The Government Accountability Office said that nonbank mortgage servicers need more oversight from both the Federal Housing Finance Agency and the Consumer Financial Protection Bureau as the share of mortgages serviced by nonbanks has nearly quadrupled since 2012, according to ...
Read More »Hladik, Onorato & Federman LLP Welcomes Two New Attorneys
Hladik, Onorato and Federman LLP (HOF Law Group), a full-service law firm that specializes in the areas of mortgage foreclosure, bankruptcy, tax Sales, municipal law, personal injury, and estate planning, has announced the addition of two new attorneys, Matthew C. Collins, Esq., and Eric J. Philips, Esq.
Read More »DS News Webcast: Tuesday 4/5/2016
While the homeownership rate is inching its way back upward, it is still below its peak across all age groups—particularly among consumers ages 44 and younger, according to the Wells Fargo 2016 Housing Market Outlook. For consumers between the ages ...
Read More »DS News Webcast: Monday 4/4/2016
At the end of 2015, there were 3 point 2 million underwater borrowers, representing about 6 point 5 percent of all residential mortgages nationwide. And while negative equity rates have improved overall nationally, the recovery has been imbalanced when it ...
Read More »DS News Webcast: Friday 4/1/2016
The recent predictions from analysts of a dark year for housing based on tight inventory combined with rapid home price appreciation and slow wage growth may be a little off base, according to Freddie Mac’s March 2016 Monthly Outlook released Thursday. ...
Read More »OCC Urges Banks to Practice ‘Responsible’ Innovation
To this end, the OCC released a white paper on Thursday that outlines eight principles the agency plans to use to guide the development of its innovation framework.
Read More »DS News Webcast: Thursday 3/31/2016
The number of first-lien mortgage loans serviced by eight national banks, which comprise about 41 percent of all outstanding residential mortgages in the country, has declined every quarter since Q4 2013, according to the OCC Mortgage Metrics Report for the fourth ...
Read More »Pro Teck Introduces Intelligent Quality Control Solution for Appraisers
Pro Teck Valuation Services, a national provider of residential real estate valuations headquartered in Waltham, Massachusetts, on Wednesday introduced its new Intelligent Quality Control solution.
Read More »DS News Webcast: Tuesday 3/29/2016
The steep decline in the number of REO properties in the last five years or so since the foreclosure crisis peaked has been one of the buzz topics in the mortgage industry. Just how many fewer REO properties are out ...
Read More »DS News Webcast: Monday 3/28/2016
Michael Stegman, who currently serves as the National Economic Council’s top housing adviser at the White House, is stepping down from that position, a Treasury spokesperson confirmed to DS News on Friday. Treasury confirmed to DS News that Stegman will be leaving the White House to ...
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