Archive for May, 2010

FTRANS Closes $4M in Additional Funding

Posted on 27. May, 2010 by .

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FTRANS, a leading provider of accounts receivable and credit management solutions, today announced it has secured an additional round of venture funding, totaling $4 million. This new capital was provided by current investors Greenhill SAVP, New Atlantic Ventures and Total Technology Ventures. The funding will support company operations and sales and marketing expansion and growth.

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Encore Capital Group Announces First Quarter 2010 Results

Posted on 27. May, 2010 by .

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Encore Capital Group, Inc. ECPG, a leading distressed consumer debt management company, today reported consolidated financial results for the first quarter ended March 31, 2010.

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Stellar Recovery Hires Garrett Schanck

Posted on 27. May, 2010 by .

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Stellar Recovery, Inc. announced today the addition of Garrett Schanck to the Stellar Recovery and S&P Asset, LLC staff. Garrett will be working from the corporate headquarters in Kalispell, Montana.

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59 Percent of Homeowners With a Mortgage Would Not Consider Walking Away From Their Home

Posted on 27. May, 2010 by .

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SAN FRANCISCO – Trulia.com, smart real estate search to help you make better decisions, and RealtyTrac, the leading online marketplace for foreclosure properties, today released the latest results of an ongoing survey tracking home buyers’ attitudes towards foreclosures. The new online survey conducted on their behalf from May 10-12, 2010 by Harris Interactive® showed a notable decrease in consumers’ willingness to buy foreclosed properties compared to one year ago. Currently, 45 percent of U.S. adults age 18 and above are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 55 percent of U.S. adults age 18 and above surveyed online by Harris Interactive® between May 1-5, 2009.

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Wells Fargo/Gallup Survey: Small Business Owners Remain Wary About Hiring in 2010

Posted on 27. May, 2010 by .

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According to the latest Wells Fargo/Gallup Small Business Index, conducted April 12-16, small businesses remain hesitant to add more employees despite recent government incentives to promote hiring. When asked whether tax credits for hiring unemployed workers would encourage them to hire new employees in 2010, over half (52 percent) of respondents said “very unlikely.”

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TransUnion: National Auto Loan Delinquency Rates Fall More Than 18 Percent in the First Quarter of 2010

Posted on 27. May, 2010 by .

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The national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) fell 18.52 percent between the fourth quarter of 2009 and first quarter of 2010 to 0.66 percent, according to a TransUnion quarterly analysis of trends in the auto industry. The year-over-year delinquency rate at the national level fell by 20.48 percent in the first quarter.

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One Year Later: State of Ohio and Huntington Bank Partnership Generates $465 Million in Loans to More Than 2,000 Ohio Businesses

Posted on 26. May, 2010 by .

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In its first year, more than 2,000 Ohio businesses have received $465 million in new loans through a public-private lending partnership between the State of Ohio and Huntington Bank.

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Green River Capital Launches Short Sale Provider; Gets Licensed as Debt Collector

Posted on 26. May, 2010 by .

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NEW YORK — Green River Capital, an REO asset management and loss mitigation provider for mortgage servicers, investment firms and banking institutions, announced at the Mortgage Banking Association’s National Secondary Market Conference and Expo that it has launched a company that will focus exclusively on short sale program management, Green River Financial (GRF). In response to the unprecedented interest in this loss mitigation method, the West Valley, Utah-based company is offering a pre-foreclosure short sale and deed-in-lieu program.

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Doffie Howard Promoted to VP at Stellar Recovery

Posted on 26. May, 2010 by .

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Stellar Recovery, Inc. today announced the promotion of Doffie Howard to Vice President.

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Equifax Teams with First American CoreLogic to Deliver Innovative Solution to Mortgage-Backed Securities Market

Posted on 26. May, 2010 by .

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Equifax Inc. EFX introduced today a new, innovative data solution that statistically matches more than 90 percent of an investor’s mortgage loan data to anonymous borrower credit information.

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