News

Did you get many warning signs? Not really. So if the data coming in today doesn’t fit within the pessimistic paradigm created by some of the world’s leading economists, just call it a case of déjà vu, analysts with Kroll Bond Rating Agency said Wednesday.

Stewart Information Services Corp. recently announced the launch of a refined brand to support the company’s strategic growth plans and efforts to communicate its focus on operating in the true spirit of partnership.

Auction.com, a leading national online real estate marketplace headquartered in Irvine, California, has announced the hiring of Sharmila Patel as SVP of commercial real estate finance and operations.

Fifth Third made a voluntary disclosure of approximately 1,400 loans from 2003 to 2013 that the bank had certified as eligible for FHA insurance that were later found to contain material defects that would have made those loans ineligible for FHA insurance.

The event highlighted GSE reform and conservatorship, the need for more private capital in the financial system and to transfer risk away from taxpayers and GSEs, focusing on risk sharing, specifically “front-end,” which makes housing finance more sustainable.

In response to the financial crisis of 2008, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), the most sweeping and comprehensive financial services legislation since the 1930s. This select print feature appeared in the October 2015 issue of DS News.

HUD has announced the latest sale in the Distressed Asset Stabilization Program (DASP), Single Family Loan Sale 2016-1 (SFLS 2016-1) consisting of one offering date with National Pools and Neighborhood Stabilization Outcome (NSO) Pools offered on November 18, 2015.

The economy has experienced 67 straight months of private sector job growth and the unemployment rate is at its lowest level since 2008 (5.1 percent), serving as " proof that the broad-based federal response to the financial crisis was effective in stabilizing our economy and setting the table for sustainable growth," the authors said.

LRES, a nationwide REO and appraisal management company providing property valuations, asset management, HOA, and technology solutions for the mortgage industry, has named Jeanee Chapman as the company's new client relations manager.

Brock & Scott, a default servicing law firm with operations in seven states across the Southeast, has announced the expansion of its services within the state of Florida with the addition of Ron Wolfe and his team from the office of Ronald R. Wolfe & Associates.