While home sales prices posted moderate gains in September, the housing market recovery as a whole is moving slowly, according to the Wells Fargo Economics Group Housing Wrap Up for October 2014.
Read More »With Recent Republican Victories, Is GSE Reform Possible?
Now that the Republicans will have a majority in both the House and the Senate and a Republican-led Senate Banking Committee in January, it has been widely speculated that GSE reform will be near the top of their to-do list. Richard Shelby (R-Alabama) will become the new chair of the Senate Banking, Housing, and Urban Affairs Committee in January. He previously served as the committee chair from 2003 to 2007 and is a longtime proponent of reforming the conservatorship model.
Read More »International Document Services Forms New Integrations Team
International Document Services (IDS), a Salt Lake City, Utah-based mortgage document preparation vendor, has announced the formation of an internal team with the sole function of developing and maintaining integrations between idsDoc, the IDS flagship document preparation system, and the company's third-party vendors.
Read More »Institutional Investor Sale Share Sinks to Four-Year Low in Q3
Institutional investor sales comprised 4.3 percent of all single-family residential home and condo sales in the third quarter of 2014, down from 5 percent in the second quarter and from 5.3 percent in Q3 2013, according to RealtyTrac's Q3 2014 Institutional Investor and Cash Sales Report released on Thursday.
Read More »Legal League 100 Board Discusses Issues Facing Financial Services Industry
The Legal League 100 Advisory Board met Wednesday in Washington, D.C. to plot the path forward for serving the default servicing and financial services legal community in the coming year.
Read More »Alabama Senator Expected to Take Over As Chair of Senate Banking Committee
U.S. Senator Richard Shelby, R-Alabama, is expected to become the new chair of the Senate's Banking, Housing, and Urban Affairs Committee following Tuesday's election in which Republicans retained control of the House and won enough seats to gain a majority in the Senate as well.
Read More »Private Sector Employment Expands by 230,000 Jobs in October
The number of jobs in the private sector increased by 230,000 from September to October in 2014, according to the October ADP National Employment Report released on Wednesday.
Read More »Martin, Leigh, Laws & Fritzlen Receives USFN Award of Excellence for Fifth Straight Year
Martin, Leigh, Laws & Fritzlen (MLLF), a Kansas-based law firm specializing in creditor-oriented litigation, recently received the USFN Award of Excellence for the fifth consecutive year.
Read More »RIO Genesis Taps Effinger for Management Team
RIO Genesis, a Nevada-based leading real estate software solutions provider, has announced the hiring of housing and mortgage servicing industry veteran Lynn Effinger as SVP of institutional services.
Read More »Judge Throws Out Obama Adminstration’s ‘Disparate Impact’ Housing Rule
A federal judge ruled on Monday that the Fair Housing Act does not allow for so-called "disparate impact" claims, which are allegations that can be made based on neutral practices that may unintentionally have a discriminatory effect.
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