In this role, Weber will lead the accounting, reporting and control functions, as well as human resources and regulatory compliance. Weber will also be a member of the executive committee, which is comprised of the company’s senior-most leadership team.
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As it turns out, there may not be a light at the end of the tunnel for Ocwen Financial, which saw its stock price take a beating last week in the wake of seeing its income from operations in the second quarter fall nearly $100 million from last year. Compass Point analysts weigh in.
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For the third time in the last few weeks, MERSCORP Holdings secured a victory in a Federal Court of Appeals, which upheld MERS’ mortgage assignment rights. This time, a Pennsylvania county recorder sued MERS, arguing that MERS owed the county million of dollars in unpaid recording fees stemming from the transfer of promissory notes as mortgage assignments.
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It was a profitable second quarter for the recently created Zillow Group, with the online real estate company reporting that its revenue increased 20% to $171.3 million. A couple of major acquisitions and some executive level changes give the online real estate company a lot to boast about.
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Auction.com just announced the largest transaction in its 8-year history and largest online real estate transaction ever: The $96.075 million sale of Manhattan Towers, a two-building, 309,734-square-foot office property in Manhattan Beach, Calif., a premier coastal community within Los Angeles.
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The Texas housing market is on fire, with home prices skyrocketing to an all-time high in the second quarter of 2015. Included are charts on the top four hottest housing markets in the state.
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The director of regulatory affairs for the National Association of Federal Credit Unions has sent a letter to the National Credit Union Administration urging the agency to undertake promised and much needed regulatory relief. The post-Dodd-Frank world ain’t easy. Read on.
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