An influential monetary policymaker said this week that it would be appropriate for the Federal Reserve to raise the federal funds target rate later this year despite declining to do so in the September meeting of the Federal Open Market ...
Read More »Assurant Mortgage Solutions Realigns Business Development, Client Relations Resources
Atlanta-based service provider for mortgage originators Assurant Mortgage Solutions has announced a realignment of its business development and client relations resources that includes naming Kelly Taylor as the leader of the newly integrated sales and account management functions. The purpose ...
Read More »Former Fannie Mae Executives Settle With SEC Over Subprime Exposure Claims
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 »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 »Law Firms Up Against Foreclosure Statute of Limitations, Maintaining a Pipeline
New and revised regulations coming from Capitol Hill are keeping mortgage lenders, servicers, and attorneys on their toes as far as compliance. How easy or difficult has it been to adjust?
Read More »More Consistency and Better Alignment Are Needed in Property Management
The former plan to engage code enforcement in order to avoid citations from the city was for servicers and field services providers to make a pitch to the city officials in which the property was located. But the cities are in a different position because revenues are down due to lower property values.
Read More »Fed Keeps Federal Funds Target Rate At Zero to 1/4 Percent
"In determining how long to maintain this target range, the Committee will assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation," the Fed said in a statement.
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