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DS5: Preparing Homeowners for the End of Forbearance

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This week’s DS5 installment features Steve Bailey, Senior Managing Director and Chief Mortgage Operations Officer for PennyMac Financial Services. He discusses how the industry is preparing for homeowners to begin coming out of forbearance, as well as what other top challenges he ...

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Freddie Mac Update: A Look at Non-Performing Loans

Reaching into its mortgage-related investments portfolio, it announced the auctioning of 2,806 non-performing residential first lien loans (NPLs), according to Freddie Mac. Specialized Loan Servicing LLC currently services the loans, with a balance of $464 million. The anticipated settlement date ...

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Mortgage Contracting Services Announces New Ownership

Lewisville, Texas-based Mortgage Contracting Services (MCS), which provides specialized services to financial institutions, announced Monday that it has completed a recapitalization of the company. The company's representatives say that, under new leadership, it will "recapitalize its balance sheet through substantial ...

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Economic Analysis Points to Recovery

As the economy continues toward recovery, albeit at a slower pace, the housing market will continue to display vibrancy amid an increase in residential construction spending, according to the latest Economic & Housing Weekly Note published by Fannie Mae. “Data ...

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Targeted Training for Brokers Announced

Carrington Mortgage Services (CMS), a large, privately held non-bank lender, recently announced specialized training for brokers, according to a press release first published on businesswire.com. Because today’s lending market is changing at such a rapid pace, CMS reports, it is ...

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