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Williston Financial Group Appoints Moody to Head Its Lender Services Division | Mortgage News | Daily National and State Headlines

Williston Financial Group Appoints Moody to Head Its Lender Services Division

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Williston Financial Group LLC (WFG) has appointed William Moody as executive vice president. Moody will lead wholly-owned subsidiary New Millennium Title, WFG’s lender services division, from the division’s new headquarters in Simi Valley, Calif. He will also serve on the Executive Committee of WFG. WFG is a national, full service provider of title insurance and real estate settlement services for the mortgage industry.

New Millennium Title is already operating in all 50 states. The division delivers a range of settlement services, including title insurance and closing/escrow services, for both the commercial and residential transactions.

Moody has 34 years of experience in the mortgage and settlement services industry, most recently as founder, president and chief executive officer of national settlement services firm Lender’s First Choice. He also spent 11 years as a president of financial services with Coast Federal Bank.

“WFG and New Millennium Title are a great fit for this market,” said Moody. “We are already serving a variety of large, medium and small national clients, and are pleased to see that flexibility, communication and responsiveness on the part of their settlement services partners are no longer luxuries in the eyes of mortgage lenders. They are now requirements. This fits our business model, which centers on communication, collaboration and co-existence.”

WFG President and Chief Executive Officer Patrick Stone asserts that Moody is an excellent match for the company’s approach to the market.

“Bill has tremendous experience on both the lending and settlement side of the real estate transaction,” said Stone. “He strives to adapt his services to meet the needs of the customer, rather than forcing the customer to fit his operation. At a time when mortgage lenders need flexibility and speed from their partners, Bill Moody will be an asset to New Millennium’s clients.”

For more information, visit www.WillistonFinancial.com.

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Continuing Ed for Title Agents

Humphries Says Housing May Bottom in First Half of 2011 (Video) | Mortgage News | Daily National and State Headlines

Humphries Says Housing May Bottom in First Half of 2011 (Video)

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Continuing Ed for Title Agents

Fannie, Freddie Recommend Foreclosed-Property Sales Resume – WSJ.com

Fannie Mae and Freddie Mac have begun telling real-estate agents nationwide to resume sales of foreclosed properties that had been suspended after document-handling problems surfaced over the past two months.

Fannie said Friday it had lifted a moratorium on foreclosed-property sales following a review of the affected properties it has acquired and after consulting with its government regulator, the Federal Housing Finance Agency. It was unclear how quickly sales would resume because loan servicers are still completing their reviews of paperwork.

“Our decision was motivated by several factors including the protection of buyers with title insurance, the negative impact lingering foreclosed properties has on neighborhoods and the cost burden that is placed on taxpayers when [bank-owned] sales are suspended,” said a Fannie Mae spokeswoman.

Fannie and Freddie owned nearly 240,000 properties at the end of September, valued at nearly $24 billion. Difficulty selling those homes could lead to higher carrying costs for the mortgage titans. Delays also could prompt buyers that had been under contract to lower their asking prices or to walk away from deals.

Posted via email from Title Insurance
Continuing Ed for Title Agents

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