Local municipalities in the areas hit hardest by the foreclosure crisis have made various attempts through legislation to combat the problem of “zombie properties.” How does the most populous town in the U.S. propose to handle the problem?
Read More »Appellate Court Strikes BOA’s Penalty in ‘Hustle’ Case
Bank of America has been fighting for nearly two years to reverse a $1.27 billion penalty over Countrywide's "Hustle" mortgage program. Why did an appellate court reverse that penalty on Monday?
Read More »The Week Ahead: The Domino Effect of the Supply Shortage
Existing-home sales were up despite ongoing inventory issues. How will the lack of housing supply affect new home sales for the month of April?
Read More »Counsel’s Corner: Reversal of the “Free House” Decision
Steven K. Eisenberg, Managing Shareholder of Stern & Eisenberg, PC, spoke with DS News about the reversal of a decision in which the borrower received a "free house" because the servicer exceeded the statute of limitations in foreclosure.
Read More »What Would Housing Finance Reform Look Like Under Clinton?
Clinton's hiring of former NEC Director Gene Sperling may give an indication of which direction she plans to go with GSE reform.
Read More »CFPB Plans Further Servicing Rules Updates
What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?
Read More »Investors Still Active Despite Distressed Inventory Decline
Overall housing inventory has been tight for 44 straight months, and the share of distressed properties sold is way down from its peak. But that isn't stopping investors.
Read More »Clayton Holdings Receives Rankings from Morningstar
Morningstar Credit Ratings has ranked Clayton Holdings LLC as both a Residential Mortgage-Backed Securities Agent and as a Residential Representation and Warranty Reviewer.
Read More »Refinance Revolution—How Lenders Can Reach This Population
Michael Reddington, EVP of Retail at Envoy Mortgage, discussed with DS News how lenders should handle refinance business at a time when rates are so low.
Read More »Mike Heid Elected to Fannie Mae Board of Directors
Heid served in several executive positions over nearly three decades at Wells Fargo.
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