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Commentary

CFPB Averts Costly Closing Delays with Revisions to Final Disclosure Rule

CFPB, disclosures, RESPA, TILA

After much anticipation, the Consumer Financial Protection Bureau (CFPB) issued its final rule for new integrated mortgage disclosures, combining the overlapping disclosures required by the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). The new rule will certainly change the landscape of the settlement services and mortgage lending industries as we know them.

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Welcome to the New DSNews.com

A lot has changed in past last five years. This industry has overcome some tough times, and so have the people who make it great. The new reality is one of adaptation and perseverance in the face of the unknowable ...

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Expediting the Empties

Housing and Mortgage News

  Select Print Feature, originally appeared in the May, 2013 issue of DS News Magazine. Can servicers and their partners in the field work through the many obstacles that come with fast-tracking vacant foreclosures? Several jurisdictions are considering legislation or ...

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Reflecting on Reform Legislation

Legislation, Mortgage and Compliance News

  Select Print Feature, originally appeared in the September 2013 issue of DS News Magazine.   Barney Frank served as a U.S. Congressman, representing the fourth district of Massachusetts, from 1981 to 2012 and occupied the chairman’s seat of the House Financial Services ...

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Commentary: What’s in Store for Housing in 2014, Part 2

Despite recent gains, which some of us believe are more of a mirage than an oasis, the economy still isn't creating enough good-paying full-time jobs to drive a full recovery in the housing market. At the same time, stricter lending requirements--and a lending environment likely to get more challenging before it gets easier--are the other major headwinds that could slow down housing.

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Commentary: What’s in Store for Housing in 2014, Part 1

Many economists and market observers have suggested the market is poised for continued growth as the recovery enters its third year, and there are positive elements in play that provide some reasons for optimism. Recent loan vintages continue to perform at levels better than historical norms, which has allowed the industry to work through its backlog of distressed assets; foreclosure activity is declining; and housing starts have begun to rise.

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Commentary: Looking Forward

In a commentary shared with DSNews.com, Peter Muoio, chief economist for Auction.com Research, revealed the company's predictions for 2014. Muoio says the housing recovery will get its second wind next year, the Federal Reserve's tapering of stimulus measures will extend for a longer period that most analysts are expecting, REO-to-rental will cool off, and the Canadian housing bubble will come closer to bursting.

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Commentary: Investors Still Flooding the National Housing Market

Both large institutional and smaller ""mom and pop"" investors have been very active purchasing homes at a steep discount, primarily in housing-bust markets. Industry reports attribute anywhere from 33 to 49 percent of September's home purchases to investors. Whether one-third or nearly one-half of the market, investors are the key force driving home prices, which could signal volatility in coming quarters.

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Commentary: Congress’ Deadliest Weapon? Uncertainty.

The federal government shutdown is center stage in the news and the question that is repeatedly asked is: What impact will it have on the economy? Of course, the potential economic impact will be difficult to gauge because the shutdown has stopped the flow of government data releases until the funding battle is resolved. Luckily, one key indicator remains live.

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Commentary: Same Old, Same Old

The summer is over and with it the end of re-runs of (some of) our favorite shows. There might even be some original movies, not sequels or prequels. But, there’s one more re-run we have to endure but with a new twist: Republicans in Congress balking at increasing the debt ceiling and threatening a government shutdown when the federal fiscal year ends October 1 unless and this is the twist legislation passed by the Congress and signed into law by the President is tweaked, modified, changed, delayed or otherwise abandoned .

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