Home / Author Archives: Colin Robins (page 40)

Author Archives: Colin Robins

Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.

Bank of America to Cut More Mortgage Jobs

Bank of America, the second-largest U.S. lender, is cutting 450 mortgage jobs from its West Coast Offices. The lending giant is reducing staff after new loans fell short of internal forecasts. In a report by Bloomberg, affected employees were told yesterday that workers involved in processing home loans would be let go.

Read More »

Fannie Mae Increases Incentives to Purchase REO Properties

Fannie Mae announced Thursday that homebuyers can now receive up to 3.5 percent in closing cost assistance. The help is available within the FirstLook period of Fannie Mae’s HomePath properties in 27 states. The incentive will offer qualified buyers up to 3.5 percent of the final sales price to pay closing costs.

Read More »

HOPE NOW Completes 768,000 Modifications

HOPE NOW, a voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, released a press release Thursday outlining its loan modification data from 2013. In total, 768,000 homeowners received loan modifications from HOPE NOW in 2013.

Read More »

FHFA Report Finds Lack of Compliance; Oversight

The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) released a report Wednesday, outlining conclusions drawn from a study done on the Servicing Alignment Initiative (SAI). The assessment of servicers provided by the FHFAOIG was far from glowing, citing specific areas of improvement for servicers of Government-Sponsored Enterprise (GSE) mortgages, specifically those who service Fannie Mae and Freddie Mac.

Read More »

Foreclosures Rise in January; Decline Yearly

RealtyTrac released its U.S. Foreclosure Market Report for January, 2014. The report noted an 8 percent increase of reported properties from the previous month, citing 124,419 properties in foreclosure filings (default notices, scheduled auctions, and bank repossessions). Year-to-year, January, 2014 represented an 18 percent drop from January, 2013.

Read More »

Hutchens Law Firm Announces Awards

The Hutchens Law Firm announced a series of awards given to their attorneys this year. The North Carolina-based firm announced that Chris Foster has been named one of Business North Carolina magazine’s 2014 Legal Elite "Young Guns." He is one of just 56 attorneys named.

Read More »

Butler and Hosch Expand; Acquire New Firm

Mortgage banking industry law firm Butler & Hosch, P.A. said Tuesday that it will acquire Atlanta-based McCurdy & Candler, LLC Default Practice. The firms are in the final stages of the acquisitions process, and the two companies are completing due diligence process this week. The deal is expected to be finalized by the end of the month, Butler & Hosch officials said in a statement.

Read More »

Interest Rates and HARP Participation Pressure Title Insurer Revenues

2014 revenue growth for U.S. title insurers is likely to be constrained, said Fitch Ratings in a press release Wednesday. Fitch cites rising interest rates and Home Affordable Refinance Program (HARP) participation as a limiting factor for title insurers, who have experienced steady revenue growth and improving profit margins over the last two years.

Read More »

CMLS Board Appoints New Member

The Multiple Listing Services (MLS) Solutions division of Black Knight Financial Services announced that Marty Reed, the division's vice president of business operations, has been appointed to the board of directors for the Council of Multiple Listing Services (CMLS). Reed is the first MLS vendor representative to be appointed to the CMLS board.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.