Tag Archives: Company News

Standard & Poor's most recent data on home pricing indicates rising numbers over four consecutive months, according to the company's S&P/Case-Shiller Home Price Indices.

Florida Realtors has announced the hiring of a new chief economist, with the addition of Dr. John Tuccillo, who is a former chief economist for the National Association of Realtors.

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.

Data from HMDA's annual survey indicates positive moves for minorities. The study's statistics examining lenders handling of minority borrowers shows a 5 percent decrease.

After a drought for good news, markets and mortgage lenders found reason to celebrate Monday with a late-day flood by investors to their stocks. Confidence-boosting measures by government officials led the charge by investors to lenders like Bank of America and JPMorgan Chase, with central bankers in Europe mustering up an aid package for debt-ridden countries.

Investment company Chrysalis Holdings, LLC, has added a new face to its board of directors, recently appointing Rear Admiral Thomas C. Lynch to its membership.

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.

Bank of America green-lighted another restructuring move Friday, with news breaking that the mortgage giant signed off on an $880-million selloff in commercial real-estate loans. Multiple news reports held that the portfolio, worth about $1 billion to a cluster of investors, will benefit from a bevy of discounts. Who benefits? According to multiple news outlets, a venture created by Canyon Capital Realty Advisors LLC, Invesco Ltd., and Square Mile Capital Management LLC will sop up the loans.

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.

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.