Tag Archives: Processing

StreetLinks Lender Solutions LLC has both a new division and a new product to show off.

Global DMS, a provider of Web-based compliant valuation management software, selected Patricia Rauch for a newly created role. Rauch wears the title of COO and will be responsible for overseeing the daily operations and management of the company, including system development, client services, finance, sales and marketing.

A preliminary report from Thomson Reuters and the University of Michigan shows consumer confidence took a major hit to start December. The Thomson Reuters/University of Michigan Index of Consumer Sentiment fell to 74.5, a substantial drop from November's promising 82.7. The median forecast from economists polled by Reuters was 82.4. Richard Curtin, chief economist for the survey, said the decline stems from worries over Washington's apparent lack of progress in fiscal cliff negotiations.

Strong positive indicators in the housing market have Capital Economics revising its predictions on growth in 2013 and beyond.

The number of new improving markets observed by the National Association of Home Builders (NAHB) skyrocketed in December.

GMH Mortgage Services LLC, headquartered in Newton Square, Pennsylvania, announced Joel Rose has come on board at VP of retail sales for the company's eastern division.

North Carolina-based FMI has released the results of its 2013 U.S. Markets Construction Overview, and the company is heralding more than $1 trillion in construction-put-in-place (CPIP) by 2014. Noting near-term projections, FMI stated that CPIP is anticipated to hit $826 to $884 billion to end 2012, with the growth rate remaining slightly ahead of gross domestic product (GDP) growth rates in 2013.

Out in Atlanta, Equifax Inc. announced that its subsidiary, Equifax Information Services LLC, has entered into an agreement to purchase certain credit services business assets and operations of CSC Credit Services, Inc., a subsidiary of Computer Sciences Corporation.

In the wake of the Thanksgiving scandal that made her mansion in the Hollywood Hills somewhat infamous, Oscar-winner Halle Berry has put the palatial pad on the market for $15 million.

In a testimony before the Senate Banking Committee on Thursday, HUD Secretary Shaun Donovan defended the Federal Housing Administration's (FHA) recent role in the housing market and the steps the agency has taken to avoid a possible bailout. In an annual report issued to Congress in mid-November, HUD revealed the capital reserve ratio of FHA's Mutual Mortgage Insurance (MMI) Fund had fallen to -1.44 percent (representing -$16.3 billion) based on data from an independent actuary.