Home / Author Archives: Derek Templeton (page 4)

Author Archives: Derek Templeton

Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed "policy junkie," he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries.

Seattle Firm Completes Asset Transfer

Seattle based Regional Trustee Services Corporation (RTS) announced that it has completed an asset purchase agreement effective immediately. Prior to the agreement RTS was a privately owned company that provided non-judicial foreclosure services to investors, mortgage servicers, and outside law firms ...

Read More »

Cyprexx Responds to Discrimination Complaint

This week, Cyprexx Services became the latest company to come under fire from the National Fair Housing Alliance (NFHA). The group announced on Tuesday that they would be filing a complaint with the Department of Housing and Urban Development, accusing ...

Read More »

Severity of Financial Crisis to Blame for Slow Wage Growth

HELOC

The labor market has taken significant steps in the quest to return to pre-recession employment levels. Still, concerns remain among many about the quality of jobs being created. Wages have increased over the past year but at only a 2.3 percent growth rate, they lag behind the growth rate that they should be experiencing at this point in the business cycle. A change may be in the air.

Read More »

Senior RMBS Trader Convicted of Fraud

Foreclosure, REO, News, Webcast

The office of the Special Inspector General for the Troubled Asset Relief Program announced that Jesse Litvak, a registered broker-dealer and former managing director at New York investment bank Jefferies & Co., Inc. was sentenced today to 24 months in federal prison and ordered to pay a $1.75 million dollar fine in connection to his conviction for defrauding consumers trading in residential mortgage backed securities.

Read More »

Homes “Seriously Underwater” Down in Second Quarter

Foreclosure, REO, News, Webcast

In a positive sign for the housing market, RealtyTrac reported Thursday a decrease nationwide in homes that were classified as “seriously underwater”, down to 9.1 million homes in the second quarter of 2014, representing 17.2 percent of all homes nationwide. The number is a decrease from the 17.4 percent of underwater homes recorded in the first quarter

Read More »

Frank Testifies Before House Financial Services Committee

Former Congressman Barney Frank testified before the House of Representatives Committee on Financial Services on Wednesday, arguing that the Dodd-Frank Wall Street Reform and Consumer Protection Act and the voluminous set of regulations that followed shortly thereafter was a positive for the economy and safeguarded the American public from ever having to face an economic down turn the likes of the great recession ever again.

Read More »

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.