Home / Journal (page 11)

Journal

Finding a Home in this Day and Age

affordability

A recent report from Trulia questions the effect of your neighbors’ age on local home price and home buying opportunities. The report states that studying the ages of the people surrounding your neighborhood—or your perspective neighborhood—can give you a sense ...

Read More »

ALAW Announces Merger With Felty and Lembright

ALAW, a creditors’ rights law firm which provides default, litigation, collection, title, and closing services to the mortgage banking industry, has announced its merger with Cleveland, Ohio based creditors’ rights law firm Felty and Lembright Co., L.P.A. Current Felty and ...

Read More »

Before the Next Disaster Strikes

After 2017, a year of natural disasters that racked up nearly $306 billion dollars in total economic losses, organizations in the mortgage and housing industry are taking heed and proceeding into the 2018 disaster season and beyond with caution and ...

Read More »

Mr. Cooper Finalizes Merger, Emerges Nominal Champion

The acquisition of Mr. Cooper (formerly Nationstar Mortgage), the Coppell, Texas-based mortgage servicing company, has completed its merger with the formerly owned Washington Mutual Bank, Seattle-based WMIH Corp. WMIH Corp. was formerly Washington Mutual Inc., the parent of Washington Mutual ...

Read More »

Recapping the Repeal of Outdated Legislation

Stern & Eisenberg, a regional firm servicing New York, New Jersey, Pennsylvania, Delaware, West Virginia, Maryland, Virginia, North Carolina, South Carolina, Georgia, Tennessee, Alabama, and the District of Columbia. A recent decision from the Maryland Court Of Appeals overruled the ...

Read More »

Fannie Mae Reaches Out to Borrowers in Wildfire Zones

The numerous California communities hit hard by recent desolating—and spreading—wildfires can get at least a semblance of relief from Fannie Mae in the form of mortgage assistance, the GSE reminded borrowers in a statement. Under the GSE’s guidelines for single-family ...

Read More »

Florida Court Deflates Balloon Payment Plan

The Southern District of Florida (Federal Bankruptcy Court) issued a memorandum opinion addressing two debtors’ proposed chapter 13 plans, both of which included a balloon payment to their respective mortgagees in the final month of the plan. In re: Dora Benedicto, and In ...

Read More »

Higher Education Costs and High Foreclosure Rates

A recent study published in Demography, a bimonthly scientific journal from the Population Association of America, analyzed the potential impact of families with children seeking higher education on the rate of foreclosures. Researchers Jacob Faber of New York University and ...

Read More »

Following Fannie and Freddie Foreclosure Findings

The Federal Housing Finance Agency has released the Foreclosure Prevention Report for May 2018, a monthly update on the foreclosure data resulting from the actions of Fannie Mae and Freddie Mac. The data reported nearly 24,211 foreclosure prevention actions completed ...

Read More »

HSBC Next to Pay Reparations for Pre-Crisis Conduct

HSBC will be paying a $765-million fine to the Department of Justice, as representative of the United States, over its contributions from the bank that lead up to the 2008 housing and financial crisis. The details of the settlement were ...

Read More »

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.