Home / Author Archives: Jordan Funderburk (page 2)

Author Archives: Jordan Funderburk

DS News Webcast: Thursday 10/15/2015

Foreclosure, REO, News, Webcast

Residential mortgage subprime loans in foreclosure serviced by banks experienced higher losses than loans serviced by non-bank firms in the top three foreclosure states over the last 12 months, according to a report from Moody’s Investor Service. The report compared loan ...

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DS News Webcast: Tuesday 10/13/2015

Foreclosure, REO, News, Webcast

Insurer MGIC, which provides mortgage insurance through its principal subsidiary Mortgage Guaranty Insurance Corp., saw its stock rise 2 percent in morning trading after Keefe, Bruyette & Woods analysts gave the company a vote of confidence. KBW raised MGIC to ...

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DS News Webcast: Monday 10/12/2015

Foreclosure, REO, News, Webcast

Fannie Mae has announced its third sale of non-performing single-family mortgage loans, this time in three pools totaling about 1 point 2 billion dollars in unpaid principal balance. The three pools are comprised of approximately 7 thousand loans combined. The non-performing loans are ...

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DS News Webcast: Friday 10/9/2015

Foreclosure, REO, News, Webcast

Sales of distressed residential properties continued heading toward their normal levels with another substantial year-over-year decline in July 2015, according to distressed sales data released by CoreLogic on Thursday. Distressed property sales accounted for 9 point 4 percent of all homes nationwide ...

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DS News Webcast: Thursday 10/8/2015

Foreclosure, REO, News, Webcast

According to a recent report from the FHFA Office of the Inspector General, the Agency's budget review and approval process has fallen short of achieving the FHFA's stated purpose due to a number of factors that include late timing, cursory-level analysis, and inadequate ...

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DS News Webcast: Wednesday 10/7/2015

Foreclosure, REO, News, Webcast

HUD has announced the latest sale in the Distressed Asset Stabilization Program, Single Family Loan Sale 2016-1, consisting of one offering date with National Pools and Neighborhood Stabilization Outcome Pools offered on November 18, 2015. Like the previous distressed loan sale executed in ...

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DS News Webcast: Tuesday 10/6/2015

Foreclosure, REO, News, Webcast

First-lien mortgage performance continued to improve with nearly a full percentage point increase in the share of mortgages that were current and performing at the end of Q2 2015, according to the quarterly report on mortgage performance released by the Office of ...

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DS News Webcast: Monday 10/5/2015

Foreclosure, REO, News, Webcast

The lower-than-expected labor market gains for September brought the average monthly job growth for the year down below 200 thousand, which could possibly slow down the housing industry for the rest of 2015, according to the Bureau of Labor Statistics. ...

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DS News Webcast: Friday 10/2/2015

Foreclosure, REO, News, Webcast

JPMorgan Chase has paid out nearly 90 percent of its 4 billion dollar consumer relief obligation under the terms of the 2013 JPMorgan Chase Residential Mortgage-Backed Securities Settlement, according to a report from the office of independent monitor Joseph A. Smith, Jr released Thursday. ...

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DS News Webcast: Thursday 10/1/2015

Foreclosure, REO, News, Webcast

Senator Elizabeth Warren and Representative Michael Capuano, both Democrats from Massachusetts, led a protest rally in Washington, D.C., on Wednesday to urge Fannie Mae, Freddie Mac, and HUD to stop selling deeply delinquent mortgage loans to private equity firms. Warren and ...

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