DataQuick has announced that Frank V. McMahon has been named executive chairman of the company. McMahon will play an active part in the management of many of DataQuick’s most significant client relationships and the development and execution of strategic priorities. He will participate in many of DataQuick’s growth initiatives, including the company’s plans to expand Rels Title.Click to continue

loanDepot.com LLC has announced that mortgage industry veteran Scott Anderson has joined the firm as executive vice president, head of corporate strategy. Anderson will oversee loanDepot’s strategic expansion and ongoing commitment to loan quality, superior customer care, uncompromised ethical standards and customer education.Click to continue

Shore Financial Services Inc. has announced the appointment of Michael Jones as its chief financial officer. Jones, who has 25 years of experience in the mortgage and financial services industry, is joining Shore Financial's growing management team at a time when the company is focusing on new opportunities in the financial services marketplace.Click to continue

Integrated Asset Services LLC (IAS), a leader in default management and residential home collateral services, has announced that Paul E. Sveen has been appointed chief executive officer of IAS. A 25-year veteran of the industry, Sveen was recognized for his solutions-based approach to client relationship development.Click to continue

The Financial Crisis Inquiry Commission (FCIC) has delivered the results of its investigation into the causes of the financial and economic crisis. In producing this report, the "Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States," held 19 days of public hearings in New York, Washington, D.C., and communities across the country that were hardest hit by the economic crisis; interviewed more than 700 witnesses and reviewed millions of pages of documents.Click to continue

The Kislak Organization has announced the appointment of Thomas L. Wind as managing director of of J.I. Kislak Mortgage LLC (Kislak Mortgage), the organization’s residential mortgage lending division. Wind will be based in Denver, Colo. With more than 20 years of residential mortgage banking experience, Wind comes to Kislak with one of the most successful mortgage banking careers in the industry, formerly serving as chief executive officer of JPMorgan Chase’s residential mortgage lending businesses.Click to continue

Hagens Berman Sobol Shapiro LLP has announced that it has filed a class-action lawsuit against Charles Schwab & Company on behalf of investors who owned shares in the Schwab Total Bond Market Fund as of Nov. 30, 2006. The suit, filed in the U.S. District Court for the Northern District of California, accuses San Francisco-based Charles Schwab of causing the fund to deviate from its fundamental business objective to track the Lehman Brothers U.S. Aggregate Bond Index.Click to continue

A $40 million lawsuit has been filed by Florida's Sarasota County against Wells Fargo Bank NA, alleging improper investment advice with regard to the county’s securities lending portfolio prior to the market crash in 2008. Sarasota attorney Drew Clayton has been retained to prosecute the case on behalf of the county’s clerk of court and county comptroller, Karen Rushing. In her capacity as clerk of court and county comptroller, Rushing serves as the county’s top financial officer.Click to continue

Lehman Brothers lives in U.S. reverse mortgage history. The Federal Housing Administration’s (FHA) home equity conversion mortgage (HECM) has had Fannie Mae’s deep pockets as a secondary market source of cash for reverse mortgage lenders since its inception in 1989. And since 2007, Ginnie Mae has opened HECM to world investors through its HECM mortgage-backed security (HMBS).Click to continue

The United States Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The Senate voted 70-30 to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts. His supporters credited him for engineering a financial industry rescue in time to prevent a catastrophic collapse.Click to continue