Servicing

Rick Sharga has departed Carrington Mortgage Holdings to serve as EVP for Auction.com, the online real estate marketplace announced in a release. From his office in Auction.com's Irvine, California headquarters, Sharga will serve as the company's chief spokesman on topics related to the U.S. housing market, mortgage market, commercial real estate, and international real estate.

Robert C. Moss has joined CohnReznick LLP, the 11th largest audit, tax, and advisory firm in the United States, as principal and national director of governmental affairs.

First time claims for unemployment insurance jumped a surprising 16,000 to 360,000, for week ended July 6, the highest level since mid-May, the Labor Department Thursday. Economists expected the number of claims to drop to 337,000 from the 343,000 originally reported for the week ended June 29.

FrontDoor Communities announced it has closed on 158 acres in Atlanta in what is the city's largest residential land acquisition in the last seven years.

In Florida, Lender Processing Services, Inc. (LPS), announced that Vicki Vidal has joined the company as SVP of product management for its Servicing Solutions and Technology division.

Federal regulators announced a proposal Tuesday to double the standard Basel III leverage ratio for the "largest, most systemically significant" banks. The proposal would also require covered bank holding companies to maintain a tier 1 capital leverage buffer of at least 2 percent above the minimum supplementary leverage ratio requirement of 3 percent, for a total of 5 percent, the regulators stated. Currently, the proposed rule would apply to eight banks.

Total Mortgage Services, LLC, a leading mortgage lender, took the next step in its expansion with the purchase of a new headquarters building in Milford, Connecticut.

Americans polled by Consumer Reports indicated they are facing significantly more financial troubles than in June, according to the group's latest index. According to Consumer Reports, the Trouble Tracker Index climbed more than five points to 39.2 in July, "an increase that was entirely fueled by an epic 23.3-point jump among those households earning $100,000 or more," the organization said. The spike in difficulties reported both upper-income households was reflected in the report's consumer sentiment measures.

In Florida, Mortgage Contracting Services (MCS) announced the promotion of Elspeth Spransy to VP of vendor management.

The number of job openings edged up in May, increasing for the for the first time since February as hirings continued to improve, on a pace to exceed 2012, the Bureau of Labor Statistics reported Tuesday in its monthly Job Openings and Labor Turnover Survey.