Dallas, Texas-based Nationstar Mortgage was the only one out of the three largest U.S. non-bank mortgage servicers rated by Moody's to turn a profit during 2015, according to Moody’s Investors Service’s Servicer Dashboard on Thursday. Nationstar’s net income for 2015 was 43 ...
Read More »MCS Announces Formation of MCS Solutions
Mortgage Contracting Services, LLC (MCS) has announced the formation of MCS Solutions in order to incorporate the company’s valuations, title services, and steel security product line, according to an announcement from MCS.
Read More »DS News Webcast: Thursday 4/21/2016
The final 1 billion dollars in funds under the Hardest Hit Fund has been allocated to 13 of the 19 participating HHF states, according to an announcement from the U.S. Department of Treasury on Tuesday. The states that received this round of ...
Read More »DS News Webcast: Wednesday 4/20/2016
The FHFA’s principal reduction program announced last week is going to affect relatively few borrowers. The program is extended to approximately 33 thousand eligible homeowners when there are approximately three million underwater borrowers nationwide. According to a report released by ...
Read More »DS News Webcast: Tuesday 4/19/2016
The controversial principal reduction program announced by the Federal Housing Finance Agency last week is expected to moderately increase expenses for mortgage servicers who handle delinquent Fannie Mae or Freddie Mac loans, but overall the impact of the program on ...
Read More »DS News Webcast: Monday 4/15/2016
The tough week for banks continued Friday as Citigroup reported a year-over-year decline in net profits of 27 percent during the first quarter in the bank’s Q1 earnings statement released Friday, from 4 point 8 billion dollars down to 3 point ...
Read More »The Week Ahead: How the Settlement Will Affect Goldman Sachs
Goldman Sachs will release its earnings statement for Q1 on Tuesday, April 19. How much will the recent $5 billion settlement affect the firm's profits?
Read More »What Happened to Banks’ Profits in Q1?
Several banks announced this week that their profits were down for Q1. Is there a theme to the declines in bank earnings, or is it a coincidence?
Read More »DS News Webcast: Friday 4/15/2016
For seriously delinquent, underwater homeowners struggling through the murky aftermath of the financial crisis, help is on the way in the form of a gift from the Federal Housing Finance Agency. Fannie Mae and Freddie Mac will soon be required ...
Read More »DS News Webcast: Wednesday 4/13/2016
Housing advocates and progressive groups have launched a coalition to change Agency distressed loan sales practices and require them to sell more delinquent loans to non-profits. The advocates tagged HUD’s Distressed Asset Stabilization Program a, quote, Wall Street Giveaway, close ...
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