Tag Archives: Attorneys & Title Companies

Equator, a Los Angeles-based default servicing technology provider, hired Sevak Markarian as the company's new VP of quality assurance (QA). Markarian has more than a decade of experience in the field of information technology and has held management-level positions in QA and process improvement for more than 10 years.

As of September 30, the five servicers named in the national mortgage settlement reported they have provided $26.11 billion in actual consumer relief.

Marking the 50th bank closing nationwide this year, the two branches of Hometown Community Bank in Braselton, Georgia shut their doors Friday and reopened Saturday as branches of CertusBank, National Association of Easley, South Carolina.

According to Redfin's Real-Time Home Price Tracker for October 2012, home sales increased 9.8 percent across 19 major U.S. markets from September to October, an unusual gain in a month that commonly sees monthly declines of at least 5 percent. Prices also increased in October, though on a more modest scale. The tracker reported price increases of 8.4 percent year-over-year and 0.4 percent month-to-month. Seventeen of the 19 cities covered in the report saw higher prices than in 2011.

Builder confidence continued its march to "break-even," with the Housing Market Index (HMI) climbing five points in November to 46.

After a tumultuous divorce, Grammy-winning singer Usher is selling his Georgia mansion, recently listing the property for $3.2 million. According to Zillow, the 12,544-square-foot home still serves as the main residence for the star's now ex-wife, and the website noted that, as per their settlement agreement, Usher is allowed to place the abode on the market with only 60-days notice.

As issues related to compliance regulations continue to escalate, Connecticut-based Norcom Mortgage is preparing to meet the challenges ahead by hiring accordingly. The company recently announced the addition of Jeremy Potter, who will join Norcom as chief compliance attorney.

New York Attorney General Eric T. Schneiderman accused Wells Fargo of using Hurricane Sandy to evade obligations under the national mortgage settlement.

The Consumer Financial Protection Bureau (CFPB) is granting more time to implement new mortgage disclosures required under the Dodd-Frank Act.

NewDay USA, LLC, announced it is packing up and moving its Maryland office into a new 60,000 square foot facility to better support the launch of NewDay USA University, an educational and training center created for new and established mortgage banking professionals.