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DS News Webcast: Wednesday 1/15/2015

Foreclosure, REO, News, Webcast

California's Department of Business Oversight is moving to halt Ocwen's operations in the state after the company failed to provide documentation about its compliance with California's Homeowner Bill of Rights. The bill prohibits certain mortgage servicing practices—such as dual-tracking—and sets in ...

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DS News Webcast: Tuesday 1/13/2015

Foreclosure, REO, News, Webcast

Loan modifications completed through the government's Home Affordable Mortgage Program have historically re-defaulted at a lower rate than proprietary loan modifications, but HAMP mods facilitated in 2014 began re-defaulting at a higher rate than those modified in the two previous ...

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DS News Webcast: Monday 1/12/2015

Foreclosure, REO, News, Webcast

The U.S. unemployment rate slipped another 0.2 percentage points in December as employers introduced 252,000 new jobs. The Bureau of Labor Statistics said Friday that the national unemployment rate was down to 5.6 percent by year-end 2014, bringing that number down to ...

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DS News Webcast: Friday 1/8/2015

Foreclosure, REO, News, Webcast

The third quarter of 2014 saw more than a quarter of a million American homes return to positive equity, leaving about one in 10 still underwater, according to CoreLogic's Q3 2014 Equity Report released Thursday. According to the company’s latest ...

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DS News Webcast: Thursday 1/8/2015

Foreclosure, REO, News, Webcast

The White House announced Wednesday that the Federal Housing Administration will reduce mortgage insurance premiums by half a percentage point down to 0.85 percent in an effort to boost U.S. homeownership. FHA raised premiums in response to its declining mortgage insurance fund, ...

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DS News Webcast: Wednesday 1/7/2015

Foreclosure, REO, News, Webcast

The new year brought with it a new mortgage servicing rights opportunity for interested buyers: a substantial GSE portfolio valued at 4.2 billion dollars in aggregate unpaid principal balance. According to MountainView Servicing Group, which is acting as facilitator for the ...

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DS News Webcast: Tuesday 1/6/2015

Foreclosure, REO, News, Webcast

The U.S. Supreme Court is scheduled to begin hearing arguments on January 21 on whether or not "disparate impact" claims are allowed under the Fair Housing Act of 1968 in the case of the Texas Department of Housing and Community Affairs v. the Inclusive ...

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DS News Webcast: Monday 1/5/2015

Fannie Mae's gross mortgage portfolio took a huge downward turn in November, while the mortgage giant's Book of Business inched upward, according to Fannie Mae's November 2014 Monthly Summary. The balance of the gross mortgage portfolio dropped from $4.36 billion in ...

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DS News Webcast: Friday 12/26/2014

Foreclosure, REO, News, Webcast

The Federal Housing Finance Agency has approved the merger application for the Federal Home Loan Banks of Des Moines and Seattle that was submitted on October 31, 2014, according to a press release. The historic voluntary merger between two FHL Banks is subject to satisfaction of specific ...

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DS News Webcast: Wednesday 12/24/2014

Both foreclosure completions and foreclosure starts on Fannie Mae and Freddie Mac loans continued their steady decline in the third quarter, according to the Federal Housing Finance Agency's Q3 Foreclosure Prevention Report released earlier this week. The GSEs completed 39,000 foreclosures in Q3, down 9 percent ...

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