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Home | News | Foreclosure

Melchiorre Announced as Indisoft President

Wednesday, IndiSoft, a technology development firm that specializes in systems for the financial services industry, announced Camillo Melchiorre as President, focusing on the firm’s sales and marketing efforts. Sanjeev Dahiwadkar, who previously held the roles of President and CEO, will not be available to concentrate on IndiSoft’s strategic direction as CEO.

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Credit Where It’s Due

The consumer bank card default rate nosedived in a big way, swiping the biggest dip in 12 months this past July. But noteworthy gains notwithstanding, plastic is still far from perfect.

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Out of Their Reach

Mortgage performance is perking up, thanks in large measure to our strengthening economy. But in a paradoxical twist, those same positive headwinds are creating a monetary maelstrom for many homebuyers, who lack the cash to lock a deal.

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Making Restitution

Another mortgage lender/servicer has fulfilled its obligations under a settlement agreement with the Department of Justice. Read on to see which bank, as well as the terms of the deal. . .

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Fighting Off Foreclosures

The FHFA’s May Foreclosure Prevention Report details the actions Fannie and Freddie took to put the kibosh on foreclosures. Did they pack the right amount of punch … or are the Enterprises down for the count?

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