Home / Featured (page 718)

Featured

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.

Read More »

Housing and Mortgage Outlook: Expect Declines in 2014

Outlook, Fitch Ratings

Following a year of fast-paced appreciation, Fitch Ratings expects home price gains to slow to a more moderate pace in 2014 in the United States, according to its Global Housing and Mortgage Outlook released Tuesday. The ratings agency also predicts mortgage volume will decline and delinquencies and shadow inventory will decrease, albeit slowly, while liquidation timelines continue to rise.

Read More »

New Lending Rules Inspire Criticism

According to the Consumer Financial Protection Bureau (CFPB), the new lending rules that went into effect on January 10 are meant to take a back-to-basics approach to mortgage lending and lower the risk of default and foreclosure among borrowers. However, many industry veterans feel the rules may hurt those they are designed to protect, primarily low income borrowers.

Read More »

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 ...

Read More »

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 ...

Read More »

Cost of Compliance: Consolidation

The default servicing space is narrowing under new legislated regulations. “The bottom line is that doing the necessary work of protecting our financial system and its customers comes with a cost.” Those words were spoken by Federal Reserve Governor Elizabeth ...

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.