Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, hired Maria Sedlack as director of investor relations management.
News
DataQuick Releases Valuation Tool for Assessing Portfolio Risks
DataQuick launched a valuation tool to help portfolio risk managers with correctly assessing default and loss severity risk. CMV-Portfolio is a flexible, automated valuation tool that uses confidence scores and configurable business rules to optimize p…
Home Prices in March Show Monthly Gain but Yearly Loss: CoreLogic
When including distressed sales, home prices rose month-over-month by the same percentage point as they dropped year-over-year. CoreLogic reported Tuesday in its March Home Price Index (HPI) that compared to a year ago, prices declined 0.6 percentin Ma…
Gerner & Kearns Attorney Accepted as Fellow for State Bar Foundation
Gerner & Kearns Co. announced the acceptance of Daniel A. Cox, the firm’s director of legal operations, as a fellow for the Ohio State Bar Foundation.
IL Group’s Customer Service Earns Repeat Business from Fay Financial
IL Group, a provider of customized lender placed insurance products and services headquartered in Gulf Shores, Alabama, has counted Chicago-based Fay Financial as a client for three years. The company announced last week that Fay Financial will continu…
More than 200 Banks Pose High Risk of Failure: Trepp
While the pace of bank closings has slowed this year compared to the year before, in its bank failure report, Trepp noted that there are still more than 200 banks at high risk of failure as of the first quarter of 2012. More specifically, 209 banks are…
HOPE NOW Reports 207,000 Completed Mods for Q1
At 207,000 permanent loan modifications for homeowners from servicers for the first quarter of 2012, loan modifications decreased by 31 percent compared to a year ago this same quarter, according to data released by HOPE NOW. Of the total, approximatel…
FHFA Explains Intentions of REO-to-Rental Initiative
Clarification was offered Monday on misconceptions regarding the REO-to-Rental Initiative, currently in pilot stages. Meg Burns, FHFA’s senior associate director for housing and regulatory policy, explained in testimony to lawmakers the purpose and int…
Fannie Mae: Confidence in Economy and Home Values Increasing
The expectation for home prices and the percentage of those who think the U.S. economy is on the right path reached record all-time highs in Fannie Mae’s April 2012 National Housing Survey. Americans continue to expect home prices to go up, with the pr…
HAMP Activity Slides, HAFA Holds Steady
The government’s Home Affordable Modification Program (HAMP) continues to add borrowers to its roster each month, but the pace has slowed. Data released Friday by Treasury and HUD shows the number of permanent HAMP mods granted during the month of Marc…
