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Feb 03, 2008

Vertical Lend Inc. announces name changeMortgagePress.comWorld Alliance Financial Corporation, KBC Financial Products Vertical Lend Inc. announced that it has changed its company name to World Alliance Financial Corporation. The purpose of the name change is to better align the company's identity with its expanded product and service offerings, correlating with its recent acquisition by KBC Financial Products. World Alliance Financial Corporation is a provider of reverse mortgages based in Melville, N.Y. For more information, call (800) 562-6755 or visit www.worldalliancefinancial.com. KBC Financial Products is a wholly-owned subsidiary of KBC Bank NV. For more information, call (212) 845-2000 or visit www.kbcfp.com.

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National Mortgage Professional

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Feb 03, 2008

People On The Move

Freddie Mac Names Diana Reid Its New CEO

GSE appoints 40-year housing finance veteran to lead the agency

Industry veteran Diana Reid has been appointed CEO by the government-sponsored enterprise’s (GSE) Board of Directors, to replace interim CEO Michael Hutchins, who will remain President of Freddie Mac. Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson said ...

Operations

Better.com CEO Weighs In On Refi Wave, Expects Recession

“I don’t think that we’re going to have the soft landing that people are predicting,” says Vishal Garg.

As stakeholders across the mortgage industry prepare for a highly anticipated interest rate cut after the Federal Open Market Committee (FOMC) meets on Sept. 17-18, the refinance opportunity — it seems — is all anyone can talk about. With purchase borrowers proving diffic...