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Author Archives: Aly J. Yale

Aly J. Yale is a freelance writer and editor based in Fort Worth, Texas. She has worked for various newspapers, magazines, and publications across the nation, including The Dallas Morning News and Addison Magazine. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more.

Leading the Charge

With a storied history in civil rights, Stuart Ishimaru, Head of CFPB's Office of Minority and Women Inclusion, has spent his career fighting for equal opportunity—in the workplace, in the military, and throughout the country. Now, he’s taking the fight to the financial sector, leading the banking and lending industries down the path of diversity.

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The End 
of an Era: Tozer Talks

Seven years might not seem all that long a tenure in the corporate world, but in the land of political appointees, Ted Tozer’s near-decade at the helm of Ginnie Mae was a true anomaly. Editor's Note: This feature originally appeared in the June 2017 print edition of DS News.

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Servicers Suffer from Disparate Tech

Out-of-sync technologies are holding businesses back, according to a recent report. Additionally, make it hard to serve the millennial homebuyer, who expects a more seamless, digitized solution when purchasing a home. This is largely because tech solutions in today’s post-crisis, highly-regulated industry are product-specific, which creates a “complex ecosystem made up of siloed disparate systems.”

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Bringing Back the Chase Case

In 2015, a court dismissed all claims under the suit entirely, citing a six-year statute of limitations on MBS contract litigation, as established in ACE Securities Corp. v. DB Structured Products Inc. According to Judge Karla Moskowitz, a member of the five-judge panel in Thursday’s appeals court, JPMorgan Chase’s six-year obligation to safeguard WMC didn’t stop when its obligation to repurchase the loans did. It instead will end six years after WMB actually failed to make the repurchase.

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The Profile of Today’s Realtor

dream home

Despite inventory problems and rising mortgage rates, today’s realtor is enjoying more sales and more income, according to new data. The typical realtor has seen an 8-percent jump in income, rising from $39K to $42K over the year. The number of new entrants to the field is also up.

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Delinquencies, Foreclosures Fall Over Year

According to a new report, 30-day delinquencies, 90-day delinquencies, and foreclosure inventory are down over the year. “Early-stage” delinquencies were slightly up, however, rising from 2.08 percent to 2.14 percent. Louisiana saw the most delinquent mortgages for the month.

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Paper Proposes Plan for GSE Reform

A new white paper has proposed a detailed plan for reforming the nation’s GSEs. Offering a roadmap toward reform, the paper also outlines how to handle the transition to a new GSE system, as well as the secondary markets role in the move. The paper is designed to help legislators move GSE reform along—a goal the new administration has made clear.

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Ocwen Responds to Suit from CFPB, 21 States

CFPB and 21 state's litigation against Ocwen created ripples through the industry . In a statement, Ocwen repsonded to the litigations. Accordiong to Ocwen, the suit's allegations are "inaccurate and unfounded."

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Greenspan: Dodd-Frank Stifling Stock Market

According to former Fed Chairman Alan Greenspan, Dodd-Frank has caused stock prices to soar and rolling it back would have a positive impact on the economy. In an interview with CNBC on Thursday, Greenspan discussed Dodd-Frank, tax cuts, and more. Dodd-Frank has been a hot-button topic since President Trump orders a review of the law back in February.

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