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Story Crawl

Slashing Through the Servicing Jungle

Default servicing costs have skyrocketed over the past decade, leaving servicers lost in a jungle filled with compliance overhead, complicated investor rules, and unfair penalties. Editor’s Note: This feature appeared in the November issue of DS News.

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Rebuilding Paradise

More than a year after Hurricane Maria made landfall in Puerto Rico, the island faces many challenges along the road to recovery. DS News spoke to industry leaders working to facilitate that process. Editor’s Note: This feature originally appeared in the November issue of DS News.

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Secretary of Treasury: A History

Secretary of Treasury Steven Mnuchin has had quite a career before taking on his role in President Trump’s cabinet. Take a look at where he's been, and what could possibly be in his future in this Video Spotlight.

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Fraud Watch

Like a tornado watch, CoreLogic's National Fraud Risk Index showing new highs doesn't necessarily mean there is more fraud, however it does mean the conditions are right for fraud to grow. Take a look at what the new fraud schemes are and what old scheme is returning in the Video Spotlight.

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Protection for Veterans

Senator Blumenthal (D-Connecticut) recently supported a law that was put into place offering veterans facing foreclosure a one-year moratorium under particular conditions, but the outpouring of encouragement from local veterans has moved him to consider drafting a new measure.

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Carrington Names Branch Manager for Illinois Office

Carrington Mortgage Services, LLC appointed Ed Ciemny to lead its office in Oak Brook, Illinois, the company announced. As branch manager, Ciemny's focus will be on directing the company's growth in Northwest Illinois as well as providing expanded offerings and faster turn times to meet demand in the Chicagoland area. Before being named to take over the Oak Brook branch, Ciemny served as Midwest Sales Manager for Carrington.

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Weichert, Realtors Names Co-President

James Weichert Jr., son of Weichert, Realtors president and founder Jim Weichert, is moving up in the family business, the company announced. Working alongside his father as co-president, James will be responsible for growing the firm’s business while providing its customers with “an exceptional, full-service experience through Weichert’s mortgage, title and insurance companies,” Weichert, Realtors said in a release.

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Homeowners, Buyers Maintain High Hopes in Survey

A recent survey from LendingTree shows the majority of current and potential homeowners have a bright outlook on the nation's housing market and economy for 2014—which may translate to a more active market. According to the findings, more than two-thirds—69 percent—of respondents have a positive outlook on housing this year, and 71 percent of current homeowners are thinking of selling their homes if trends remain positive.

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Recovery Expected to Enter ‘Middle Innings’ in 2014

home prices

While the housing market is still far from “normal,” it is inching that way, according to a report released Thursday from Zillow. Last year’s skyrocketing home price appreciation, frenzied demand from investors, and high tide of negative equity are all expected to subside somewhat this year, according to the real estate company. A number of unsettling trends started to emerge as a result of rapid and ultimately unsustainable appreciation last year, according to Zillow, but markets that posted the highest price gains in 2013 are already slowing.

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