Lender Processing Services, Inc., (LPS) announced the launch of new mortgage insurance (MI) products through the LPS Loan Quality Gateway.
Read More »Vericrest Selects Management Vet to Lead as Chairman, CEO
Vericrest Financial, Inc., a Dallas-based financial services company specializing in residential mortgage loan servicing, announced the appointment of Joe Anderson to chairman and CEO, effective immediately. Anderson will lead the integration of Vericrest and Caliber Funding, LLC and assume the role of chairman and CEO of the combined organization.
Read More »Attorney General Draws Criticism for ‘Too Big to Jail’ Remarks
U.S. Attorney General Eric Holder caused a stir Wednesday by voicing the idea that certain financial institutions may be "too big to jail." In a testimony before the Senate Judiciary Committee on Justice Department (DoJ) oversight, Holder said he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to to prosecute when we are hit with indications ... it will have a negative impact on the national economy."
Read More »February Adds 236K Jobs, Unemployment Rate at 7.7%
The economy added 236,000 jobs in February and the unemployment rate slipped to 7.7 percent, its lowest level since December 2008, the Bureau of Labor Statistics (BLS) reported Friday. Economists had forecast payrolls would grow by 160,000 and that the unemployment rate would remain at 7.8 percent.
Read More »Consumers Show Mixed Feelings About Housing, Economy
Nearly half of respondents in Fannie Mae's most recent housing survey said they expect home prices to rise in the next 12 months, up from 45 percent in January.
Read More »NTC Promotes Longtime Employee to COO
Nationwide Title Clearing (NTC), a post-closing services provider located in Palm Harbor, Florida, announced the promotion of longtime employee Michael O'Connell to COO. O'Connell has been with NTC for eight years, formerly leading the sales and client relations teams as VP of client relations.
Read More »Leads360 Launches Cloud-Based Customer Relationship Management Solution
Leads360 announced the availability of Leads360 Express, a cloud-based software solution designed to help small lenders and loan officers improve their sales lead conversion rates.
Read More »First-Time Unemployment Claims Continue Downward Trend
Initial unemployment insurance claims fell 7,000 for the week ending March 2, closing the week at an advance estimate of 340,000, the Labor Department reported Thursday. The decline represents the fourth drop in the last five weeks, indicating a downward trend in layoffs.
Read More »Harvard Housing Studies Advisory Board Kicks Off 2013 with New Chairman
The Policy Advisory Board of Harvard├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Joint Center for Housing Studies convened its first meeting of 2013 under the leadership of recently appointed chairman Michael H. Thaman.
Read More »Ohio Lender Offers New Loan Program for Foreign Buyers
Following an industry report on immigrants in the American housing market, Residential Finance Corporation announced a new program for foreign and immigrant homebuyers.
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