The latest print edition of DS News is here, and it's packed to the brim with insightful, exclusive content you need to stay abreast of the latest developments in mortgage and default servicing. Here's what you can look forward to ...
Read More »Wells Fargo Settles Allegations of Fraud for $2.09B
Wells Fargo Bank—a subsidiary of Wells Fargo & Company—has reached a settlement with the United States, as represented by the Department of Justice (DOJ), to the total of $2.09 billion for allegations that the bank originated and sold residential mortgage ...
Read More »Home Prices Remain High, Continue Yearly Growth
Home prices continued their steady year-over-year incline in May, reaching a price growth of 6.4 percent since May 2017, according to the most recent Case-Shiller Home Price Index from CoreLogic. Despite this, hopeful homebuyers still felt a modicum of relief, ...
Read More »Which Cities Have Homeowners Struggling to Save?
A joint study by PropertyShark and RENTCafé on discretionary income took data from residents in the top 50 largest cities to determine the locales where the locals can live more lucratively. Taking median household income, home prices, and cost of ...
Read More »HUD Approves $1.5B Disaster Aid for Puerto Rico
The department has approved a plan to implement the $1.5 billion allocated to assist in Puerto Rico's infrastructure that was impacted after hurricanes Maria and Irma. Click here for the details.
Read More »Michigan Residents Get Foreclosure Relief
The Great Lake State’s housing market is feeling the smoother seas of change this month, with two major programs aimed at housing affordability taking off in its two most populous cities. From a lawsuit resulting in major foreclosure forgiveness in ...
Read More »The Week Ahead: Reflecting on Q2 and the Market
At 9 a.m. ET, Tuesday, July 31, Freddie Mac will release its Q2 2018 earnings via conference call and webcast, led by CEO Don Layton. The call will be accessible on Freddie Mac's website, as well as a press release and ...
Read More »Rising Home Values Reaching Pre-Recession Peak
For seven out of the 35 largest U.S. housing markets, home values have finally regained the value they lost during the recession, according to the latest market research by Zillow. More than 95 percent of surveyed homes are worth more ...
Read More »LoanCare Rating ‘Reaffirmed and Maintained’
LoanCare, a ServiceLink company, has announced that its rating has been reaffirmed and maintained as Above Average, both as a residential mortgage primary servicer and as a residential special servicer, from S&P Global. According to their press release, the outlook ...
Read More »Stern & Eisenberg Expands to New States
Stern & Eisenberg has announced the firm’s expansion into Tennessee and Alabama. With this expansion, Stern & Eisenberg now operates in twelve states and the District of Columbia. The firm’s other states of service are New York, New Jersey, Pennsylvania, ...
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