Items Tagged with 'President and Chief Operating Officer'

ARTICLES

  • Real Estate Auctions Hit the Airways

    Auctioneer Williams and Williams is making television interactive. The Tulsa, Okla.-based real estate auction house will auction 70 homes during a live television program on the ION Television network. The “absolute” auction means there are no price reserves on the homes and the highest bidder will be awarded the property.
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  • Stevens Sworn in as FHA Commissioner

    David Stevens was sworn in as assistant secretary for housing and Federal Housing Administration (FHA) commissioner at the US Department of Housing and Urban Development (HUD) Wednesday. Stevens, who was confirmed by the Senate on July 10, previously served as president and chief operating officer of the Chantilly, Va.-based real estate and mortgage group of businesses, Long & Foster Companies.
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  • Obama Nominates Three to Treasury

    President Barack Obama late Monday announced three nominations for key roles to serve under Treasury Department secretary Tim Geithner. The nominations, according to a White House press release, fill three of the four "most senior" positions under the secretary.
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  • Beyond the Timeline: Fannie Now Incenting Foreclosure Attorneys to Pursue Workouts

    Regular HW readers know I come from the default management trenches -- knowledge that I suppose right now is more in demand than ever. (Yet, here I am blogging something completely free for you to read; but that's a story for another day). With that in mind, I read a story by Kate Berry at American Banker today with intense interest -- Fannie Mae is now apparently incenting its foreclosure attorneys to pursue workouts versus merely hitting a timeline:
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  • Countrywide Commits to $16 Billion Home Preservation Program

    Countrywide Financial Corporation, responding to widespread criticism that the mortgage industry hasn't done enough to help troubled borrowers, today announced a $16 billion home preservation program targeting troubled borrowers facing an ARM reset by the end of 2008. The program will entail $10 billion in borrower refis and $4 to $6 billion in loan modifications, Countrywide said. From the press statement:
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  • Countrywide Sees Funding Activity Drop 44 Percent; Delinquencies Continue to Head Upward

    Countrywide's operational results for September 2007 are out today, and show that the nation's largest lender continues to ratchet operations downward. Mortgage loan fundings for the month of September 2007 totaled $21 billion, a 44 percent decline from September 2006, while foreclosures and delinquencies continued to rise. From the press release:
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  • Former Duke Energy VP Tapped as COO at FNC

    FNC, Inc., a provider of collateral management technology to mortgage lenders, said it has selected former Duke Energy Vice President Jeff Triplette as the company's new president and chief operating officer. Triplette previously directed risk management activities for Duke Energy, a Fortune 500 diversified energy company headquartered in Charlotte, N.C.
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