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DS News Webcast: Wednesday 4/27/2016

Foreclosure, REO, News, Webcast

In an attempt to prevent banks and other financial institutions from the excessively risky practices that led to the financial crisis and Great Recession, financial industry regulators are seeking comment on a proposed rule that would implement Section 956 of ...

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DS News Webcast: Tuesday 4/26/2016

Foreclosure, REO, News, Webcast

Speaking at a roundtable-style event in a donut shop in New Haven, Connecticut, over the weekend, Democratic presidential hopeful Hillary Clinton addressed the audience about various current hot button topics, one of which was the housing crisis. Clinton said that ...

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DS News Webcast: Monday 4/25/2016

Foreclosure, REO, News, Webcast

While the outlook for overall economic growth is darkening, the housing market is expected to keep up its momentum in 2016, according to Freddie Mac’s April 2016 Economic Outlook released on Friday. Freddie Mac downwardly revised its forecast for Q1 GDP growth ...

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DS News Webcast: Friday 4/22/2016

Foreclosure, REO, News, Webcast

Dallas, Texas-based Nationstar Mortgage was the only one out of the three largest U.S. non-bank mortgage servicers rated by Moody's to turn a profit during 2015, according to Moody’s Investors Service’s Servicer Dashboard on Thursday. Nationstar’s net income for 2015 was 43 ...

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DS News Webcast: Thursday 4/21/2016

Foreclosure, REO, News, Webcast

The final 1 billion dollars in funds under the Hardest Hit Fund has been allocated to 13 of the 19 participating HHF states, according to an announcement from the U.S. Department of Treasury on Tuesday. The states that received this round of ...

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DS News Webcast: Wednesday 4/20/2016

Foreclosure, REO, News, Webcast

The FHFA’s principal reduction program announced last week is going to affect relatively few borrowers. The program is extended to approximately 33 thousand eligible homeowners when there are approximately three million underwater borrowers nationwide. According to a report released by ...

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DS News Webcast: Tuesday 4/19/2016

Foreclosure, REO, News, Webcast

The controversial principal reduction program announced by the Federal Housing Finance Agency last week is expected to moderately increase expenses for mortgage servicers who handle delinquent Fannie Mae or Freddie Mac loans, but overall the impact of the program on ...

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DS News Webcast: Monday 4/15/2016

Foreclosure, REO, News, Webcast

The tough week for banks continued Friday as Citigroup reported a year-over-year decline in net profits of 27 percent during the first quarter in the bank’s Q1 earnings statement released Friday, from 4 point 8 billion dollars down to 3 point ...

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DS News Webcast: Friday 4/15/2016

For seriously delinquent, underwater homeowners struggling through the murky aftermath of the financial crisis, help is on the way in the form of a gift from the Federal Housing Finance Agency. Fannie Mae and Freddie Mac will soon be required ...

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DS News Webcast: Wednesday 4/13/2016

Foreclosure, REO, News, Webcast

Housing advocates and progressive groups have launched a coalition to change Agency distressed loan sales practices and require them to sell more delinquent loans to non-profits. The advocates tagged HUD’s Distressed Asset Stabilization Program a, quote, Wall Street Giveaway, close ...

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