SBA Services
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• Vendor Resource Management Announces Promotions, Appointments
Vendor Resource Management, a nationwide REO asset disposition firm headquartered in Irving, Texas, recently announced several staff promotions and appointments. The company has added two executives in its business development division, a new director of marketing, a client services director, and appointed sales VPs for both its East and West Coast operations.
DSNews.com,Admin, 03/18/2010
• Outstanding Commercial/Multifamily Mortgage Debt Declines in Q4 `09
Driven by drops in commercial mortgage-backed securities (CMBS) and construction loans held by banks and thrifts, the level of commercial/multifamily mortgage debt outstanding in the fourth quarter of 2009 decreased on both a quarter-to-quarter and year-over-year basis, according to the Mortgage Bankers Association's (MBA) analysis of the Federal Reserve Board Flow of Funds data.
DSNews.com,Admin, 03/18/2010
• Mortgage Industry Taps UTLS for Technology and Management Solutions
Orange County, California-based UnitedTech Lender Services, Inc. (UTLS), the holding company to the UTLS family of companies, recently announced that its Technology Services division's BackInTheBlack Home Affordable Modification Program (HAMP) workout solution is now being utilized by Mount Laurel, New Jersey-based PHH Mortgage.
DSNews.com,Admin, 03/18/2010
• CBO Expects Treasury to Use Just $20B of TARP to Mitigate Foreclosures
The Treasury has committed $50 billion of Troubled Asset Relief Program (TARP) funds to the Home Affordable Modification Program (HAMP) to pay servicers for helping homeowners avoid foreclosure.
New estimates released by the Congressional Budget Office (CBO) show that the administration is expected to use no more than $20 billion for servicer incentives when all is said and done - indicating that HAMP will help far fewer distressed homeowners than originally promised.
DSNews.com,Admin, 03/18/2010
• Trustee Sale Management System Launched by eBrokerHouse
The Las Vegas-based real estate technology company eBrokerHouse recently announced the launch of Rapid Trustee Sale (RTS), a Web-based trustee sale management system for real estate investors and/or brokers with clients who are bidding at foreclosure auctions.
DSNews.com,Admin, 03/18/2010
• Rubin Lublin Suarez Serrano Opens New Office, Hires Two New Attorneys
Rubin Lublin Suarez Serrano, LLC, a real estate default law firm based in Atlanta, recently announced that it has hired two new attorneys and opened a new office in Memphis, Tennessee. Natalie Brown joins the firm as an associate attorney in the Memphis office, and Amanda Perez joins the Atlanta office as an associate attorney working within the title department.
DSNews.com,Admin, 03/18/2010
