Articles by Caroline Basile

HUD inspector general investigating Carson family role at agency

"We have an open matter" said HUD IG spokesman
A report from CNN says the Department of Housing and Urban Development’s inspector general is looking into the role that Secretary Ben Carson’s family has played at the agency following HUD officials expressing ethics concerns about the involvement that his family members played in official HUD business.
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LendingQB adds FormFree AccountChek Asset Verification to loan origination software

Lenders can access reports from LOS dashboard
This week, fintech company FormFree announced its automated asset verification service, AccountChek, is now available within LendingQB's web-based loan origination software. The integration enables lenders to order AccountChek Asset reports from LendingQB’s verifications dashboard, the company said.
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Flagstar Bank to acquire Santander Bank's mortgage warehouse loan portfolio

The acquisition is expected to close in the first quarter of 2018
Flagstar Bank announced Tuesday it has signed a definitive agreement to purchase a mortgage warehouse loan portfolio from Santander Bank. As part of the transaction, Flagstar will bring on Santander's existing relationship managers, adding the employees to its warehouse business, the company explained in a release.
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Fed’s Powell reportedly names two senior advisers

Names monetary policy specialists Jon Faust and Antulio Bomfim to senior adviser roles
Recently confirmed Federal Reserve Chairman Jerome Powell has reportedly made his first staff moves, naming monetary policy specialists Jon Faust and Antulio Bomfim to senior adviser roles. Both Faust and Bomfim have previously held roles at the central bank.
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Morningstar Credit Ratings names Brian Grow president

Previously served as the managing director of residential mortgage-backed securities and asset-backed securities
Morningstar Inc., the parent company of Morningstar Credit Ratings, announced this week that Brian Grow has been named president of the credit rating agency. He will now oversee the day-to-day operations of Morningstar’s credit ratings business.
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Sitting Cook County judge convicted in mortgage fraud scheme

Timetable on removal from office unclear
A sitting Cook County, Ill. judge is facing removal following a conviction in a $1.4 million fraud scheme. Judge Jessica Arong O'Brien, who was elected to the bench in 2012, was convicted Thursday on two counts of fraud for scamming several different lenders through the purchase of two properties on the city’s South Side prior to becoming a judge.
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ATTOM Data Solutions acquires Onboard Informatics

Onboard’s neighborhood data will be integrated into the ATTOM Data Warehouse
Data provider ATTOM Data Solutions has acquired Onboard Informatics, a neighborhood data and data-enabled turnkey product provider. Onboard’s neighborhood-focused data will be integrated into ATTOM’s Data Warehouse and the new, combined data will be available through ATTOM’s delivery solutions, including its bulk file licenses, APIs and customized reports.
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Blackstone shuffles leadership, names Jon Gray president and COO

President Tony James moves to executive vice chairman role
Blackstone announced Tuesday that President and Chief Operating Officer Tony James will be handing over daily management of the firm to Jon Gray, global head of real estate. Taking over Gray's old job is Ken Caplan and Kathleen McCarthy, who will serve as global co-heads of the firm's real estate business.
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