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Charleston SC Mortgage News

Charleston SC mortgage news is updated daily.

Mortgage Lending Goes on the Road
Georgia Assistant Attorney General Greg Lohmeier will speak at the Georgia Real Estate Fraud and Prevention and Awareness Coalition's Quarterly Educational Meeting.

From March 21 to March 23, the American Bankers Association is hosting its Real Estate Lending Conference in Weston, Fla., a statement said.

Mortgage Pricing Systems announced today that it will host booth number 228 at the 27th Regional Conference of Mortgage Bankers.


Former Quicken Executive Launches New Firm
Hall Financial announced that it launched this month.

David Hall is the founder and managing partner of the Michigan-based company.

Hall spent eight years as senior vice president and chief marketing officer at Quicken Inc.-subsidiary Rock Financial.


Risk of Default Drops
A report announced by the University of Michigan's Ross School of Business indicated that the risk of mortgage defaults declined between the fourth-quarter 2009 and the first-quarter of this year.

It was the lowest point for the index since 2005.

The index reportedly measures the risk of default on newly originated mortgages by tracking local and national economic conditions.


Berkshire Unit Settles With NC
A settlement with Vanderbilt Mortgage and Finance Inc. was announced by the North Carolina Office of Commissioner of Banks.

The state alleged numerous violations of North Carolina law.

Vanderbilt was included in the 2006 acquisition of Clayton Homes Inc. by Berkshire Hathaway.


Wells Adds 6,000 Servicing Jobs in 6 Months
In August 2009, Wells Fargo Home Mortgage reported that its U.S.-based servicing staff stood at 11,500.

At the time, the company noted that it was staffing up to handle a backlog of pending loan modifications.

As of February, Well Fargo's servicing staff climbed to more than 14,500 employees, according to data reported by Moody's Investors Service.