Publication: DSNews.com

First reported 6 hours ago - Updated 6 hours ago - 1 reports

DS News Webcast: Friday 8/29/2014

[embedded content]Fewer charge-offs for mortgages have resulted in the smallest losses for banks on loans since before the recession, according to the Federal Deposit Insurance Corporation's Quarterly Banking Report for the second quarter of 2014 released ... [Published DSNews.com - 6 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

Michigan-Based Bank Discussing Settlement With CFPB

Flagstar Bancorp, Inc.  announced earlier this week that it has filed a Form 8-K with the U.S. Securities and Exchange Commission ( SEC ) in order to notify its investors that the bank is currently trying to work out a settlement with the Consumer Financial ... [Published DSNews.com - 10 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

Drop In Mortgage Loan Charge-Offs Leads to Smaller Losses for Banks

Fewer charge-offs for mortgages have resulted in the smallest losses for banks on loans since before the recession, according to the Federal Deposit Insurance Corp. 's Quarterly Banking Report for Q2 2014 released on August 28.A "charge-off" means the ... [Published DSNews.com - 10 hours ago]
First reported Aug 28 2014 - Updated 13 hours ago - 1 reports

Report: Annual Rate of Home Sales Falling

The nationwide annual rate of the sale of residential properties, which include single family homes, condominiums, and town homes, declined by 3 percent month-over-month and 12 percent year-over-year in July, according to RealtyTrac 's July 2014 U.S Residential ... [Published DSNews.com - Aug 28 2014]
First reported 16 hours ago - Updated 14 hours ago - 1 reports

HED: Influential Leader in Housing Shines Light on Servicing

The 2014 Five Star Conference and Expo will feature an important industry event hosted by Brian Montgomery, former FHA commissioner and current chairman of the Collingwood Group , a Washington, D.C.-based mortgage lending business advisory firm."We are ... [Published DSNews.com - 16 hours ago]
First reported Aug 27 2014 - Updated Aug 28 2014 - 2 reports

DS News Webcast: Thursday 8/28/2014

[embedded content]Foreclosure activity was down all over the nation in July, particularly in the area of foreclosure inventory – homes that are in any stage of the foreclosure process – where there was a 34.4 percent drop from July 2013, according to CoreLogic's ... [Published DSNews.com - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Pennsylvania Not Quite Ready for Housing Market Rebound

Minimal employment growth and weak demographics in Pennsylvania have economists convinced that the state's housing market is not quite on the road to recovery, according to a special commentary released by Wells Fargo  Economics Group on August 26.Pennsylvania's ... [Published DSNews.com - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Housing Market Slow But On Its Way to Recovery in Colorado

Though the economy in Colorado is among the best of any state in the country, the housing market recovery in the state has been slow, according to a special commentary released by Wells Fargo Economics Group. The commentary indicates that there is cause ... [Published DSNews.com - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Auction.com Appoints New EVP/Chief Legal Officer

The nation's leading online real estate marketplace, Auction.com, has announced that Mindy Heppberger has been named the company's new executive vice president and chief legal officer.Heppberger's 17 years of experience include serving as vice president ... [Published DSNews.com - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

DS News Webcast: Wednesday 8/27/2014

[embedded content]The Federal Housing Administration announced earlier this week the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that changes the requirements for ... [Published DSNews.com - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

$460M Settlement Reached in NJ Court Over Faulty RMBS

Swiss-based bank Credit Suisse and New Jersey-based insurance company Prudential agreed on a $460 million settlement over a lawsuit filed by Prudential alleging that the bank had sold fraudulent residential mortgage-backed securities (RMBS).The settlement ... [Published DSNews.com - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Report: Freddie Mac, Ginnie Mae Ignored ‘Red Flags’ in Fraud Case

A report filed last week by the Office of Inspector General of the Federal Housing Finance Agency ( FHFA ) states that Freddie Mac  and Ginnie Mae  ignored "red flags" with regards to a mortgage fraud scheme perpetrated by lenders Taylor, Bean, and Whitaker ... [Published DSNews.com - Aug 27 2014]

Quotes

...impact of regulation, compliance complexity, economics of home ownership, and what the government's role is in restoring the housing market, "I can think of no better opportunity to bring the industry together and have a strategic discussion focused on progress" Montgomery added
...of sales is tilting toward more expensive homes, boosting the nationwide median sales price," said Daren Blomquist, vice president of RealtyTrac. "The nationwide home price increase, however, masks slowing home price appreciation in the majority of housing markets across the country. This slowing appreciation was expected and provides another sign that the realreal estate recovery thus far is behaving rationally. Still, the housing market is entering a dicey transition phase where it is becoming much more reliant on first-time homebuyers and move-up buyers to sustain the recovery as investor involvement wanes."
"The stock of distressed debt continues to rapidly decline, especially in western states," said Sam Khater, deputy chief economist at CoreLogic. "The number of seriously delinquent loans fell by more than 25 percent from the prior year in 10 states and seven of those states were in the west."
"I'm thrilled to accept the position of chief legal officer and to continue to partner closely with the board and executive team,” Heppberger said. "Since joining the company in March 2013, I've been able to see firsthand how Auction.com is transforming the way real estate is transacted, and I am excited for this new opportunity to help accelerate that transformation.""

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DS News Webcast: Friday 8/29/2014 [Published DSNews.com - 6 hours ago]
Drop In Mortgage Loan Charge-Offs Leads to Smal... [Published DSNews.com - 10 hours ago]
Michigan-Based Bank Discussing Settlement With ... [Published DSNews.com - 10 hours ago]
HED: Influential Leader in Housing Shines Light... [Published DSNews.com - 16 hours ago]
DS News Webcast: Thursday 8/28/2014 [Published DSNews.com - Aug 28 2014]
Report: Annual Rate of Home Sales Falling [Published DSNews.com - Aug 28 2014]
Pennsylvania Not Quite Ready for Housing Market... [Published DSNews.com - Aug 28 2014]
Housing Market Slow But On Its Way to Recovery ... [Published DSNews.com - Aug 27 2014]
Foreclosure Inventory Down 34 Percent Year-Over... [Published DSNews.com - Aug 27 2014]
Auction.com Appoints New EVP/Chief Legal Officer [Published DSNews.com - Aug 27 2014]
DS News Webcast: Wednesday 8/27/2014 [Published DSNews.com - Aug 27 2014]
Report: Freddie Mac, Ginnie Mae Ignored ‘Red Fl... [Published DSNews.com - Aug 27 2014]
$460M Settlement Reached in NJ Court Over Fault... [Published DSNews.com - Aug 27 2014]
FHA Revises Rules Regarding Prepayments, ARMs [Published DSNews.com - Aug 26 2014]
Potestivo Promotes Julian to Foreclosure Manager [Published DSNews.com - Aug 26 2014]
Foreclosure Starts Rising, But Overall Inventor... [Published DSNews.com - Aug 26 2014]
Survey Shows QM Rule’s Impact on Lending to be ... [Published DSNews.com - Aug 26 2014]
Goldman Sachs, FHFA Agree to Multi-Billion Sett... [Published DSNews.com - Aug 25 2014]
DS News Webcast: Monday 8/25/2014 [Published DSNews.com - Aug 24 2014]
Louisiana Housing Discrimination Lawsuit Settled [Published DSNews.com - Aug 22 2014]
NC Court Issues Landmark Non-Judicial Foreclosu... [Published DSNews.com - Aug 22 2014]
Foreclosure Sales Hit Seven-Year Low in Q2 [Published DSNews.com - Aug 22 2014]
Flipped Home Sales Down in Q2 [Published DSNews.com - Aug 22 2014]
DS News Webcast: Friday 8/22/2014 [Published DSNews.com - Aug 22 2014]
U.S. Attorneys Preparing Civil Suit Against For... [Published DSNews.com - Aug 22 2014]
Obama Administration Applauds Bank of America S... [Published DSNews.com - Aug 21 2014]
Non-Foreclosure Solutions Outpace Foreclosures ... [Published DSNews.com - Aug 21 2014]
Bank of America Settles Fraud Claims for Record... [Published DSNews.com - Aug 21 2014]
DS News Webcast: Thursday 8/21/2014 [Published DSNews.com - Aug 21 2014]
Total Refi Volume Inches Upward While HARP Numb... [Published DSNews.com - Aug 21 2014]
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