BSI Financial Services, a mortgage-centric financial services company, last week announced it has promoted Larry Goldstone to President of Capital Markets and Lending and John Lawrence to President of Servicing and Lender Services. A 20-year veteran of the mortgage industry, ...
Read More »Padgett Law Group Offers ‘Post COVID Reality’ Web Summit
Today Padgett Law Group (PLG) opened registration for the firm’s inaugural web summit, "PANDIFFERENT." The summit is in response to growing client demand for digital training and education resources, and comes on the heels of the firm’s summer webinar series. ...
Read More »U.S. Senate Banking Committee Requests Clarity on Cryptocurrencies
This week, U.S. Sen. Mike Crapo (R-Idaho), who heads the Senate Committee on Banking, Housing and Urban Affairs, asked the Office of the Comptroller of the Currency (OCC) to fill his committee in on its Advanced Notice of Proposed Rulemaking ...
Read More »The Housing Industry’s Mixed Reactions to New Eviction Moratorium
Many in the housing industry are reacting to an announcement Tuesday that the Trump administration, by way of the Center for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS), has put a new conditional eviction ban in place, effective immediately. The order follows President Trump’s early-August Executive Order, which directed the CDC ...
Read More »CDC Orders Temporary Halt to Residential Evictions
The Trump administration said it will use its quarantine authority to keep renters in their homes during the coronavirus pandemic as a way to prevent an eviction crisis that could worsen economic strains. Bloomberg first reported the news. The Centers ...
Read More »CFPB Report: Effects of COVID-19 on Mortgage Loans, Other Debt
The Consumer Financial Protection Bureau (Bureau) this week issued a report examining the effects of the COVID-19 pandemic on consumer credit through June. The report focused on mortgage, student and auto loans, and credit card accounts since March. Based on ...
Read More »Forbearance Survey: Certain Borrowers ‘Disproportionately Impacted’
Fannie Mae and Freddie Mac loans in forbearance dropped while private loans and those owned by Ginnie Mae experienced an increase, according to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey. The total number of loans now ...
Read More »Fannie Mae’s Head of Multifamily, Jeffery Hayward, Promoted
Fannie Mae has appointed Jeffery Hayward to the newly created position of EVP and Chief Administrative Officer and Michele Evans as EVP and Head of Multifamily, effective immediately. Hayward, previously Head of Fannie Mae’s Multifamily business, will lead Fannie Mae’s ...
Read More »Where Zombie Properties Are Accumulating
A new report indicated that 1.6 percent of all homes in the U.S. are vacant, numbering 1,570,265 residential properties, with 7,960 or 3.7% of those vacant properties in the process of foreclosure, otherwise known as “zombie foreclosures.” That is according ...
Read More »BSI Financial Announces Key Executive Promotions
BSI Financial Services, a mortgage-centric financial services company, today announced it has promoted Larry Goldstone to President of Capital Markets and Lending and John Lawrence to President of Servicing and Lender Services. A 20-year veteran of the mortgage industry, Lawrence ...
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