The rule will affect more than 600 financial institutions.

The North Carolina-based firm has that has traded more than $420 million in SFR assets in the last three years and closed more than $27 million in the beta phase of the new platform.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Mike Barker, Managing Partner at Quintairos, Prieto, Wood & Boyer.

Home equity and outstanding mortgage debt for single-family properties both increased for the first time in a decade.

Online real estate marketplace Ten-X (formerly Auction.com) has announced that the company’s EVP, Rick Sharga, has been promoted to the position of chief marketing officer.

An investigation by the SEC revealed that Ocwen misstated its income for the last three quarters of 2013 and the first quarter of 2014.

Two and a half years after launching the first credit risk transfer program, Freddie Mac has succeeded in the transferring of a substantial portion of credit risk on more than $385 billion in single-family mortgages.

The GSE filed the suit in September 2014 accusing the accounting firm of "gross negligence" regarding the auditing of certain mortgage loans Freddie Mac purchased from Taylor Bean & Whitaker before the housing crash.

The investment banking firm's Q4 and full year 2015 earnings took a big hit as a result of the $5 billion residential mortgage-backed securities settlement announced last week.

Mortgage REITs that are affected by the FHFA's recently-issued final rule on Federal Home Loan Bank membership must find new sources of funding. Would it be more beneficial to go with short- or long-term funding?