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  •   Keller Williams Realty Launches Operations in Southern Arizona
Keller Williams Realty, an Austin, Texas-based real estate franchise operation, recently announced the launch of Keller Williams Southern Arizona. This new operation, formerly with Realty Executives, includes seven offices with more than 375 real estate agents and staff.
DSNews.com,Admin,   03/11/2010

  •   Lend America and Its VP Barred from Federal Mortgage Market
New York-based Lend America and its senior-level strategist and VP, Michael Ashley, have been permanently banned from doing business for the Federal Housing Administration, according to recently released court documents. Ashley helped build Lend America into one of the most lucrative FHA loan producers, but federal attorneys say all the while he's been in violation of an earlier industry ban, when he plead guilty to wire fraud conspiracy in 1993.
DSNews.com,Admin,   03/11/2010

  •   GMAC Sells $250M in Problem Mortgages as CFO Steps Down
GMAC Financial Services has auctioned off $250 million of problem mortgage assets, using Citigroup Inc. as its broker on the deal, according to a report from American Banker. GMAC reported in February that its $5 billion loss during the final months of last year was largely the result of “legacy assets in the mortgage operations.” A regulatory filing by the company this week also revealed that its CFO, Robert Hull, has resigned, effective at the end of this month.
DSNews.com,Admin,   03/11/2010

  •   Interthinx`s FraudGUARD update stamps out occupancy fraud
Interthinx has enhanced its flagship FraudGUARD product with new variances to help detect occupancy issues related to mortgage fraud. The changes come in response to a disturbing trend the company uncovered in its quarterly fraud risk reports. Occupancy fraud showed a slight quarter-over-quarter increase in the third-quarter 2009 report, which alerted the Interthinx product team to study issues including occupancy fraud, buy and bail schemes, straw buyers, risks associated with delinquency/default, and risks associated with increased home value.
NationalMortgageProfessional.com,NMP Media Services,   03/10/2010

  •   Credit Outlook Remains Negative for Most U.S. Banks: Fitch
Fitch Ratings warned Tuesday that the still-weak financial fundamentals of the nation's lenders have cemented its rating outlook for the U.S. banking sector as negative. The New York-based agency did note, though, that many of the factors that have been putting downward pressure on banks' ratings, including lending and liquidity, are easing. However, commercial real estate exposure, particularly for regional banks, as well as consumer mortgages are expected to weigh heavy on lenders' earnings into 2011.
DSNews.com,Admin,   03/10/2010

  •   Exclusive Electronic Signature Service Available for Realtors
On Wednesday, the National Association of Realtors (NAR) and DocuSign, a provider of on-demand electronic signature solutions, unveiled the DocuSign Realtor Edition, an exclusive online eSignature service designed specifically for Realtors. The new Realtor Edition allows NAR members to electronically sign agreements with buyers and sellers, which saves Realtors time and provides client convenience.
DSNews.com,Admin,   03/10/2010