Articles by Caroline Basile

Sam Khater named vice president and chief economist at Freddie Mac

Khater to lead Freddie Mac’s team of researchers
Freddie Mac announced on Monday that housing and economics expert Sam Khater is joining the company as vice president and chief economist, where he will lead the GSE's researchers in providing insights and analysis on economic trends and policy issues affecting Freddie Mac and the housing market.  
Read More

Veri-Tax announces Fannie Mae D1C integration

Verification of Employment/Income integrated into Fannie Mae’s Day 1 Certainty
National verification specialist Veri-Tax announced this week the addition of Veri-Tax Verification of Employment/Income as an eligible report for Fannie Mae’s Desktop Underwriter validation service. Lenders enrolled in Fannie Mae’s DU service now with access to Veri-Tax’s Verification of Employment/Income with Day 1 Certainty, the company said.
Read More

Report: Fed regulators to fine Wells Fargo $1 billion

Penalty for megabank’s misbehavior in auto and mortgage markets
A new report from the Washington Post says that both the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency are preparing to fine Wells Fargo about $1 billion for misbehavior in the automotive and mortgage markets. Citing two people familiar with the negotiations, the Washington Post reported that the settlement could be announced as soon as Friday.
Read More

Ditech Holding Corp. names Thomas Marano CEO and president

Also appoints Ritesh Chaturbedi to serve as chief operating officer
The nonbank formerly known as Walter Investment Corp. named a new CEO on Wednesday. Ditech Holding Corp. announced Thomas Marano, currently chairman of the board, has been appointed to also serve as CEO and president. The company also announced it has hired Ritesh Chaturbedi to serve as chief operating officer.
Read More

Altisource names Patrick McClain senior vice president, Hubzu Auction Services

Previously worked at Auction.com
Altisource announced this week it has named Patrick McClain as senior vice president of Hubzu Auction Services. In his new role, McClain will be responsible for driving the growth of Hubzu’s residential online marketing and auction business and oversee product innovation for the company's online auction, live auction, short sale, claims without conveyance of title and national brokerage services businesses.
Read More

Optimal Blue launches social media compliance monitoring

Solution works in real time
"In today’s social media landscape, it is imperative to take a proactive approach," explained Scott Happ, CEO of Optimal Blue. “By introducing a comprehensive monitoring module, clients can easily detect and resolve issues before they become costly. This also creates a phenomenal opportunity to train staff and loan officers regarding the compliance responsibilities related to social and digital media.”
Read More

Karen Cullen joins CrossCheck Compliance as director of compliance and fair & responsible lending

Brings more than 25 years of experience in financial services to role
CrossCheck Compliance announced Tuesday that Karen Cullen has joined the firm as a director in the firm’s compliance and fair & responsible lending practices. "Joining the CrossCheck team provides me the opportunity to work with some of the best compliance professionals in the industry. I look forward to collaborating with them to meet the needs of our clients," Cullen said.
Read More

HousingWire's Weekly Newscast #3

We talk Zillow, Bank of America, and tech
Episode #3 of HousingWire's weekly newscast features Editor-in-Chief Jacob Gaffney chats with HW reporter Kelsey Ramirez about Bank of America's earnings, Zillow's move into home buying and home selling. Plus, Managing Editor Sarah Wheeler reports live from MBA Tech.
Read More

Veros, IDS announce integrated solution for GSE UCD data submissions

Two companies partner for a fully integrated, automated delivery solution
Enterprise risk management, collateral valuation, and predictive analytics services company Veros Real Estate Solutions and mortgage document preparation vendor International Document Services announced Monday that they have partnered to provide lenders with a fully integrated automated delivery solution for submitting the Uniform Closing Dataset, or UCD, to Freddie Mac and Fannie Mae.
Read More