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BAC Under Extended Investigation by Hagens Berman

Bank of America Corp. will continue to be under investigation, following a recent filing that alleges the big bank failed to properly inform investors as to risk factors associated with a pending lawsuit from American International Group. Hagens Berman announced that it will advance its look into BAC's investor dealings surrounding the bank's legal issues with AIG. BAC shares dropped significantly in the wake of the AIG filing, and it's estimated that the full damages equate to around 20 percent per share.

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RREP and WL Ross Team Up to Buy DBBM

A new acquisition is in the works for Ranieri Real Estate Partners LP (RREP) and WL Ross & Co. LLC. The companies are teaming up to purchase Deutsche Bank Berkshire Mortgage.

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Study: More Mortgage Professionals Choose Paperless Lending

More loan officers, underwriters, and attorneys are filing their loan documents and closing deals in a paperless environment, according to a recent survey. Xerox released a survey Wednesday that found some 61 percent of mortgage industry professionals are ditching their loan folders, logging in to online systems, and doing more business without paper. The seventh annual Path to Paperless survey revealed some 96 percent of respondents favor a workplace without paper.

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Churchill Snags Second Place Honors

The Nashville Business Journal has honored Churchill Mortgage within its annual list of the top 25 Fastest-Growing Companies. Ranking second on the prestigious roster, Churchill's programs offering traditional, FHA, and VA residential loans secured the company's strong placement.

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BancorpSouth Announces Cowsert’s Replacement

A new executive vice president has been announced at BancorpSouth, Inc., with the appointment of James Ronald Hodges to the position. Hodges' ascension to the role follows the company's previously planned retirement of W. Gregg Cowsert after 21 years of service to BancorpSouth.

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CRBC Gets Government Appointed Board Member

Citizens Republic Bancorp, Inc, has a new board member with the addition of William M. Fenimore Jr. Elected to CRBC├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós board of directors by the U.S. Department of Treasury, Fenimore├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós appointment was conducted in conjunction with the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós participation in the Treasury├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Capital Purchase Program.Citizens Republic Bancorp, Inc, has a new board member with the addition of William M. Fenimore Jr. Elected to CRBC's board of directors by the U.S. Department of Treasury, Fenimore's appointment was conducted in conjunction with the company's participation in the Treasury's Capital Purchase Program.

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Veros and JVI Rolling Out New Product

VeroINSIGHT has lift off, with Veros Real Estate Solutions and JVI Solutions LLC recently announcing the arrival of the new, collaborative product. Targeting property condition reports and regulation compliance, the company's latest technology launch is good news for those conducting collateral evaluations.

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