Home / Author Archives: Staff Writer (page 14)

Author Archives: Staff Writer

RedVision Welcomes New VP of Operations

RedVision is under new leadership. Industry veteran Tim Padgett joins the title and real property research company, overseeing internal operations. Padgett’s experience will bring valuable input to the table.

Read More »

Real Matters Celebrates Significant Milestone

Recently, Real Matters’ senior management, Real Matters and its guests attended the market’s open ceremony. Directors, key stakeholders and supporters rang the opening bell of the Toronto Stock Exchange. This marked a new level of growth for the 13-year-old company.

Read More »

Five Minutes With Patrick Cox

Patrick Cox is SVP of Default Servicing at Ocwen Financial Corporation, where he is responsible for all the foreclosure and bankruptcy activities of the firm. He previously served as SVP of Default Servicing at ServiceLink LoanCare Servicing, VP of Late Stage Default and Foreclosure at HSBC Consumer and Mortgage Lending, and Manager of Operations at Global Service Centre. He holds an MBA from the University of Florida and a bachelor’s in Finance and Marketing from Florida State University.

Read More »

Counsel’s Corner: Regulatory Compliance in Today’s Technology-Inundated Mortgage Industry

Alan Weinreb, Founder of the Margolin & Weinreb Law Group, is a New York-based attorney specializing in mortgage foreclosure, bankruptcy, and REO. Weinreb represented the plaintiff in a very significant case recently, which saw a federal court hand down a decision on a traditionally state-level issue: foreclosure actions. According to Weinreb, the outcome could impact future foreclosures across the state—and the nation—for years to come.

Read More »

Spending Will Rise as Rates Drop

A new JPMorgan Chase Institute report highlights the link between interest rate changes and consumer spending for homeowners with adjustable-rate vs. fixed-rate mortgages. The study, released on Thursday, could provide valuable insight to housing policy makers regarding how their actions affect the type of mortgage a homeowner chooses as well as how they impact the consumption habits of homeowners with ARMs, compared to those with fixed rates, throughout the business cycle.

Read More »

Judge Rules with Plaintiff in Credit Suisse Suit

A federal court ruled recently that Credit Suisse misled homeowners over fees for reinstating mortgages. The Florida judge ruled that homeowners in the suit had provided adequate information that Credit Suisse’s mortgage unit violated the Fair Debt Collection Practices Act. Credit Suisse had sought a dismissal, saying the class had not made a thorough case that the bank had failed to properly disclose debts and fees.

Read More »

HouseCanary Announces Collaboration With Google

This joint effort between HouseCanary and Google will provide industry professionals with trends, insights, and indices in nearly every MSA, zip code, and block in the country today and three years into the future. HouseCanary’s proprietary datasets are exclusively available on www.housecanary.com and now available through Google.

Read More »

Financial Regulation in the Trump Era

With a new administration at the helm, everyone expects plenty of change to happen, particularly in financial regulation and the lending industry. Regulatory entities are already a high-priority focus for President Trump, most notably the Consumer Financial Protection Bureau.

Read More »

BofA Fulfills Settlement Ahead of Schedule

The implementation of the settlement was successful in directing most of the consumer relief to those who needed it the most. The majority of consumer relief came in the form of mortgage loan modifications, 53 percent of which were in areas identified by the U.S. Department of Housing and Urban Development as part of Distressed Census Tracts, or Hardest Hit Areas. The settlement agreement also provided for resources to be directed to local organizations and legal assistance programs to help stabilize neighborhoods and provide foreclosure-prevention assistance and other housing-counseling activities.

Read More »