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Author Archives: Jordan Funderburk

DS News Webcast: Wednesday 1/7/2015

Foreclosure, REO, News, Webcast

The new year brought with it a new mortgage servicing rights opportunity for interested buyers: a substantial GSE portfolio valued at 4.2 billion dollars in aggregate unpaid principal balance. According to MountainView Servicing Group, which is acting as facilitator for the ...

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DS News Webcast: Tuesday 1/6/2015

Foreclosure, REO, News, Webcast

The U.S. Supreme Court is scheduled to begin hearing arguments on January 21 on whether or not "disparate impact" claims are allowed under the Fair Housing Act of 1968 in the case of the Texas Department of Housing and Community Affairs v. the Inclusive ...

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DS News Webcast: Monday 1/5/2015

Fannie Mae's gross mortgage portfolio took a huge downward turn in November, while the mortgage giant's Book of Business inched upward, according to Fannie Mae's November 2014 Monthly Summary. The balance of the gross mortgage portfolio dropped from $4.36 billion in ...

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DS News Webcast: Friday 12/26/2014

Foreclosure, REO, News, Webcast

The Federal Housing Finance Agency has approved the merger application for the Federal Home Loan Banks of Des Moines and Seattle that was submitted on October 31, 2014, according to a press release. The historic voluntary merger between two FHL Banks is subject to satisfaction of specific ...

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DS News Webcast: Wednesday 12/24/2014

Both foreclosure completions and foreclosure starts on Fannie Mae and Freddie Mac loans continued their steady decline in the third quarter, according to the Federal Housing Finance Agency's Q3 Foreclosure Prevention Report released earlier this week. The GSEs completed 39,000 foreclosures in Q3, down 9 percent ...

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DS News Webcast: Tuesday 12/23/2014

Foreclosure, REO, News, Webcast

Fannie Mae and Freddie Mac have completed approximately 3.3 million foreclosure prevention actions since the start of the conservatorship in September 2008, according to the Federal Housing Finance Agency's Q3 Foreclosure Prevention Report released Monday. About 2.8 million of those 3.3 million foreclosure prevention actions ...

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DS News Webcast: Friday 12/19/2014

Foreclosure, REO, News, Webcast

U.S. Department of Housing and Urban Development Secretary Julián Castro said the Department will continue to focus on its top priorities in 2015 with the 45 billion dollar budget allotted as part of the Consolidated and Further Continuing Appropriations Act of 2015, ...

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DS News Webcast: Thursday 12/18/2014

Foreclosure, REO, News, Webcast

The U.S. Senate passed a bill on Tuesday night that retroactively extends 55 tax provisions, among which are allowing deductions for mortgage insurance premium interest and tax relief on forgiven mortgage debt. The tax provisions covered by the bill, known as the ...

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DS News Webcast: Wednesday 12/17/2014

Foreclosure, REO, News, Webcast

JPMorgan Chase reported that it has provided more than half of the consumer relief required in just one year as part of a settlement with the government, according to a report released Tuesday. The internal review group for the New York-based megabank ...

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DS News Webcast: Tuesday 12/16/2014

Foreclosure, REO, News, Webcast

The U.S. Senate and the House of Representatives have both unanimously voted to pass a bill that give military servicemembers who have recently returned from duty added protection from foreclosure, according to an announcement from U.S. Senator Sheldon Whitehouse, a Democrat from Rhode Island, who introduced ...

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