The U.S. Second Circuit Court of Appeals has overturned a 1 point 27 billion dollar penalty imposed on Bank of America over the alleged misrepresentation of mortgage-backed securities sold by Countrywide Financial Corporation to the GSEs through a program known as the High Speed Swim ...
Read More »Spring Has Brought on More Delinquencies
What implications does April's rise in 30-day delinquencies have for the mortgage industry?
Read More »DS News Webcast: Monday 5/23/2016
April marked the 44th straight month of tight supply in the existing-home sales space, according to the National Association of Realtors April 2016 Existing-Home Sales report released on Friday. Corresponding with that tight supply has been a decline in distressed inventory, which includes foreclosed ...
Read More »DS News Webcast: Friday 5/20/2016
The April 2016 New Residential Construction report from HUD and the U.S. Census Bureau released this week, which measures quarterly housing starts and completions by purpose and design, found that single-family built-for-rent homes comprised 4 point 3 percent of all ...
Read More »DS News Webcast: Thursday 5/19/2016
Calling the Dodd-Frank Act a quote, negative force, presumptive Republican presidential nominee Donald Trump said on Wednesday that in the next couple of weeks he will unveil a plan to overhaul the controversial Wall Street reform law that was passed in 2010 ...
Read More »DS News Webcast: Wednesday 5/18/2016
Data shows that consumers have become increasingly more careful with their debt, as the composite consumer credit default index dropped to a new post-recession low in April, according to the April 2016 S&P/Experian Consumer Credit Default Indices released on Tuesday. Out ...
Read More »DS News Webcast: Tuesday 5/17/2016
For months, housing industry analysts have talked about the low inventory of homes available for purchase. A recent survey by Redfin indicates that millennials, a demographic group often mentioned as a key to a healthy housing market in the future, may be to blame ...
Read More »The Digital Revolution in the Mortgage Industry
Valentin Saportas, CEO and President of MortgageHippo, shares his perspective on Quicken Loans' Rocket Mortgage technology, the impact that digital mortgages will have on housing, and how the industry should embrace this new movement.
Read More »Three Priorities for Banks This Year
Here are the key objectives and priorities that banks need to focus on for the remainder of t2016, according to the OCC.
Read More »The Week Ahead: Looking to UK for Affordable Housing Model
In a hearing in the House Financial Services Subcommittee on Housing and Insurance, the subcommittee will assess affordable and rental housing programs 50 years after the creating of HUD.
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