National foreclosures decrease 16 percent in Q2

National Mortgage Professional

Nov 19, 2006

National industry appointments update - 11/30/2006MortgagePress.comMortgage industry positions - ComplianceEase has promoted David Girling to president and CEO. - Lendia Inc. has hired Alex Wu as a Java developer. - New Century Financial Corporation's retail lending subsidiary Home123 Corporation has hired Ralph P. Melbourne as senior vice president, Retail Consumer Direct Division.

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Nov 19, 2006

People On The Move

Keeping Current Matters Names Ratiu Chief Economist

Held similar positions with Realtor.com and NAR.

Keeping Current Matters (KCM), a Richmond, Va.-based market insight education and content provider for the real estate industry, said Thursday it has named George Ratiu the company’s chief economist. George RatiuRatiu brings decades of experience...

Analysis and Data

Fannie Mae: Banking System Instability Could Cause Recession

ESR Group says housing activity expected to remain subdued.

The U.S. economy will not see a repeat of the 2008 financial crisis this year, but a “modest recession” is still on the horizon, according to the latest projections by Fannie Mae’s Economic and Strategic Research (ESR) Group. The ESR Group on Friday revised upward its first...