Publication: DSNews.com

First reported 54 mins ago - Updated 54 mins ago - 1 reports

DS News Webcast: Wednesday 10/22/2014

[embedded content]Federal regulators announced on Tuesday they have finalized a rule establishing a risk retention framework for mortgage lenders securitizing and selling loans. The so-called qualified residential mortgage rule, which was put up for consideration ... [Published DSNews.com - 54 mins ago]
First reported 5 hours ago - Updated 5 hours ago - 1 reports

Castro Outlines HUD’s ‘Blueprint for Access’

U.S. Department of Housing and Urban Development ( HUD ) Secretary Julián Castro announced in a speech on Monday the points of HUD's "Blueprint for Access" meant to ease the risk of lenders while expanding credit."It’s in our entire nation’s interest ... [Published DSNews.com - 5 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 1 reports

‘King of Foreclosures’ Arrested, Charged with Bankruptcy Fraud

A Wisconsin man once known as the "king of foreclosures" and his adult son were arrested at their home Monday and charged with bank fraud and bankruptcy fraud.Todd Brunner, 57, and his son, Shawn, 24, were arrested in their Pewaukee, Wisconsin, home Monday ... [Published DSNews.com - 5 hours ago]
First reported 6 hours ago - Updated 6 hours ago - 1 reports

Foreclosure Activity Way Down in New Mexico for Q3, September

Foreclosure activity plummeted in New Mexico both in the third quarter and in September, according to RealtyTrac 's Q3 2014 Foreclosure Report recently released.The state called the "Land of Enchantment" reported 1,177 foreclosure filings (which include ... [Published DSNews.com - 6 hours ago]
First reported Oct 21 2014 - Updated 9 hours ago - 1 reports

DS News Webcast: Monday 10/20/2014

[embedded content]The Consumer Financial Protection Bureau on Monday announced the finalization of a rule proposed in May that would allow companies that limit consumer data-sharing to post privacy notices online instead of delivering them individually. ... [Published DSNews.com - Oct 21 2014]
First reported Oct 21 2014 - Updated 9 hours ago - 1 reports

FHFA Director Watt Wants to Expand Credit Availability, Manage Risk to GSEs

The Federal Housing Finance Administration ( FHFA ) is working to expand availability for mortgage credit in an attempt to give the housing market a lift, and is also working on ways to mitigate risk to GSEs Fannie Mae and Freddie Mac , FHFA director ... [Published DSNews.com - Oct 21 2014]
First reported 11 hours ago - Updated 11 hours ago - 1 reports

The Wolf Firm Adds Five Attorneys

The Wolf Firm , an Irvine, California-based financial services law firm, announced recently the addition of several new attorneys (alphabetically): Mark T. Domeyer, Robert J. Jackson, Scott J. Jackson, Parnaz Parto, and Sonia A. Plesset.Mark Domeyer, ... [Published DSNews.com - 11 hours ago]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

Former Alabama Bank Manager Sentenced for Fraud

A former branch manager of an Alabama bank that received assistance through the government's Troubled Asset Relief Program ( TARP ) was sentenced after pleading guilty to fraud, Special Inspector General for TARP ( SIGTARP ) announced recently.Phillip ... [Published DSNews.com - Oct 20 2014]
First reported Oct 18 2014 - Updated Oct 18 2014 - 1 reports

Maryland Foreclosure Activity Jumps in Q3

Maryland saw a spike in foreclosure activity in the third quarter that gave it the second highest foreclosure rate in the nation behind only Florida, according to RealtyTrac 's Third Quarter 2014 Foreclosure Report released earlier this week.One in every ... [Published DSNews.com - Oct 18 2014]
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

DhanInfo Expands to Meet Growing Property Preservation Outsourcing Demand

India-based IT company DhanInfo has recently expanded to meet the mortgage industry's growing demand for reputable, reliable, and accurate property preservation and data processing outsourcing.DhanInfo, which was founded in 2007 by entrepreneurs Sarvesh ... [Published DSNews.com - Oct 17 2014]
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

Report: GSEs Close to Reaching Agreement With Lenders to Minimize Repurchase Risk

Fannie Mae , Freddie Mac , and the Federal Housing Finance Agency (FHFA) are reportedly close to reaching an agreement to make sure lenders can be assured they're not at risk of repurchase requests, a move that supporters hope will help jumpstart flagging ... [Published DSNews.com - Oct 17 2014]
First reported Oct 15 2014 - Updated Oct 16 2014 - 2 reports

DS News Webcast: Thursday 10/16/2014

[embedded content]Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, inched upward nationwide in the third quarter despite dropping to their lowest level in eight years in September, according to RealtyTrac's ... [Published DSNews.com - Oct 16 2014]

Quotes

...this by focusing on a lender’s performance compared to those also doing business in the credit score range that FHA is targeting," Castro said. "We’re finalizing this work and expect it to be available early next year. This will minimize the 'Credit Watch Termination' risk for lenders moving to support credit-worthy borrowers with lower credit scores when their peers do not."
...a central role in the overall housing market, and the work you do touches borrowers in communities across the country," Watt said in his speech. "You help individuals and families become homeowners.  For many of them, this is the single largest investment they will ever make.  To fulfill both sides of our shared responsibility, I hope our actions provide sufficient certainty to enable your companies to reassess existing credit overlays and more aggressively make responsible loans available to creditworthy borrowers.  This will result in a housing market that is not only better for borrowers, but also better for the Enterprises and lenders and beneficial to our country."
...had been bailed out by taxpayers through TARP and which later failed, paid for his narcotics using bank dollars," said Christy Romero, SIGTARP. "In exchange for his narcotics, Owen approved bank loans knowing that customers had falsified the loan applications, and he often inflated the loans beyond the value of the underlying collateral. Owen’s fraud caused the bank to suffer more than $217,000 in bank losses. TARP was designed to stabilize banks and our financial system during a time of crisis, not to finance crime. SIGTARP and our law enforcement partners will track down those guilty of exploiting taxpayers’ TARP investments and ensure that justice is served for their crimes."
"Maintaining a strong presence at events such as these is critical to our business strategy," Sarvesh said. "While our work is conducted remotely, it is our aim to connect face to face with our customers to explain what we do and how we can help them meet their needs efficiently, effectively and with expertise."

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sort by: Date | Relevance
DS News Webcast: Wednesday 10/22/2014 [Published DSNews.com - 54 mins ago]
Castro Outlines HUD’s ‘Blueprint for Access’ [Published DSNews.com - 5 hours ago]
‘King of Foreclosures’ Arrested, Charged with B... [Published DSNews.com - 5 hours ago]
Foreclosure Activity Way Down in New Mexico for... [Published DSNews.com - 6 hours ago]
The Wolf Firm Adds Five Attorneys [Published DSNews.com - 11 hours ago]
DS News Webcast: Monday 10/20/2014 [Published DSNews.com - Oct 21 2014]
FHFA Director Watt Wants to Expand Credit Avail... [Published DSNews.com - Oct 21 2014]
Former Alabama Bank Manager Sentenced for Fraud [Published DSNews.com - Oct 20 2014]
Maryland Foreclosure Activity Jumps in Q3 [Published DSNews.com - Oct 18 2014]
Report: GSEs Close to Reaching Agreement With L... [Published DSNews.com - Oct 17 2014]
DhanInfo Expands to Meet Growing Property Prese... [Published DSNews.com - Oct 17 2014]
Survey: 87 Percent of U.S. Homes are Occupied [Published DSNews.com - Oct 17 2014]
Morgan Stanley Reports Substantial Gains in Q3 [Published DSNews.com - Oct 17 2014]
White Paper Discusses Challenges Facing Mortgag... [Published DSNews.com - Oct 17 2014]
DS News Webcast: Friday 10/17/2014 [Published DSNews.com - Oct 17 2014]
Michigan County Launches Aggressive Foreclosure... [Published DSNews.com - Oct 16 2014]
Goldman Sachs Reports Spikes in Net Earnings, N... [Published DSNews.com - Oct 16 2014]
DS News Webcast: Thursday 10/16/2014 [Published DSNews.com - Oct 16 2014]
Foreclosures Rise in Q3 Despite Falling to Eigh... [Published DSNews.com - Oct 16 2014]
Study Shows 26 Percent Jump in Banks’ Complianc... [Published DSNews.com - Oct 15 2014]
Most Fed Districts Report ‘Modest’ to ‘Moderate... [Published DSNews.com - Oct 15 2014]
Lenders Appeal Nevada Court Decision Allowing H... [Published DSNews.com - Oct 15 2014]
DS News Webcast: Wednesday 10/15/2014 [Published DSNews.com - Oct 15 2014]
RRMS Reviving Private Loan Securitization Market [Published DSNews.com - Oct 15 2014]
Shapiro & Ingle Adds Bankruptcy Litigation Depa... [Published DSNews.com - Oct 15 2014]
Study: 52 Percent of County Housing Markets ‘Be... [Published DSNews.com - Oct 14 2014]
Zombie Foreclosures Result in Millions of Delin... [Published DSNews.com - Oct 13 2014]
Investors Shore Up Stock in GSEs [Published DSNews.com - Oct 13 2014]
Report: Tampa Area Accounts for 3.3 Percent of ... [Published DSNews.com - Oct 13 2014]
Job Openings at Highest Level Since 2001 [Published DSNews.com - Oct 13 2014]
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