Douglas S. Ashe has been named chief executive officer of AssetLink LP, a real-estate-owned/asset management company, and executive vice president of business development and strategic planning for ServiceLink, AssetLink's parent company.ServiceLink is a centralized loan closing management company headquartered in Aliquippa, Pa. AssetLink said Mr. Ashe is a nationally recognized authority in the REO industry who has been president of Clayton National Inc., a third-party special servicer, and of Prudential Asset Recovery, a third-party residential REO management company. He will report to ServiceLink CEO Jeff Coury, and Ken Westfall will remain president of AssetLink. "ServiceLink redefined the settlement services industry in a very short period of time, and AssetLink has set out to do the same in the REO business," Mr. Ashe said. AssetLink can be found online at http://www.assetlinklp.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
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Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
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Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
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