Category Archives: Servicing

UGC Promotes From Within for CEO Job

United Guaranty Corp., Greensboro, N.C., the nation’s third largest mortgage insurer, Tuesday named Kim Garland to be the firm’s new president and CEO.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_541/ugc-ceo-job-1028988-1.html

ALS Closes Origination Function as Sale Progresses

Aurora Loan Services, Denver, recently halted residential production as the company continues to weigh bids on its servicing platform, according to a former ALS official and industry consultants.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_540/als-closes-origination-function-1028940-1.html

Investors Raise $2B For GSE Rental Program

Investors seeking to buy and then rent foreclosed properties from Fannie Mae and Freddie Mac have raised at least $2 billion in the last six weeks, according to housing analysts at Morgan Stanley.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_540/investors-2b-gse-rental-program-1028945-1.html

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