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Ocwen Adds New Independent Director to Board

Ocwen Financial Corporation, one of the country's largest non-bank mortgage servicers, announced the appointment of Alan J. Bowers as a new independent director to the firm's Board of Directors, according to an announcement from Ocwen.

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Citadel Servicing Begins Using USRES Valuation Services

New

U.S. Real Estate Services (USRES), a nationwide appraisal management company (AMC) headquartered in Lake Forest, California, has announced that Citadel Servicing Corporation (CSC) is using its origination broker price opinion (BPO) services, according to an announcement from USRES.

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Financial Prospects Gain Optimism for Future, Fed Survey says

Fed

Individuals' optimism regarding future financial prospects increased substantially from 2013 to 2014, while perceptions of current financial well-being improved only modestly, according to a survey conducted by the Federal Reserve released Wednesday. The Fed's 2014 Survey of Household Economics and Decisionmaking, which was completed by about 5,800 individuals last fall to provide insight into various aspects of Americans' personal finances such as economic security, banking, credit access and usage, housing, household debt (including education and student loan debt), savings, and preparedness for retirement.

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Home Prices See Largest Monthly Gain Since June 2013

Black Knight’s Data and Analytics division released its monthly Home Price Index (HPI) report today that is based on March 2015 residential real estate transactions, revealing that home prices have seen their largest monthly gain since 2013.

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Darleen Aragon Joins Credit Plus

Credit Plus announced today that it has hired Darleen Aragon, an experienced industry professional as the new regional account executive. Aragon will be offering lenders throughout the U.S. the full range of Credit Plus’ third-party verification tools in her new role.

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Fannie Mae Reports Net Income of $1.9 Billion

Fannie Mae reported a net income of $1.9 billion for the first quarter of 2015, up from $1.3 billion from the previous quarter, according to Fannie Mae's Q1 2015 financial results released Thursday. The primary driver of the nearly 50 percent quarter-over-quarter increase in net income was lower fair value losses for Q1, according to Fannie Mae's announcement.

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