The Commission's lawsuit claimed that during the years 2007 and 2008 immediately before the crisis, Fannie Mae executives said their exposure to subprime and riskier mortgage loans was about $4.8 billion when it was about 10 times greater.
Read More »Two Single-Family Rental Giants Agree to Merge
The combined company, which will be managed internationally, is expected to own and manage more than 30,000 single-family homes nationwide and have an asset value of about $7.7 billion when the transaction closes, according to the announcement.
Read More »Five Star Celebrates Achievements of Women in Housing
The honorable Sheila C. Bair, chairman of the Federal Deposit Insurance Corp., wrapped up the panel of distinguished ladies with a reflection of her path to her current position and most recent position as President of Washington College.
Read More »How is the Industry Coping with the Rapidly Declining REO Inventory?
At the REO Lab at the 2015 Five Star Conference and Expo on Friday in Dallas, industry experts discussed how to get ahead and stay informed and equipped to take on the new REO marketplace.
Read More »Collaboration Between Auction Companies and Agents is Crucial for Success
What was once an extremely acrimonious relationship is getting better all the time. According to a panel of experts at the REO lab at the 2015 Five Star Conference and Expo Friday, real estate agents and real estate auction companies are learning that a harmonious collaboration is the best solution for all parties involved.
Read More »House Committee Finds That Americans Are Less Free as a Result of Dodd-Frank
The hearing, titled "The Dodd-Frank Act Five Years Later: Are We More Free?" was the third in a series of hearings examining the impact of the controversial legislation on the prosperity, freedom, and financial stability of American consumers.
Read More »With TRID Looming, Compliance in Housing is More Critical Than Ever
With the CFPB prepping to unleash the highly-anticipated TILA-RESPA Integrated Disclosure rule in two weeks on October 3, the industry is about to be hit with more changes that must be met with compliance.
Read More »Servicing is More Complex Than Ever With Constantly Changing Rules and Policies
As the practice of mortgage servicing continues to undergo sweeping changes—from SPOC to consent orders and everything in between—servicing finds itself in a near constant state of evolution, mired with rules and policy that make today’s practice more complex than ever.
Read More »Five Star, Auction.com, Operation Homefront Honor Veterans With Mortgage-Free Homes
Five Star has partnered with various non-profit organizations over the last five years to provide approximately $4 million worth of homes to service members. Auction.com CEO Tim Morse and Operation Homefront President and CEO John I. Pray were on hand for Thursday's presentations.
Read More »Knowledge is Key for Investors to Capitalize on Opportunities
Industry panelists from a number of companies came together in the lab to talk about regulation, non-depository lending, mortgage servicing rights, and REO to loan products in the three and a half hour lab.
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