Distributing Insurance Funds After a Natural Disaster
Editor's note: This story was originally featured in the January issue of DS News, out now. One of the biggest mortgage servicing issues facing lenders in Texas, Florida, California, and other states [...]
Total FHFA Prevention Actions Edge Close to 4 Million
Collectively, Fannie Mae and Freddie Mac sealed 18,034 foreclosure prevention actions back in October, bringing the combined total to 3,990,723 since the GSE conservatorships launched in September 2008, so says the Federal [...]
How Will a Government Shutdown Affect the Mortgage Industry?
The mortgage industry is likely to see some immediate and far-reaching effects if the Senate does not reach enough votes to extend the Federal Budget to February 16. The post [...]
Bank of America Posts Solid Results for Q4 2017
The bank’s pretax earnings for the year rose 17 percent as it gained market share across its businesses, but lower mortgage banking income and impact of the Tax Act decreased [...]
Mulvaney Requests Zero Funding for CFPB in Q2
The Acting Director of CFPB has told the Federal Reserve that the agency does not need new funds to operate in Q2. Find out why here... The post Mulvaney Requests [...]
Homeowner Needs After Wildfires Fall Short of Expectations
Though the wildfires in Sonoma county, California destroyed thousands of homes, displaced residents have found accommodations through their family, friends, or insurance company resulting in a low demand for government-provided [...]
Can 2017’s Mighty Construction Numbers Keep Rolling in 2018?
Housing boomed in 2017. The numbers were the best in 10 years. If you’re only looking at single-family construction. The bigger picture might not be so rosy in 2018? The [...]
Georgia Addresses Statute on Execution of Documents
Despite the passage of time, many documents important to lenders and servicers in Georgia are not being executed in accordance with the new requirement passed by the Georgia legislature in [...]
Defining Debt Collectors
Editor's note: This story was originally featured in the January issue of DS News, out now. The United States Supreme Court, in Henson v. Santander Consumer USA Inc., settled a circuit court [...]