NEW YORK, N.Y. (CitizenWire) — Foreclosure Warehouse reports that Florida foreclosed homes in April were down 14.81 percent in Florida than a month ago, and California was down 8.46 percent.
Archive | Finance
Finance News, including banking, mortgage lending, public companies, economic reports, earnings, and related financial news.
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.
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.
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.
Texas-based Domestic Development Company announces a compelling real estate investment product that allows people to invest in oil
DALLAS, Texas (CitizenWire) — Domestic Development Company (DDC) announces a compelling real estate investment product that allows people to invest in oil, while yielding the greatest payback, superior tax benefits and long-term cash flow.
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 […]
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.
Priceweaver, Inc. moves to larger corporate facility in Rancho Santa Margarita, Calif.
RANCHO SANTA MARGARITA, Calif. (CitizenWire) — Priceweaver, Inc., a secondary marketing-focused product and pricing provider, announced that it has moved its office to a larger facility. The relocation allows the company to grow and satisfy an increasing demand for its solution.
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.
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.
Julie Sylim-Uang Joins Wholesale Trading Co-Op Insurance Services, LLC (WTCI)
SAN FRANCISCO, Calif. (CitizenWire) — Wholesale Trading Co-Op Insurance Services, LLC (WTCI) announced today that wholesale binding authority/program industry veteran, Julie Sylim-Uang, CPCU, has joined the firm as vice president/commercial accounts.
Counsellors Title Agency, Inc. adds Carmine P. Giordano to New Jersey HQ
TOMS RIVER, N.J. (CitizenWire) — Counsellors Title Agency, Inc. announces that Carmine P. Giordano, a licensed title producer with 40 years of title experience, is joining its Toms River, New Jersey headquarters.
More Florida Foreclosures Rejected by Courts, says ForeclosureDeals.com
MIAMI, Fla. (CitizenWire) — ForeclosureDeals, an online leader in the foreclosure listings and information industry, reports that new developments in the Florida foreclosure market could slow the rate of foreclosures drastically statewide.
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 […]
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.
South Carolina Community Action Partnership, Head Start Conference: Jacqueline M. Tiso to Present
PATTERSON, N.Y. (CitizenWire) — Jacqueline M. Tiso, CEO and founder of JMT Consulting Group, has been invited to speak at the 2011 Annual Spring Training Conference for the South Carolina Community Action Partnership and South Carolina Head Start Association.
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 […]
Wholesale brokerage industry veteran David Bamford has joined WTCI
SAN FRANCISCO, Calif. (CitizenWire) — Wholesale Trading Co-Op Insurance Services, LLC (WTCI) announced today that wholesale brokerage industry veteran David Bamford has joined the firm as vice president/casualty broker.
Dr. Finian Tan Invests in Online College Affordable Education Programs and International Expansion
LOS ANGELES, Calif. (CitizenWire) — CalUniversity (California InterContinental University), a leading distance-learning educational institution, has received a $11.5 million investment from Dr. Finian Tan, the lead investor in China’s number one search engine Baidu.
MCT Trading, Inc. adds Rhonda Beck, CMB as Regional Sales Director
SAN DIEGO, Calif. (CitizenWire) — MCT Trading, Inc., a recognized leader in hedging and risk management, has announced that Rhonda Beck has joined the firm as regional sales director for its Charlotte, North Carolina office, and will lead the company’s expansion in the Southeast Unites States.
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.
Mortgage Escrow Account Fraud Exposed by Mortgage Audit Expert Jack Conte
SACRAMENTO, Calif. (CitizenWire) — The Federal Trade Commission (FTC) and Congress are taking notice, and now, so is Mortgage Audit Service. They all recognize that some mortgage servicers may be guilty of illegal activities servicing the escrow account and are working to uncover the truth and to make positive changes.
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 […]
Del Mar DataTrac celebrates 20th Anniversary, Surpassing $2 Trillion Funded through DataTrac SaaS
SAN DIEGO, Calif. (CitizenWire) — Del Mar DataTrac (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, is observing its 20th anniversary in 2011.
Laurie Spira has joined DocMagic Inc. as chief compliance officer
CARSON, Calif. (CitizenWire) — DocMagic, Inc., the mortgage industry’s leading provider of compliant loan document solutions, announced that Laurie Spira has joined the company as chief compliance officer.
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 […]
Substantial Growth in Mortgage Doc Volume in 2010 achieved by International Document Services
SALT LAKE CITY, Utah (CitizenWire) — According to Curt Doman, president of International Document Services (IDS), a mortgage document preparation vendor, 2010 marked the second year in a row the firm saw significant growth in the number of document packages prepared.
Trinity Financial gains Mortgage Expert Barry Habib
WALL, N.J. (CitizenWire) — Peter Grandich, founder of Trinity Financial Sports & Entertainment Management Company, Atlantic Avenue, announced today that mortgage industry expert and Broadway Producer Barry Habib, as well as former Deputy Attorney General Robert F. Munoz, have joined the company’s corporate advisory board.
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 […]
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 […]
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 […]
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.
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).
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 […]
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 […]
SmartStops equity risk indicators chosen by Cortal Consors S.A.
SAN FRANCISCO, Calif. (CitizenWire) — SMARTSTOPS.net announced today that Cortal Consors S.A., a subsidiary of BNP Paribas, has incorporated SmartStops equity risk indicators into their website delivering powerful new risk management capabilities to their clients.
Foreclosure Deals business analyst reports that year-end 2010 statistics show no shortage of foreclosed homes
MIAMI, Fla. (CitizenWire) — Record numbers of foreclosures hit the market in 2010, as well as record numbers of people looking to buy them, reports Foreclosure Deals, a leading online provider of foreclosure news and information, in a year-end Foreclosure Filings 2010 review. The record-breaking trend of 2009 continued throughout the year, and many experts […]
Mobile Payments and Branch Item Capture to Drive 2011 Banking Tech Investments, says CONIX
MANCHESTER, Vt. (CitizenWire) — After hunkering down throughout 2010 recovering from a sobering 2009, banks will resume technology investments in 2011, in part with an eye toward meeting new demands on their payments operations, according to CONIX Systems, Inc.
What Do Stock Picks and Mullet Haircuts Have in Common?
NEW YORK, N.Y. (CitizenWire) — Plenty it turns out, according to Drs. Richard Peterson and Frank Murtha, whose behavioral finance consulting firm, MarketPsych LLC, has been analyzing data on the investor personalities of thousands of professional and retail stock pickers.
Lenders Should Adopt Model Privacy Form Prior to Year’s End to Retain Safe Harbor under Gramm-Leach-Bliley, says IDS’ Curt Doman
SALT LAKE CITY, Utah (CitizenWire) — Curt Doman, president of International Document Services, Inc. (IDS), a mortgage document preparation vendor, says lenders who have not adopted the Model Privacy Form are exposing themselves to unnecessary risk. Lenders are not required to adopt the Model Form and may, in fact, develop their own form to use.