It is now more than seven years since the housing crisis hit, and settlements over claims of selling toxic residential mortgage-backed securities are still alive and well. Who is the latest to settle?
Read More »Counsel’s Corner: It’s Not Over Yet Between Fair Housing Alliance and U.S. Bank
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Steve Dane, partner with Relman, Dane & Colfax in Toledo, Ohio.
Read More »The Week Ahead: Will the Fed Raise Rates Again So Soon?
The Federal Open Market Committee will convene for the first time in 2016 and the first time since December's historic rate hike. Will they choose to raise the federal funds target rate again?
Read More »SunTrust’s Mortgage Servicing Income Surges Amid Positive Earnings Report
Largely free from legal costs from a 2014 settlement, SunTrust reported increased earnings for both Q4 and the full year 2015.
Read More »Freddie Mac Kicks Off 2016 With Largest Ever Delinquent Loan Auction
Both GSEs have made a substantial push in the last year to follow the directive of their conservator, the Federal Housing Finance Agency, to excise NPLs and deeply delinquent loans from their residential mortgage portfolios.
Read More »Ask the Economist: What Will be the Biggest Obstacles to Homeownership This Year?
Ask the Economist is an ongoing series in which DS News talks with an economist about the most pressing issues facing the nation's housing industry and the economy. This installment features Ralph McLaughlin, Chief Economist at Trulia.
Read More »Rebound Aside, Existing-Home Still Face Near-Term Challenges
While the backlog created by TRID delays has been cleared, it may be tough to repeat 2015's existing-home sales numbers in 2016.
Read More »Foreclosure Inventory Ends 2015 On Rapid Decline
Total non-current inventory dropped to its lowest level since June 2007.
Read More »New FDIC Rule on Extended Exam Cycle Eases Banks’ Regulatory Burden
The rule will affect more than 600 financial institutions.
Read More »Counsel’s Corner: Diversification is Key for Default Servicing Firms
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Mike Barker, Managing Partner at Quintairos, Prieto, Wood & Boyer.
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