ICE, an operator of global exchanges and clearing houses, has purchased a majority equity interest in MERSCORP, owner of MERS Systems, an electronic registry that tracks mortgage servicing rights changes. How will this transaction benefit the industry?
Read More »Distressed Sales Share 2 Years Away from ‘Normal’
The share of home sales that are REO properties is about one-third of what it was at its peak seven years ago.
Read More »Housing Market Accelerates at Record Pace
Competition is fierce in the housing market after almost a decade of undersupplied housing stock, according to Redfin.
Read More »Watchdog Finds Problems With CFPB’s Internal Controls
It has been a challenging year for the CFPB so far. The Government Accountability Office just made it a little more challenging.
Read More »Nearly Half of Foreclosures Wrapped up in Five States
Completed foreclosures are way down year-over-year but still concentrated in a handful of areas around the country.
Read More »FHFA: Here’s What HAMP Borrowers Facing Resets Can Do
What solutions have Fannie Mae and Freddie Mac offered to HAMP borrowers facing higher monthly payments due to resets?
Read More »Can Banks and Fintechs Live in Harmony?
The OCC wants banks and financial technology firms to work together on responsible innovation for the financial industry as opposed to just plain innovation.
Read More »Fannie Mae Appoints New Chief Audit Executive
Fannie Mae has appointed GE Capital executive J. Douglas Watt as SVP and chief audit executive effective July 11.
Read More »Financial Reform and its Possible Effect on Wall Street
Several legislative proposals have been made of late in an attempt to reform Dodd-Frank, most notably the Financial CHOICE Act. Steve Williams, Principal with Cornerstone Advisors, discusses what effect the CHOICE Act might have on Wall Street if it is passed into law.
Read More »Bill Takes Aim at CFPB’s Complaint Database
Rep. Matt Salmon (R-Arizona) is proposing changes intended to provide more context to the complaints received by the Bureau.
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