Cost of Compliance: Consolidation
The default servicing space is narrowing under new legislated regulations. “The bottom line is that doing the necessary work of protecting our financial system and its customers comes with a cost.”...
View ArticleJudicious Property Manager Needed
Amid budget cuts and promises to eliminate waste, the government is bleeding billions to maintain and secure vacant, underutilized federally owned properties. Special Print Feature, originally appeared...
View ArticlePite Duncan Adds New Partner
Pite Duncan, LLP, announced the promotion of Christopher Peterson to partner. Peterson joined Pite Duncan in 2009 and has been working as a senior associate attorney in the firm's litigation group. He...
View ArticleDocMagic Addresses Compliance Woes Related to ECOA Valuation Rule
DocMagic, Inc., says it has a variety of solutions available that support lenders' compliance with the ECOA Valuation Rule, no matter what the lender's business rules are. Under the ECOA Valuation...
View ArticleStewart Continues Expansion of Capital Markets Group with Hiring of New Director
Stewart Lender Services hired John Desmond as director of regulatory compliance, capital markets. Desmond is responsible for overseeing the compliance and regulatory aspects of operations within...
View ArticleIDS Names Next VP of Business Development
Mortgage document preparation vendor International Document Services, Inc. (IDS), in Salt Lake City, Utah, has hired Daniel Miller as VP of business development. With nearly 20 years’ experience in...
View ArticleBerkshire Hills Completes Acquisition of BofA Branches in Central New York
Berkshire Hills Bancorp, Inc., announced Tuesday that its banking subsidiary, Berkshire Bank, has completed the previously announced acquisition of 20 retail bank locations from Bank of America,...
View ArticleDecline in Foreclosures Outpaces Decline in Loan Modifications
An estimated 44,000 homeowners received permanent loan modifications from mortgage servicers during the month of November under both proprietary servicer programs and the government’s Home Affordable...
View ArticleCalifornia AG Busts Statewide, Multi-Million Dollar Housing Scheme
California officials on Wednesday arrested five individuals who allegedly ran a statewide housing scheme involving the fraudulent seizure of at least 23 homes in nine counties. Allegedly, since 2006,...
View ArticleMiami Real Estate Agents Sentenced in Multimillion-Dollar Fraud
Two former Miami real estate agents were sentenced Thursday for their roles in a $2.4 million mortgage fraud scheme. The Justice Department announced that Jose Filgueiras, 43, was found guilty of three...
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