HOPE for Homeowners: Is there an opportunity for you?

National Mortgage Professional

Jan 29, 2009

CommunitySouth Bank names Joe Albright senior VP and mortgage department managerMortgagePress.comCommunitySouth Bank, Joe Albright CommunitySouth Bank and Trust (CBSO) has announced that Joe Albright has joined the bank as senior vice president and mortgage department manager. Based in the bank's Easley headquarters, Albright is responsible for developing, managing and enhancing CommunitySouth's full-service mortgage department, including overseeing residential mortgage lending throughout the upstate. Albright brings more than 12 years of mortgage experience to his new position, most recently as sales account executive with Flagstar Bank. Previous to that he was sales manager for Greenpoint Mortgage. "Joe's commitment to superior customer service is second to none," said CommunitySouth President David Miller. "He's a great addition to our mortgage team, and we are happy to have him aboard." A resident of Powdersville, S.C., Albright is Upstate Director and Co-Education Chair for the South Carolina Mortgage Brokers Association. For more informaiton, visit www.communitysouthbankandtrust.com.

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Jan 29, 2009

Analysis and Data

Resilient Labor Market Adds 339K Jobs In May

Despite 15% increase in new jobs from April, unemployment rate rises to 3.7%.

The U.S. labor market continues to defy efforts to slow the economy, adding a surprising 339,000 jobs in May, nearly double the expectations of economists, the government said Friday. Despite the biggest increase in employment since January, the unemployment rate rose by 3 ...

Regulation and Compliance

6 Federal Agencies Seek Comment On Proposed Rule For AVMs

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

Six federal regulatory agencies on Thursday requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in automated real estate valuations.  The proposed rule would implement quality control standards for automated valua...