Your Daily Dose from DSNews.com

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From: "DSNews.com Editor"
Date: Wed, 16 Sep 2009 08:15:52 -0400
To: <roballeyrealtor@gmail.com>
Subject: Your Daily Dose from DSNews.com

Email not displaying correctly? View it in your browser. Party's Over: Wells Fargo Sacks Exec who Squatted in Malibu Mansion As expected, Cheronda Guyton's novel solution to the problem of REO maintenance cost her a job, as Wells Fargo fired the vice president in charge of foreclosures for not-so-quietly living in a multi-million-dollar Malibu beach house that had been repossessed from victims of the Bernard Madoff ponzi scheme. "We deeply regret the activities that have taken place as they do not reflect the conduct we expect of our team members," Wells Fargo said in a statement announcing the personnel move. Investors Demand Better Compensation, Backstop for HAMP Modifications An Illinois-based hedge fund is spearheading a move by mortgage investors to demand greater federal protection and compensation for allowing modifications to loans in their portfolios. The push reflects a deeper fear among investors that loan modifications are failing. Frank Presses Bankers' Flesh to Hammer Out Consumer Protection Agency Legislation On the same day President Barack Obama took his case for financial regulatory reform to Wall Street, the plan's chief ally in Congress said he was working with industry professionals on a bill to create a new consumer-protection agency. As the U.S. economic crisis recedes and markets begin to recover, the administration and lawmakers are advancing a program of regulatory reform that they say will prevent the greed, corruption and systemic risk seen as major causes of the downturn. Labor Market Replaces Housing as Main Threat to Economy, Report Says The labor market has replaced housing as the dark cloud on the economic horizon, Freddie Mac economists said, but there are hopeful signs even as the jobless rate continues to rise. The GSE's report says indicators provide further evidence that housing markets are stabilizing and that the sector is less of a drag on the economy. You are receving this email because you opted in at our website dsnews.com. Unsubscribe roballeyrealtor@gmail.com from this list. Our mailing address is: DS News 2603 Oak Lawn Avenue Suite 500 Dallas, TX 75219 Add us to your address book Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE