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Author Archives: Derek Templeton

Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed "policy junkie," he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries.

Treasury Announces Extension of MHA, Efforts to Revitalize PLS Market

The Treasury Department announced Thursday new efforts by the Obama Administration to further stabilize the housing market. During his remarks at the Making Home Affordable (MHA) Fifth Anniversary Summit, Secretary Jack Lew announced an extension of the MHA program for at least one year and a new effort to help jump-start the Private Label Securities (PLS) market.

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As Banking Industry Improves, Risk Increases

As the United States economy continues to improve, the challenges facing the banking industry gradually shift from recovery to risk management in an effort to avoid the pitfalls that contributed to the financial crisis. In that spirit, the Office of the Comptroller of Currency released its Semiannual Risk Perspective of Spring 2014, offering an overview on the current health of the market and highlighting the significant risk related challenges that currently that face the banking industry.

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Harvard: Housing Recovery Hinges on Millennial Participation

Millennials are so hot right now. Advertisers spend sleepless nights wondering how to associate this “cool” generation with their products and services. In their annual “State of the Nation’s Housing” report, the Joint Center for Housing Studies of Harvard University suggested that participation in the housing market from the segment of the population age 18 to 34 is also the key to a robust housing recovery.

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May Inventory Up; Home Sales Down

The housing market took an unexpected dip in May, with home sales dropping year-over-year despite a surge in new listings. A report published by Redfin's Research Center indicated that home inventory was up 9.1 percent in May. That number represents the highest number of new listings to come onto the market in the last four years.

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Southwestern Pennsylvania Home Market Heating Up

Home sellers in Southwestern Pennsylvania may have more to cheer about this summer than just the Pittsburgh Pirates. According to the May 2014 residential real estate report from the West Penn Multi-List, Inc., the outlook for the Southwestern Pennsylvania home market is steadily increasing as demand continues to rise and inventory works to keep up.

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