Monthly Archive
for: ‘February, 2012’

A nationwide recruiting agency announced its search for mortgage professionals in the Dallas-Fort Worth area in response to growing needs for mortgage industry professionals. Due to record-low interest rates, demand for services related to the mortgage…

Stewart Title Guaranty Company announced the appointment of a new VP and agency services manager for New Jersey.

Michael F. Frederick was hired for the position and will be responsible for establishing new and supporting agency relationships within…

California Attorney General Kamala D. Harris outlined the six parts in the proposed California Homeowner Bill of Rights during a press conference on Wednesday. The first part of the bill the California AG announced was the Foreclosure Reduction Act, wh…

Overall economic activity continued to increase at a modest to moderate pace in January and early February, the Federal Reserve said in its periodic Beige Book, an anecdotal report of conditions in each of the 12 Federal Reserve districts. The report s…

LenderLive Settlement Services, a subsidiary of LenderLive Network Inc., announced the acquisition of MoKan Title Services LLC. MoKan, with offices located in Missouri and Kansas, offers title insurance coverage and services for residential and commerc…

Real gross domestic product – the output of goods and services produced by labor and property located in the United States – increased at an annual rate of 3 percent in the fourth quarter of 2011, the Bureau of Economic Analysis reported Wednesday. In …

Fannie Mae reported a net loss of $2.4 billion in the fourth quarter of 2011 on Wednesday, compared to a loss of $5.1 billion for the previous quarter. Fannie Mae also reported a 2011 yearly net loss at $16.9 billion, compared to $14 billion in 2010. D…

The Federal Housing Administration (FHA) has seen its capital reserves quickly dissipate over the past few years amid a growing number of mortgage defaults and payouts on insurance claims. In an effort to bolster its capital cushion, the federal agency…

Insistent that principal reductions are the best line of defense in loss mitigation, California Attorney General Kamala Harris is calling on Fannie Mae and Freddie Mac to halt foreclosures in her state while the Federal Housing Finance Agency (FHFA) co…

Potestivo & Associates, P.C., announced the promotion of associate attorney Keith H. Werwas to assistant VP and managing attorney for the Chicago office. Werwas began his career with the firm in 2009 and works with all aspects of default servicing incl…