were issued over potentially misleading advertisements that target veterans and older Americans.

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Quality Assurance Expert Joins Equator

Equator, a Los Angeles-based default servicing technology provider, hired Sevak Markarian as the company's new VP of quality assurance (QA). Markarian has more than a decade of experience in the field of information technology and has held management-level positions in QA and process improvement for more than 10 years.

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Bank Failure in Georgia Marks 50th This Year

Marking the 50th bank closing nationwide this year, the two branches of Hometown Community Bank in Braselton, Georgia shut their doors Friday and reopened Saturday as branches of CertusBank, National Association of Easley, South Carolina.

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Redfin: October Home Sales Defy Usual Slowdown

According to Redfin's Real-Time Home Price Tracker for October 2012, home sales increased 9.8 percent across 19 major U.S. markets from September to October, an unusual gain in a month that commonly sees monthly declines of at least 5 percent. Prices also increased in October, though on a more modest scale. The tracker reported price increases of 8.4 percent year-over-year and 0.4 percent month-to-month. Seventeen of the 19 cities covered in the report saw higher prices than in 2011.

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Superstar Singer Lists Georgia Mansion for $3.2M

After a tumultuous divorce, Grammy-winning singer Usher is selling his Georgia mansion, recently listing the property for $3.2 million. According to Zillow, the 12,544-square-foot home still serves as the main residence for the star's now ex-wife, and the website noted that, as per their settlement agreement, Usher is allowed to place the abode on the market with only 60-days notice.

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