In Texas, Wingspan Portfolio Advisors hired Aaron Luburich to take the newly created position of SVP for business development.
Read More »U.S. Bancorp Names New Chief Risk Officer
U.S. Bancorp announced the promotion of P.W. Bill Parker to the position of vice chairman and chief risk officer.
Read More »FDIC Adds to List of Bank Collapses as Texas Bank Goes Down
With only weeks left before the end of 2013, FDIC has added another tally to its list of the year's bank failures. The Office of the Comptroller of the Currency (OCC) announced Friday the closure of Texas Community Bank, National Association, in the Woodlands, Texas.
Read More »Mueller Reports Prepares to Enter Valuation Space with New VP
Mueller Reports, a provider of property data collection services operating out of New York state, announced its intentions to expand into the valuation space in 2014.
Read More »T.W. Lewis Founder Inducted into Housing Quality Hall of Fame
Tom Lewis, founder and CEO of Arizona-based homebuilder T.W. Lewis Company, is the first-ever inductee in Professional Builder magazine's National Housing Quality (NHQ) Award Hall of Fame, the company announced.
Read More »Pacific Premier Bancorp CEO Elected to FHLB San Francisco’s Board
The Federal Home Loan Bank (FHLB) of San Francisco has elected Pacific Premier Bancorp CEO Steven R. Gardner to its board of directors.
Read More »SIGTARP Cracks Down on Another Mortgage Fraud Case
The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has had laser sharp focus on ensuring foreclosure fraud offenders suffer the consequences of their offenses. A northern California man is now behind bars after a SIGTARP investigation found he used the U.S. bankruptcy courts to con desperate homeowners into paying him monthly fees to postpone foreclosure proceedings. He was sentenced to 10 months in federal prison and three years of supervised release on fraud charges.
Read More »Exploring a New Method of Financing for Homeownership
Crowdsourcing caught fire as a vehicle for financing documentaries and small businesses. Now, the concept of pooled resources is being used as an investment vehicle offering equities in homeownership to investors and loan assistance to selected prospective homeowners. One of the first companies to offer such a program is PRIMARQ, a capital market company headed up by founder and CEO Steve Cinelli, who says equity deficiencies have become a major barrier for prospective homeowners.
Read More »GSE Reaches Settlement with PNC
PNC and Freddie Mac announced an agreement to resolve substantially all indemnification and repurchase obligations related to loans sold to Freddie Mac between 2000 and 2008.
Read More »Increasing Housing Permits Indicate Stability
Growing amounts of housing permits, improving home prices, and positive job numbers are leading to a stabilized housing market according to analysts. Recent studies revealed that markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI). However, policymakers still need to watch their footing.
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