Wells Fargo/Premiere Asset Services and Vendor Resource Management scooped up multiple awards at HousingWire's annual Pinnacle celebration.
Wells Fargo/Premiere won four Pinnacles and VRM won three and one runnerup award.
The Pinnacle Awards, now in its second year, recognizes the nation’s top real estate management firms and corporate real estate departments. Winners are chosen via an extensive survey data involving thousands of real estate agents and brokers nationwide.
It's a love-hate relationship if ever there was one.
Publicly Washington will continue to bash Wall Street into 2011. "Wall Street" now being the loosest of terms to reflect any firm involved in mortgage finance.
But that will matter little to Rep. Darrell Issa (R-Calif.), incoming chairman of the House Oversight and Government Reform Committee, which is expected to lead the charge to investigate the role of Fannie Mae and Freddie Mac in the foreclosure crises.
JPMorgan ($52.99 0.7%) recently discovered a great way to promote its new JPMorgan Research iPad app — simply give every single one of its investment bankers an iPad so they can access it.
If this doesn't strike you as true genius, it's time to rethink strategy. Not only is JPMorgan doing a little bit of shameless marketing, it's distributing iPads for the betterment of Wall Street (aww, how heartwarming).
Although horse trading over the House and Senate versions of regulatory reform is limping to an end, I thought I’d bring up some fundamental observations the Bank of England’s Andrew Haldane made earlier this year on systemic risk and cost, bank size and diversification. Andy, as some Internet sources refer to him, is Executive Director, Financial Stability, at the BOE.
A new form of lawsuit against mortgage lenders is evolving amid the tight credit environment. Rather than alleging lenders made misleading or predatory loans, consumers are now filing suit over lenders refusing to extend credit.
A Zion, Ill. homeowner, Pascal Majon, is suing JP Morgan Chase ($52.99 0.7%) over alleged fraud to deny homeowners access to funds through their previously approved home equity lines of credit (HELOCs).
The Federal Reserve Bank of New York said Monday it "streamlined" the list of external investment managers in the agency mortgage-backed securities (MBS) purchase program from four to two.
The Fed shed investment managers Goldman Sachs Asset Management and Pacific Investment Management Co. (PIMCO) from the list.
JP Morgan Chase Bank ($52.99 0.7%) and HomeEq, the servicing arm of Barclays PLC ($19.69 -0.24%), joined the Home Affordable Modification Program (HAMP), according to a US Treasury report released last week.
HAMP allocates funds from Troubled Asset Relief Program (TARP) to servicers as interest rate subsidies or to distribute to participating lender/investors or borrowers.
JP Morgan Chase ($52.99 0.7%) bucked a national trend of shaving head counts as it continues to participate in the federal government’s Home Affordable Modification Program (HAMP).
Since it began offering mortgage modifications through HAMP in April, Chase modified 138,000 loans currently in the program’s trial period and as of June said an additional 155,000 applications are in the review process.
To handle an increase in demand for loan refinancing and modifications, Chase brought on 250 temporary workers to its mortgage servicing center in Monroe, La.
