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Did perceived liquidity problems at PHH Corp. lead to this week's ouster of company president and CEO Jerry Selitto? I'm told that PHH doesn't have any liquidity problems and the company said as much in a recent SEC filing.
January 5
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Quick regulation is rarely great regulation. This will ultimately prove true for Single Point of Contact (SPOC) as well. The idea of a single individual as liaison for a borrower looking to avoid default is a brilliant core concept if the only problem is to simplify the process of navigating the waterfall of options currently available.
January 4
Woodward Asset Capital -
President Obama's recess appointment of Richard Cordray on Wednesday will clear the way for the Consumer Financial Protection Bureau to use its full enforcement and regulatory powers to police all mortgage lenders and servicers.
January 4 -
NewDay Financial LLC, Fulton, Md., has changed its identity to NewDay USA LLC. The USA part of the name looks to call attention to the company from its primary target markets as a Veterans Administration lender and Federal Housing Administration forward and reverse mortgage originator, company management said.
January 4 -
If you had only $100 to spend on a killer marketing strategy, how would you spend it?I posted that very question on my social media page at www.facebook.com/karendeis and I wanted to share with you some of the ideas, including many that dont cost you anything but your time.
January 4 -
A global settlement has been reached between Knauf Plasterboard Tianjin and thousands of homeowners who filed a lawsuit who claimed that the company's tainted Chinese drywall product was used to construct their properties and severely damaged their homes.
January 4
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As the economy makes gradual steps in its recovery effort and the unemployment rate is slowly improving from all-time record highs, individuals nationwide still believe in the "American dream" of owning a home.
January 4 -
Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the company's chief operating officer Glen Messina.
January 4 -
The Missner Group was appointed as a court-receivership of 14 distressed properties throughout the Chicago area through the end of the fourth quarter last year.
January 4 -
Hilco Real Estate will be taking in sealed bids until Jan. 20 for an Illinois day school that is up for auction.
January 4
