By Ed Delgado, President & CEO, Five Star Institute Today, the eyes of the industry will be on Capitol Hill as Brian D. Montgomery fields questions from the Senate Committee on Banking, Housing, and Urban Affairs pertaining to his nomination ...
Read More »Trustees Triumph
With its recent decision, the Ninth Circuit Court has barred claims against trustees in certain situations. Could it help keep future frivolous lawsuits at bay?
Read More »Razor Thin Vote on CFPB Arbitration Rule Stirs Reaction
On Tuesday evening the Senate repealed the arbitration rule with by narrow 51-50 that required Vice President Mike Pence to cast the tie-breaking vote. Since that time, a flurry of reaction has come in …
Read More »At Your Service
Editor's note: This feature first appeared in the October issue of DS News, available now. A co-worker recently told me about a bad experience he had with mortgage servicers. The company, which had previously serviced his mortgage, transferred servicing to ...
Read More »Foreclosure Distress to Impact Political Views?
New research from Arizona State University (ASU) reports that the foreclosure crisis in the metro area of Phoenix, Arizona may have caused a shift in the population’s political views. On Monday, Arizona Central news released an article discussing the soon-to-be-released ...
Read More »HUD Secretary to Work on Big Banks’ Lending Practices
Secretary of the U.S. Department of Housing and Urban Development Ben Carson said in a speech on Monday that he promises to help big banks get more comfortable about financing lower-income borrowers, without fear of being penalized from mortgage lending errors.
Read More »Metro-West Appoints VP of Appraiser Advancement
Independent appraisal firm, Metro-West Appraisal Co. LLC announced the promotion of Michael Shores to VP of Appraiser Advancement.
Read More »LoanScorecard Hires New Managing Director of Capital Markets
LoanScorecard announced that Gerald Casey has joined the company as Managing Director, Capital Markets.
Read More »Market Update: Existing Home Sales
The National Association of Realtors (NAR) recently released its Existing Home Sales report—discovering that despite three straight months of home sales declining, September sales showed a small incline. Amidst the ongoing narrative of supply shortages, the report found that total ...
Read More »Lehman Brothers Holdings Face Trustees Claims
Lehman Brothers Holdings Inc. defended against allegations last week from the residential mortgage-backed securities (RMBS) trustees—as the trustees questioned the bank on the value of the claims submitted during the financial crisis in 2008, according to pretrial briefs in an ...
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