Working at the Speed of Necessity
Editor's note: This story originally appeared in the October edition of DSNews, out now. There is nothing like a pandemic and life-and-death consequences to accelerate innovation. This is especially true in the pharmaceutical and medical field, where scientists are rushing to develop a [...]
Tracking the Week’s Forbearance Activity
After last week’s news regarding the significant drop in forbearance volumes, the market saw an uptick of 19,000 loans this week. Black Knight’s McDash Flash Forbearance Tracker shows that though [...]
Is COVID-19 Really Causing Migration to Suburbs?
Reports that COVID-19 is causing a migration from urban centers to suburbs abound, but are those stories entirely accurate? First American Chief Economist Mark Fleming recently revealed his insights regarding [...]
FHFA Releases Mortgage Relief Data for July
Since 2008, when they entered FHFA conservatorship, Fannie Mae and Freddie Mac have completed a total of 4,916,088 foreclosure prevention actions. The FHFA this week published its latest numbers, which [...]
Gary Keller steps down as KW CEO
Austin, Texas-based Keller Williams (KW) has reorganized itself, executives say, by creating a new holding company structure. Effective immediately, Gary Keller has stepped down from his role as CEO. As [...]
Banks Report: ‘Better-Than-Expected’ Q3 Results
The major banks this week reported Q3 returns. For top three U.S. banks—Bank of America, Wells Fargo, and Goldman Sachs—NASDAQ summarized that " results were notably better than expected" but [...]
Resurrecting Zombie Homes
This story originally appeared in the October edition of DSNews, out now. A solid economic recovery and red-hot housing market helped drive the vacant “zombie” foreclosure rate to new lows in the [...]
What Happens When Forbearance Programs Expire?
Moratoria and the CARES Act have effectively halted foreclosure activity—those filings are at an all-time low—but the numbers "are artificially low," analysts say. Some predict a significant "burst" once government programs [...]
Under Trump or Biden, GSE Reform Path is ‘Uncertain’
In September 2019, President Donald Trump and his administration initiated a process whereby Fannie Mae and Freddie Mac would exit conservatorship. Former Freddie Mac CEO Don Layton, now a Senior [...]