Servicers, listen up: All provisions of the CFPB’s mortgage servicing final rule and interpretive rule will be published in the Federal Register on October 19th, most becoming effective 12 months after the date of publication.
Read More »Reversing the Trend: Downfall Seen in Defaults
Recent data shows drops in numerous default rates, a reverse of the trend seen last month. What factors support this decline?
Read More »MCS Announces Acquisition of Lenders Title Solutions
Mortgage Contracting Services, LLC (MCS) has announced the acquisition of Lenders Title Solutions, a national title insurance and settlement services provider based in Clearwater, Florida.
Read More »Could an Overhaul of Student Loan Programs Help Homeownership?
The CFPB recently announced a large overhaul to student loan debt programs. How could these changes get borrowers current on payments and assist in the success of other investments such as homeownership?
Read More »Goldman Sachs, Comerica Q3 Earnings Hold Mixed Results
The past three quarters of 2016 have shown the ups and downs for Goldman Sachs for earnings and overall business operations, while Comerica's earnings report show mostly positive results.
Read More »Foreclosure Rate Higher for Men vs Women
A new report from ATTOM Data Solutions shows that though men may make more money than women, women do a better job of avoiding foreclosure.
Read More »Maryland Appeals Case Upholds FDCPA
A recent case in the 4th U.S. Circuit Court of Appeals ruled that law firms retained to pursue foreclosure against homeowners are “debt collectors” under the federal Fair Debt Collection Practices Act. What does this decision mean for foreclosures proceedings in Maryland?
Read More »Deepening Roots: Homebuyers Steadily Remaining in Place Longer
What economic factors are contributing to homebuyers staying in their homes longer post-housing crisis and recession?
Read More »HUD’s Outlays Come in Lower Than Estimated
U.S. Treasury Secretary Jacob J. Lew and Office of Management and Budget Director Shaun Donovan recently released details of the fiscal year 2016 final budget results including that of HUD.
Read More »Mortgage Production Contributes to BOA’s Strong Q3 Earnings
Bank of America managed to escape the fate that befell JPMorgan Chase, Citigroup, PNC, and Wells Fargo, according to Bank of America’s third quarter earnings report released on Monday.
Read More »