Items Tagged with 'CEO and founder'


  • Google Plan to Link Borrowers and Lenders Leads to Lawsuit

    A lawsuit filed by online mortgage loan aggregate LendingTree alleges that technology provider Mortech infringed on the operating business agreement between the two firms when the latter decided to partner with websearch behemoth Google. According to the lawsuit, Mortech, whose technology helps automate lender offers to potential borrowers, violated its contractual covenants by partnering with Google to launch an online mortgage loan aggregate service similar to that offered by LendingTree.
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  • In This Corner: Fay Financial's CEO Edward Fay

    [Update: 46% of pre-HAMP modifications done in the third quarter of 2008 were 60 or more days delinquent] For several years Edward Fay, CEO and Founder of Fay Financial, recognized the deviation of affordability metrics in the US housing market relative to historical averages. Fay Financial was created in 2008 specifically to address the growing dislocation in the housing market. For this episode of In This Corner, Ed discusses the Home Affordable Modification Program (HAMP) and how his firm tackles the obstacles in today's servicing industry.
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