Fannie Mae Gross Mortgage Portfolio Continues Strong
Fannie Mae's April monthly summary was recently released showing slight growth for the month. Though temporarily, their Gross Mortgage portfolio increased at a compound annualized rate of 52.5 percent. Conversely, [...]
Industry Group Takes Step Toward Diversity
Thanks to one of REO’s biggest professional groups, the mortgage industry has taken a significant step in diversity and inclusion. The Federation of REO Certified Experts announced the launch of [...]
Perfect Practice, Affinity Consulting Partner for Streamlined Offerings
Perfect Practice, an Orlando, Florida-based provider of legal management services technology, announced this week a partnership with Affinity Consulting Group, which offers technology and management solutions for law firms and [...]
Pennsylvania Appellate Court Rules that State Attorney General Cannot Seek Restitution Under State UDAP Statute
By Stephen M. Hladik, Esq. and Douglas Sullivan, Esq., Hladik, Onorato & Federman, LLP. In a major decision, the Pennsylvania Commonwealth Court ruled that the Attorney General cannot seek the [...]
SCOTUS Rules that Fair Debt Practices Act Does Not Apply to Time-Barred Proofs of Claims Filed in Bankruptcy Cases
By Jason K. Wright, Weltman, Weinberg & Reis On May 15, 2017, the Supreme Court of the United States (SCOTUS) issued a decision in Midland Funding, LLC v. Johnson, ruling that [...]
Under the Microscope – How Effective are QM Rules?
Nearly a decade after the housing crisis in 2008 and the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, the Consumer Financial Protection Bureau will [...]
Credit Risk Transfers: Hot Topic of 2017
Semper Capitol, a independent investment management firm, believes that the Credit Risk Transfer market continues to be a compelling investment vehicle. Following the mortgage crisis, the Federal Housing Finance Agency [...]
Carson: The Right Mindset Can Overcome
According to HUD Secretary Ben Carson, with “the right mindset,” many of the low-income citizens using his department’s services could cease to need them. Carson said as much in a [...]
Mortgage Interest on the Decline for Second Straight Month
The Federal Housing Finance Agency has conducted its monthly interest rate survey for 4,437 loans closed during the last five business days in April across 17 lenders, and has reported [...]