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Welcome to DSNews.com—delivering stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry. Wed Mar 10, 2010
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Commercial Mortgages Performing Better than Other Loans: MBA

The magnitude of the commercial real estate (CRE) downturn is a topic of intense debate. One school of thought argues that bad CRE loans could send the nation into another tailspin recession, while others say the industry has the advantage of lessons learned from the housing crisis to successfully weather the storm.

New data from the Mortgage Bankers Association (MBA) Tuesday seems to support the latter. MBA has concluded that commercial and multifamily mortgages continue to have the lowest charge-off rates of any loan type.


Legislated Risk Retention Is No Substitute for Good Underwriting: Report

Both the House bill for financial regulatory reform and the draft Senate bill currently being debated include across-the-board risk retention provisions for home mortgages. The idea is to ensure lenders have more “skin in the game,” to prevent the risky practices that ignited the housing crisis.

But according to a new study by the Community Mortgage Banking Project, such mandated risk retention is “no substitute” for good underwriting and could significantly raise the cost of home mortgages.


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The Language of the Deal

To attract buyers, home sellers in cities throughout Florida are reducing prices by more than 10%. Read More


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Technology

In response to the new regulations under the Real Estate Settlement Procedures Act (RESPA), Advantage Title, Inc. has launched GFEz--a RESPA-compliant Good Faith Estimate (GFE) rate calculator that delivers easy online c ... read more

Loss Mitigation

National Quick Sale announced Tuesday that it has entered into a business partnership agreement with real estate and mortgage services provider Hollander Financial Holding Inc. Through this venture, National Quick Sale p ... read more

REO

Foreclosures continue to drive down home prices in hard-hit states like Michigan, but according to the auction company Hudson & Marshall of Texas, this is good news for buyers and investors looking for bargains on homes. ... read more

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