Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features David Biderman, partner in Perkins Coie's San Francisco and Los Angeles offices.
Read More »Foreclosure Plaintiffs Win Against Wells Fargo
The court agreed with the borrowers that the 2013 foreclosure action by Wells Fargo is time-barred by the state’s five-year statute of limitations; however. . .
Read More »Building Better Relationships
Field services companies are using one-on-one tactics to help their vendors grow and succeed. This select print feature originally appeared in the November 2015 issue of DS News.
Read More »Consumers More Likely to Choose Non-Mortgage Debt Over Mortgages
When faced with a choice as to what type of debt they will take on, mortgage debt often loses out.
Read More »Ocwen Re-Initiates Stock Repurchase Program
In the SEC filing, Ocwen said there can be no assurance to how many shares it will repurchase at any given period under the share repurchase program, if any at all are purchased.
Read More »Two New York Senators Allocate $120K to Foreclosure Prevention
As the state of New York heads into the Thanksgiving Holiday, two local Senators are raising awareness of the ongoing foreclosure crisis in parts of the state.
Read More »HELOC Balances at Larger Banks Continue Declining Trend
While outstanding HELOC balances have plummeted nationwide since 2009, data shows for the most part they are declining only at the 20 largest financial institutions.
Read More »West Coast Cities Dominate When it Comes to Home Values
The best U.S. cities for watching home price inflation appear to be concentrated along the West Coast. In what markets are prices at an all-time high?
Read More »Wells Fargo Relocates 350 Servicing Employees
The Wells Fargo representative said servicing team members “have been informed that their work sites are being relocated from multiple locations in Charlotte to our Fort Mill servicing center early next year.”
Read More »FHFA Piloting Independent Resolution Process for Disputes Over Defective Loans
The disputes involve the FHFA requiring financial institutions to repurchase faulty mortgage loans they sold to Fannie Mae and Freddie Mac in the years leading up to the financial crisis.
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