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VRM Latest News
PCV/VRM, BABA Announce Home Giveaways at the 2011 Bell Helicopter Armed Forces Bowl
CARROLLTON, Texas, Dec 27, 2011 (GlobeNewswire via COMTEX) -- PCV¦VRM Seeds of Hope, the non-profit arm of Carrollton,TX based Vendor Resource Management, is partnering with Operation FINALLY HOME ( www.babasupport.org ) on a home giveaway project in South Dallas. The project will involve the construction of multiple homes that will be presented to wounded military veterans. The project will be announced on December 30th during halftime of the Bell Helicopter Armed Forces Bowl that will be played at SMU's Gerald Ford stadium.
http://www.marketwatch.com/story/pcvvrm-baba-announce-home-giveaways-at-the-2011-bell-helicopter-armed-forces-bowl-2011-12-27
Vendor Resource Management Offering REO Training at the 2011 Realtors Conference and Expo
CARROLLTON, Texas, Oct. 19, 2011 (GLOBE NEWSWIRE) -- Attendees of the 2011 Realtors Conference and Expo can take advantage of innovative REO training offered by Vendor Resource Management through its VRM University on November 14-15 at the Hyatt Regency Orange County. The Realtors Conference and Expo attracts real estate professionals from across the U.S. and around the world. This year's event is expected to draw 18,000 members and guests.
http://finance.yahoo.com/news/Vendor-Resource-Management-pz-1245427578.html
Vendor Resource Management Offering REO Training at the 2011 Five Star Default Servicing Conference and Expo
CARROLLTON, Texas, Sept. 7, 2011 (GLOBE NEWSWIRE) -- Attendees of the 2011 Five Star Default Servicing Conference and Expo can take advantage of innovative REO training offered by Vendor Resource Management through its VRM University on September 14-15 at the Hilton Anatole in Dallas, TX.
http://www.globenewswire.com/newsroom/news.html?d=231747
VRM Seeds of Hope Teaming With Rebuilding Together and St. Phillip's School and Community Center for "Day of Caring"
On Saturday, July 30, 2011 VRM Seeds of Hope, the charitable arm of Carrollton, TX based Vendor Resource Management (VRM), is sponsoring a "Day of Caring" in the Forest Heights Neighborhood of South Dallas. Joining VRM Seeds of Hope in this community outreach effort will be Rebuilding Together and the St. Philip's School and Community Center.
http://www.globenewswire.com/newsroom/news.html?d=227026
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Industry Press Releases
Bank of America's Barbara Desoer to Retire
Bank of America informed its staff Friday that Barbara Desoer will retire from the company in February.
In her current role as president of Bank of America Home Loans, Desoer helped manage the integration of the Home Loans business into Consumer Banking and oversees the servicing of the companyâs more than 12 million mortgage customers who remain current on their accounts, as well as the mortgage origination side of the business.
http://www.dsnews.com/articles/bank-of-americas-barbara-desoer-to-retire-2012-02-03
Florida Bill Limits Banks' HOA Obligations
Among the provisions stipulated in Florida's newly revised House Bill 319 are enhanced specifications regarding banks' obligations to homeowner associations (HOAs). When a bank forecloses on a home, it potentially absorbs liabilities from unpaid homeowner or condo association fees, which are often compounded by late fees and attorney fees. Reps. George R. Moraitis and Fed Costello co-sponsored House Bill 319, providing banks clarification on just how much liability they incur.
http://www.dsnews.com/articles/florida-bill-limits-banks-hoa-obligations-2012-02-03
New York AG Sues Three Largest Lenders Over MERS
New York Attorney General Eric Schneiderman has filed a lawsuit against the nation's top three mortgage lenders charging that their use of the electronic registry system MERS has resulted in deceptive and fraudulent foreclosure filings throughout New York's state and federal courts. The lawsuit alleges that employees of Bank of America, JP Morgan Chase, and Wells Fargo, acting as "MERS certifying officers," submitted court documents containing false information. MERS is also named as a defendant.
http://www.dsnews.com/articles/new-york-ag-sues-three-largest-lenders-over-mers-2012-02-03
Outstanding Mortgage Balances Declined $30B Each Month in 2011
Each month of 2011, outstanding mortgage balances in the U.S. declined by an average of $30 billion, according to a recently released report from Moody's Analytics and Equifax. The report attributes the decline to defaulted loans being written off. Aggregate delinquency rose by 6 basis points in December to 6.12 percent, according to the companies' joint study. The rate remains in line with rates seen since April but has declined since a January high of 8.25 percent.
http://www.dsnews.com/articles/outstanding-mortgage-balances-declined-30b-each-month-in-2011-2012-02-03
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