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In this exclusive interview with DS News, Director of the USC Bedrosian Center on Governance and former assistant HUD Secretary Raphael Bostic discusses HUD's new Affirmatively Furthering Fair Housing Rule and what it means for American communities.

Wallison presented a chart that compared recovery from the financial crisis of 2008 with that of previous crises and noted that from 2009 until the passage of Dodd-Frank in July 2010, economic recovery was on the same pace as previous recoveries. He contended that recovery began to slow down when Dodd-Frank was signed into law.

Green River Capital, a real estate firm that provides REO asset management, loss mitigation, valuation, collateral review, property management and a full suite of component real estate services, has announced the launch of Rental Asset Management & Performance (RAMP), a new intelligent surveillance service for single-family rental properties.

New York-based real estate capital markets solutions firm Mission Capital Advisors has announced that the Federal Deposit Insurance Corporation (FDIC) has retained the firm's Commercial Loan Sales and Trading Group as the loan sale advisor on a diverse portfolio of loans with an aggregate unpaid principal balance of $57.6 million.

The Office of the Comptroller of the Currency announced the termination of the 2011 foreclosure-related consent order for OneWest Bank, having determined that the bank has satisfied the terms of the consent order.

The Fair Housing rule was intended to ensure that every person in America has the right to fair housing, regardless of their race, color, national origin, religion, sex, disability or familial status, HUD says. The final rule aims to provide all HUD program participants with clear guidelines and data they can use to achieve those goals.

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 Daniel Callahan, a shareholder with Dallas-based firm Kessler Collins.

Single-family rentals comprise 40 percent of the rental market, nearly equal with multi-family's share (42 percent) and more than double the 2-to-4 family share (18 percent), according to CoreLogic.

During his first year as the nation's top housing official, Castro has made several policy changes with the intent of increasing opportunity for more Americans to obtain affordable, sustainable housing. Several of those changes are outlined in an announcement from HUD on Monday titled "Year of Progress: Delivering on the Promise of Opportunity."

"Affinity’s team of mortgage banking professionals brings their expertise, commitment and experience to our clients,” said Mike Zevitz, EVP of Business Development. "We are delighted to partner with such long-time supporters of the needs of the default loan services industry."