At this year’s Five Star Conference in Dallas, hundreds of default servicing and property management professionals attended various educational Labs geared toward enhancing their knowledge base after a year of rapid change.
Read More »Fannie Mae Underwriting Changes Work to Bridge Homeownership Gap
Fannie Mae will begin to account for rental payments in its underwriting decision-making process in an effort to offset an imbalance in homeownership.
Read More »Black Knight Announces U.S. Bank Implementation
Black Knight, Inc. recently announced that U.S. Bank, the fifth largest commercial bank in the United States, will implement Empower, Black Knight’s loan origination system (LOS), to manage loans purchased via its correspondent and HFA lending channels.
Read More »U.S. Bank Sues Bank of America Over RMBS Issues
The suit ties back to $2 billion in defective residential mortgage-backed securities sold by BofA predecessor company First Franklin Financial Corp amidst the 2008 financial crisis.
Read More »State of the Foreclosure Market
Here’s what an OCC report on the disclosure of mortgage loan data of some of the largest banks in the U.S. revealed about the number of foreclosures initiated by them.
Read More »Working Together
Since sponsoring Habitat for Humanity in 2016, Altisource has been connecting with local habitat affiliates across the country. Saturday, July 22, along with representation from Fannie Mae and U.S. Bank, they helped build a home alongside the soon-to-be homeowners to plant roots for generations to come.
Read More »Opened and Closed . . . And Opened Again
A handful of banks may find old cases revived in the near future, after a recent U.S. District court ruling. Will the FDIC take action?
Read More »Banks Report Solid Mortgage Activity in Q2
As demand for mortgage loans rises and underwriting standards slowly ease, many banks reported increasing mortgage activity in their Q2 earnings reports.
Read More »Third Circuit Court Hands U.S. Bank a Victory
Why did a federal appellate court rule in favor of U.S. Bank in a case where a homeowner was trying to get his foreclosure dismissed?
Read More »OCC Removes Servicing Restrictions from U.S. Bank, Santander—For a Price
The Office of the Comptroller of the Currency removed restrictions from two more banks, but the banks will also be paying a hefty penalty.
Read More »