Superior Home Servies (SHS), an FHA default servicing specialist headquartered in Oakland, California, has announced the promotion of Ruth Delgado to VP of Global Operations.
Read More »Chris Christie Wants Parties to Find Common Ground on Housing Policy
Christie responded that the way to do it is to bring all the Republicans and Democrats from Congress and put them together and ask each side what it can live with and to stay together until they come up with a list of items that both sides agree on. And as president, he said, he would support the list that the sides agree on.
Read More »Household Formation Has Accelerated After Eight Years at Low Levels
The two primary drivers of household formation over time are demographic and economic factors, according to Nothaft. For example, household growth averaged about 2 percent annually from the mid-1960s until the early 1980s when baby boomers were at the prime household formation age, but household formation rates halved from 1990 until the mid-2000s when the population of those born in the 1970s, a much smaller birth cohort, reached their 20s.
Read More »Investors Are Effectively No Longer Overpaying for Assets
Investors are effectively no longer overpaying for assets in the residential housing market, according to Auction.com EVP Rick Sharga in the company’s quarterly housing update on Thursday. But for those investors paying at or close to market value for their ...
Read More »Counsel’s Corner: SFR Landlords Should Be Educated on State and Local Laws for Their Own Protection
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Puneet Singh, Partner with the Northern California offices of Kimball, Tirey and St. John.
Read More »CFPB Finalizes Requirements for Reporting Mortgage Data
The HMDA dataset has not kept pace with the mortgage market’s evolution despite being the leading source of information for the market, CFPB said; for example, the HMDA data does not include adequate information about loan features such as adjustable-rate mortgages and non-amortizing loans which helped contribute to the mortgage crisis.
Read More »Shapiro Fishman & Gache Names Dan Consuegra as a Partner
LOGS Network, an Illinois-based default management company representing the mortgage servicing and consumer credit industries, has announced that industry veteran Dan Consuegra will join Florida-based law firm Shapiro Fishman & Gache as a partner and the firm will be renamed Shapiro Fishman Consuegra & Gache.
Read More »RedVision Launches Straight-Through Processing Solution for Title Reports
RedVision, an independent provider of nationwide title and real property research based in Parsippany, New Jersey, has announced the launch of RedVision STP (Straight-Through Processing), a solution-based approach that provides direct customer benefits by using direct system integration between RedVision and the customer to provide seamless and uniform title reports.
Read More »Government’s Control of Fannie Mae and Freddie Mac Unlikely to Change, Analyst Says
Swann and his team wrote in a report to clients that the impasse among lawmakers as to the future of the GSEs, the fact that Fannie Mae and Freddie Mac have been profitable since 2012, and the near recovery of most housing markets have made the privatization of the GSEs or any type of reform unlikely for the foreseeable future.
Read More »HUD Secretary Castro Plans to Announce Clinton Endorsement on Thursday
Castro, 41, has been HUD Secretary since July 2014. Prior to becoming the country’s top housing official, Castro served as mayor of San Antonio from 2009 to 2014. His twin brother, Joaquin, a Democratic U.S. Senator from Texas, has already endorsed Clinton and done some campaigning for her.
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