Since Airbnb’s launch in 2008, the home-sharing service has grown to currently include more than 2 million listings in 191 countries. Because of this, some home builders are developing new plans with the home-sharing industry in mind but for lenders, Airbnb may bring more trouble than anticipated.
Read More »OCC Hires New Deputy Chief Financial Officer
The Office of the Comptroller of the Currency (OCC) has appointed Peggy Sherry as Deputy Chief Financial Officer, according to a recent announcement from the OCC.
Read More »Goldman Sachs Re-configures Employee Compliance Program
The Federal Reserve Board ordered Goldman Sachs Group to pay a civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use of confidential supervisory information.
Read More »The Week Ahead: What Does Q2 Hold For Walter Investment?
With Walter Investment Management Corp.taking a loss during Q1 and both Ocwen Financial Corp. and Nationstar Mortgage Holdings reporting net losses for Q2, all eyes will fall on Walter to see what their Q2 earnings report holds.
Read More »Less Homeowner Movement Could Spell Trouble
The lessened movement in the housing market could potentially have ramifications in the future by reducing mortgage originations as well as the number of mortgages serviced and put into default.
Read More »Job Report Hits the Mark for July
Economists and analysts widely praised July’s Employment Situation from the Bureau of Labor Statistics released Friday, not just for the headline number, but also for the majority of the data contained within.
Read More »Mortgage Delinquency Climbs Higher in Q2
High mortgage delinquency rates and high mortgages in the New York region’s metro areas continued to bog down the New York Federal Reserve Bank in the second quarter.
Read More »ReverseVision Hires Director of Learning and Development
San Diego-based ReverseVision, a provider of software and technology for the reverse mortgage industry, has announced that industry educator Dan Hultquist has been hired as director of learning and development.
Read More »CFPB Unveils Updated Servicing Rules
The Consumer Financial Protection Bureau (CFPB) is scheduled to host the Industry & Servicer Training Update at the Five Star Conference & Expo on September 12, 2016 and will be the first time that the Bureau will give an in-depth, in-person training since the promulgation of the new servicing rules on Thursday.
Read More »Could Single-Family Rental Transactions Pose Minimal Credit Risk?
The number of homes removed from single-borrower single-family rental transactions has been negligible, posing minimal credit risk for these transactions, according to a recent report from Morningstar Credit Ratings, LLC.
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