A new study, commissioned by HomeServices of America, outlines how changes to how real estate agent commissions are paid could negatively impact minority, first-time, and low-income homebuyers.
Read More »Another Look at GSE Credit Score Models
What are the four steps proposed by the FHFA to validate and approve the credit score models used by Fannie Mae and Freddie Mac?
Read More »The Rocky Road to Fee Recovery
A Court of Appeal has limited the lender’s right to recover attorney’s fees after successfully defending against borrower lawsuits challenging a foreclosure. That means a victory in court could still prove costly. Editor’s Note: This feature originally appeared in the November issue of DS News, out now.
Read More »Castle Law Defendants Awarded $1.9M in Legal Fees
Discussing his clients’ victory, Larry Pozner, the lead defense attorney in the case, said, “How dare the state tell a law firm what quality it must hire or what sacrifices it should make to please the state. The clients were satisfied with the services they were receiving.”
Read More »Are New Recording Fees Solving California’s Housing Issue?
A California Bill intended to help build low-income homes is doing so on the back of borrower’s facing foreclosure. Here’s how.
Read More »Cost of Compliance: Community-Based Mortgage Servicing
New regulations have the propensity to transform the mortgage industry into a system where servicers deliver, regulators protect, and consumers trust again. The Consumer Financial Protection Bureau’s (CFPB) mortgage servicing regulations aim to do just that—get delinquent borrowers into loan modification plans and establish effective communication channels between the servicer and borrower to ultimately protect them from foreclosure.
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