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Finance News, including banking, mortgage lending, public companies, economic reports, earnings, and related financial news.

MCT Trading, Inc.

MCT Trading, Inc. Expands San Diego Corporate Headquarters to Support Growing Client Base

SAN DIEGO, Calif. (CitizenWire) — MCT Trading, Inc. (MCT), a leading provider of hedging and risk management advisory services, announced that the company has expanded its facilities, doubling the office space it previously had. The addition of space is the direct result of MCT’s growth strategy to support lenders making the shift from best efforts […]

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BankOwnedProperties.org

BankOwnedProperties reports that Statewide New York Foreclosures Rose Slightly While New Jersey Dropped

NEW YORK, N.Y. (CitizenWire) — In some of the top cities in United States the underlying unemployment problem shows the impact on homeowners that face foreclosures, despite government programs to help hundreds of thousands nationwide keep their homes. According to BankOwnedProperties, the foreclosure listings showed both drops and rises in the states of N.J. and […]

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ForeclosureListings.com

U.S. Foreclosure Crisis Falling and Rising in Major Cities, according to stats from ForeclosureListings.com

NEW YORK, N.Y. (CitizenWire) — ForeclosureListings has noticed falling and rising trends in foreclosures in recent months. Why? When the supply of homes outweighs the demand for them, the prices shrink. When the values are attractive enough to investors with enough money to withstand the smaller return on the investment, the supply is reduced and […]

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LTC Financial Partners LLC

Financial Advisors Can Save Their Clients and Themselves a Bundle when Recommending Long-Term Care Insurance

KIRKLAND, Wash. (CitizenWire) — A New Jersey naval architect watched helplessly as over $1 million dollars disappeared into the health-care system. Like most middle-class Americans, the naval architect and his parents had missed an estate planning gap. Their financial advisors missed it too. No long term care insurance. ‘This was an expensive omission,’ says Jonas […]

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MCT Trading, Inc.

Hedging Advisory Firm MCT Trading Attributes 10th Anniversary Milestone to Customer Care

SAN DIEGO, Calif. (CitizenWire) — MCT Trading, Inc., a recognized leader in hedging and risk management services, announced the celebration of its of tenth anniversary in business. The company was founded in May of 2001 and has remained dedicated to the mortgage banking industry since its inception.

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ForeclosureDataOnline

Highest U.S. Foreclosure Listings Increase led by Colorado and Georgia, reports Foreclosure Data Online

NEW YORK, N.Y. (CitizenWire) — Foreclosure Data Online reports that Colorado and Georgia had the highest increase in foreclosure listings, considered the most in the United States from April to May of 2011, reflecting more accurate statistics and reasons challenging the overall appearance of a downward trend over the previous year.

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Prevail Consulting, Inc.

Prevail Consulting, Inc. announces launch of the Prevail Reinsurance System Hosted Solution

NEW CANAAN, Conn. (CitizenWire) — Prevail Consulting, Inc., a leading software and technology services provider for the property and casualty insurance industry, today announced the launch of its Prevail Reinsurance System Hosted Solution. Companies will now have the ability to manage their reinsurance business in a secure and scalable environment, while reducing costs.

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Masterseek Corporation

B2B Information Portal Masterseek.com Announces Private Placement of $25M

NEW YORK, N.Y. (CitizenWire) — Masterseek Corp., headquartered in New York, has announced the upcoming private placement of 3 million new shares at an expected price of $8.60 per share, for total expected proceeds of at least $25 million. Masterseek currently has 30 million outstanding shares, valued at about $9 each, implying a current value […]

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International Document Services, Inc.

International Document Services Appoints Mark Mackey Vice President

SALT LAKE CITY, Utah (CitizenWire) — International Document Services, a mortgage document preparation vendor, has promoted National Sales Director Mark Mackey to vice president. As company vice president, Mackey will guide operational aspects of IDS’s businesses, leading the company in day-to-day operations and reporting directly to IDS president Curt Doman.

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Foreclosure Deals

ForeclosureDeals.com reports that as California Foreclosures Rise, Real Estate Investment Flourishes

MIAMI, Fla. (CitizenWire) — Foreclosure Deals, an online leader in the foreclosure listings and foreclosure news industry, revealed that while California foreclosures are up significantly since the beginning of the year, foreclosures in California are taking up to a year to reach the market.

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Del Mar DataTrac

John Aslanian joins DMD as Vice President of Sales

SAN DIEGO, Calif. (CitizenWire) — Del Mar DataTrac(R) (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, has named John Aslanian vice president of sales. Aslanian has been DMD’s director of sales since 2007.

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International Document Services, Inc.

Curt Doman, IDS President Advises Lenders to Tackle HELOC-specific Doc Challenges

SALT LAKE CITY, Utah (CitizenWire) — Curt Doman, president of International Document Services, Inc., a mortgage document preparation vendor, says that while the resurgence of home equity loans and lines of credit is ultimately a good thing for both borrowers and the mortgage industry, there are specific document-related challenges lenders should address before re-entering the […]

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Edgewood Partners Insurance Center

Edgewood Partners Insurance Center adds Daniel J. Pierro, Jr. as principal and senior employee benefits consultant

LOS ANGELES, Calif. (CitizenWire) — Edgewood Partners Insurance Center (EPIC), a retail property, casualty insurance brokerage and employee benefits consultant, has added Daniel J. Pierro, Jr. as principal and senior employee benefits consultant. His addition comes through the acquisition of his company P&C Financial and Insurance Services, Inc. where he was owner and president.

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Arko Advice Research

Investors welcome business intelligence services in Latin America’s most promising emerging market

BRASILIA, Brazil (CitizenWire) — With strong economic growth (7.5 percent per annum), a large and robust domestic market and a stable democracy, Brazil is a thriving market for foreign investors. President of the political consulting firm Arko Advice and founder of the online intelligence service Brazilian Intelligence, Dr. Murillo de Aragao says, ‘In 29 years […]

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Del Mar DataTrac

DMD Exhibits DataTrac Originator Mortgage Lending Solution at ICBA Conference

SAN DIEGO, Calif. (CitizenWire) — Del Mar DataTrac, the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, will exhibit and demonstrate its DataTrac Originator mortgage lending point-of-sale solution at the 2011 ICBA National Convention in Orlando.

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International Document Services, Inc.

idsDoc Platform from International Document Services, Inc. gets enhanced e-Signature options

SALT LAKE CITY, Utah (CitizenWire) — International Document Services, Inc., a mortgage document preparation vendor, has enhanced the e-signature options for the idsDoc platform. Changes were made based on the feedback and demand of customers and reflect the growing demand for more sophisticated e-signature capabilities that also keeps the process simple for borrowers and lenders […]

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ForeclosureWarehouse.com

ForeclosureWarehouse reports that Some States Provide Better Value for Foreclosure Property Investments

NEW YORK, N.Y. (CitizenWire) — Foreclosure Warehouse calls attention to future homeowners to some states with the best price values of foreclosure properties. Foreclosure Warehouse’ statistics show that the top states that had the lowest prices in the beginning of the 2011 compared to the same time in 2010 reveal advantageous situations for those who […]

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MCT Trading, Inc.

MCT Trading’s COO Philip Rasori will speak on panel at Eastern Secondary Marketing Conference

SAN DIEGO, Calif. (CitizenWire) — MCT Trading, Inc., a leading hedging and risk management firm, announced that its COO, Philip Rasori, will speak on a panel session that addresses the state of capital markets. The panel is being held by the Mortgage Bankers Association of Florida at the Grand Hyatt in Tampa Bay, Florida on […]

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Titan Lenders Corp

Titan Lenders Corp Gains Eight New Mortgage Lender Clients in Second Half of 2010 for web-based software Cerberyx

DENVER, Colo. (CitizenWire) — In accelerated growth mode throughout the year, Titan Lenders Corp (TLC) added eight mortgage lenders as clients in the second half of 2010, and experienced a twofold 2009 to 2010 volume increase. TLC offers a parallel and variable cost alternative solution to lenders that need to maintain back office and warehouse […]

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ForeclosureDataOnline

Data Supports Specter of Unemployment Keeping Foreclosures High in Some States says ForeclosureDataOnline.com

NEW YORK, N.Y. (CitizenWire) — According to The Associated Press’ monthly analysis, higher unemployment and foreclosure rates, especially in South Atlantic and Mountain states, raised the nation’s economic stress in November. This supports the findings from Foreclosure Data Online that confirms Colorado and Florida have more of the top 10 cities listed for the number […]

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Virtual Law Partners LLP

Silicon Valley Law-Firm, Virtual Law Partners, adds Attorney Fred A. Rodriguez for I.P. Law

PALO ALTO, Calif. (CitizenWire) — Virtual Law Partners LLP is very pleased to announce that international law attorney Fred Ariel Rodriguez has joined the firm as a partner. Mr. Rodriguez specializes in international legal matters involving the transfer of personnel, goods, intellectual property and services across borders.

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Fidelis Mortgage

Eric Rittmeyer, president Fidelis Mortgage, is one of the first in the nation to receive the designation of Certified Reverse Mortgage Professional

BALTIMORE, Md. (CitizenWire) — Fidelis Mortgage, a veteran-owned reverse mortgage business, announced this week that Eric Rittmeyer, president Fidelis Mortgage, was one of the first in the nation to receive the designation of Certified Reverse Mortgage Professional (CRMP) created by the National Reverse Mortgage Lenders Association (NRMLA).

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International Document Services, Inc.

Del Mar DataTrac Software for Mortgage Lenders chosen for solution from International Document Services

SALT LAKE CITY, Utah (CitizenWire) — International Document Services, a mortgage document preparation vendor, and Del Mar DataTrac, Inc., the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, have rebuilt their partner interface to improve mortgage lenders’ experience with the idsDoc […]

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Virtual Law Partners LLP

California’s Virtual Law Partners adds Denise Zack to Legal Services Team

PALO ALTO, Calif. (CitizenWire) — Virtual Law Partners LLP is very pleased to announce that Denise Zack has joined the firm’s Commercial Lending practice. Ms. Zack joins VLP from the Virginia office of Cooley LLP, where she served as special counsel in the Credit Finance and Leasing Finance practice groups and represented both institutional lenders […]

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