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Journal

CFPB Asked to Repeal Mortgage Servicing Amendments

A group of a half dozen trade associations recently sent a letter to Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau. The letter raises objections over 2016 amendments to the CFPB’s  2013 RESPA and TILA Mortgage Servicer Rule, ...

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Early-Stage Mortgage Delinquencies Dropped in Q4 2017

According to the MBA’s Fourth Quarter 2017 National Delinquency Survey, general downward trends for mortgage delinquencies continued as 2017 wrapped up, even after the impact of a historically damaging hurricane season. "The 30-day delinquency rate actually dropped by 15 basis ...

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New York Buys Distressed Mortgages to Fight Zombie Homes

New York Gov. Andrew Cuomo has announced that the state, working through its Community Restoration Fund, has purchased 172 distressed mortgages in high-foreclosure areas, hoping to help keep the homeowners in their homes and avoid letting more abandoned properties fill ...

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“No Further”: CFPB Plan Limits Bureau’s Mission

4:51 p.m. CST // On Monday afternoon, the Consumer Financial Protection Bureau officially released its strategic plan for fiscal years 2018 - 2022, confirming a shift away from enforcement that had been rumored by alleged internal memos earlier during the day. In ...

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Safeguard Properties Launches Next-Generation Multimedia Application

Safeguard Properties is launching its next-generation multimedia Photo Direct application, introducing the use of panoramic photos, video, and audio to property preservation work in the field. The company unveiled the enhancements at the 2018 Mortgage Bankers Association (MBA) National Mortgage Servicing ...

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Weathering the Next Storm in REO

It wasn’t the perfect storm, but more like a perfect series of storms: Harvey, Irma, and Maria all hit in swift succession. And while 2017 didn’t set the record for the number of 1,000-year storms (there were six in 2016), ...

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Collingwood Webinar Breaks Down 2018 Mortgage Trends

On Friday, February 9, MountainView Financial Solutions presented its monthly mortgage servicing rights (MSR) seminar, featuring Tim Rood, Chairman of The Collingwood Group, LLC. Rood presented a webinar entitled “Rightsizing Your Mortgage Business for 2018: Planning for the Uncertainties.” If ...

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Foreclosure Starts Continue to Dwindle

mortgage loans performance

Existing home sales declined slightly in January 2018, according to the LegalShield Law Index, a collection of five indices tracking multiple key economic indicators published monthly by LegalShield, an online membership-based provider of legal services. Meanwhile, LegalShield reports foreclosure starts ...

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Housing Sentiment Hits All-Time High

Fannie Mae has released the latest installment of its monthly Home Purchase Sentiment Index (HPSI), with the Index rising 3.7 points in January 2018 to hit an all-time survey high of 89.5. The HPSI is also up 6.8 points year-over-year. ...

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David Stevens Says Farewell

With the National Mortgage Servicing Conference and Expo 2018 unfolding this week in Grapevine, Texas, DS News has been on the scene, speaking with some of the industry’s biggest names and power players. During the event, DS News spoke on ...

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