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Author Archives: Rachel Williams

Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at Rachel.Williams@DNews.com.

Ask the Economist: Frank Nothaft

DS News sat down this Frank Nothaft, Chief Economist at CoreLogic to talk economics, health of the housing market, and growth. Editor’s Note: This special feature first appeared in the July issue of DS News, available now.

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Industry Group Appoints REO Leadership

The Federation of REO Certified Experts—or FORCE, for short—has appointed new leaders to its Advisory Council. Among those named were Hugh Morrow of RE/MAX Preferred in Birmingham, Alabama; Tara Nagelhout of Emerald Valley Real Estate in Eugene, Oregon; Steve Pagano of Coldwell Banker in Huntington Station, New York; Terry Rasner-Yacenda of Reno Tahoe Realty Group in Reno, Nevada; and Dick Thackston of R.H. Thackston & Company in Winchester, New Hampshire. Nancy Braun of Showcase Realty was named Chairperson.

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Mortgage Default Risk is on the Rise

On Thursday, VantageScore Solutions, LLC and TransUnion released the VantageScore Default Risk Index (DRI) for Q4 2016. According to the DRI, when it comes to default risk, mortgages pose a lower threat than auto loans, student loans, and bankcards with the DRI for these four categories came in at 85.4 (mortgage) , 89.3 (auto), 90.0 (student loans), and 96.8 (bankcards) respectively. Despite the lower default risk compared to other debt categories, mortgage risk is up quarter-over-quarter.

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Hensarling Pushes Through Financial CHOICE Act

Despite a contentious hearing earlier this week, today, the House Financial Services Committee voted to advance H.R. 10, or the Financial CHOICE Act, to a full House vote. The CHOICE Act, which was proposed by Rep. Jeb Hensarling (R-Texas) as a replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act. Today's vote followed party lines, with the final vote coming down to 34 to 26.

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LRES Appoints Chief Strategy Officer

Orange County, California-based LRES has named Mark R. Johnson as Chief Strategy Officer. LRES provides residential and commercial mortgage services including valuations, REO asset management, and HOA and technology solutions.

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The Hunoval Law Firm to Join the BP Law Group Family

Plutos Sama, LLC has entered in to negotiations to acquire the Hunoval Law Firm, PLLC, which provides default legal services in North Carolina, South Carolina, and Virginia. According to a recent statement, when the acquisition is completed the Hunoval Law Firm will be merged into the BP Law Group family, under the name BP Hunoval Law Group.

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SingleSource Names Director of Staff Appraiser Operations

SingleSource is welcoming Rudy Dombrowski as Director of Staff Appraiser Operations. SingleSource is a provider of valuation, REO asset management, property preservation, document management, title, and settlement services nationwide and in Puerto Rico, the U.S. Virgin Islands, and Guam.

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