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Home | Author Archives: Brian Honea

Author Archives: Brian Honea

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Compliance Has Made Foreclosure Process Complicated, Experts Say

foreclosure-for-sale

One resounding theme of the Foreclosure Lab at the Five Star Conference on Monday was clear – throwing compliance into the equation has made the foreclosure process way more complicated than it used to be because the industry is so much more regulated than it was as recently as five years ago before the passage of the Dodd-Frank Act.

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REOs Fall Year-Over-Year for 21st Straight Month

bank-owned-five

The number of residential properties repossessed by lenders by way of foreclosure in August declined on a year-over-year basis for the 21st consecutive month, according to RealtyTrac's monthly U.S. Foreclosure Market Report for August 2014 released September 11.

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OCC: Financial Industry Supervisors Need to ‘Remain Vigilant’

wall-st-and-gov

In speaking before the U.S. Senate Committee on Banking, Housing, and Urban Affairs earlier in the week, Comptroller of the Currency Thomas J. Curry said the overall financial condition of banks has improved since the passage of the Dodd-Frank Reform Act four years ago – but he believes that supervisors need to "remain vigilant."

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