DS News

DS News

Auction.com Acquires California-Based Technology Solutions Provider

By Brian Honea Leading online real estate marketplace Auction.comAuction.com Channel has announced a cash and stock acquisition of Newport Beach, California-based real estate technology solutions provider Channel, LLC. The post Auction.com Acquires California-Based Technology Solutions Provider appeared first on DSNews. Via:: Auction.com Acquires California-Based Technology Solutions Provider       

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JPMorgan Chase Settles for $50 Million With DOJ Over Robo-Signing, Other Violations

By Brian Honea The amount Chase agreed to in the proposed settlement will include cash payments, mortgage loan credits, and loan forgiveness to the homeowners in bankruptcy. Chase has agreed to change its internal operations, and an independent compliance reviewer will conduct oversight to ensure that Chase is complying with the terms of the settlement. The post JPMorgan Chase Settles …

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Mortgage Contracting Services Welcomes New Assistant VP of Compliance

By Brian Honea Mortgage Contracting Services (MCS) has named Greg Smith as assistant vice president of compliance in the company’s Ruston, Louisiana, office, according to an announcement from MCS. The post Mortgage Contracting Services Welcomes New Assistant VP of Compliance appeared first on DSNews. Via:: Mortgage Contracting Services Welcomes New Assistant VP of Compliance       

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Freddie Mac Announces First Seriously Delinquent Loan Sale of 2015

By Brian Honea In the first bulk sale of seriously delinquent mortgage loans from its portfolio in 2015, Freddie Mac announced on Tuesday it has auctioned off 1,975 deeply delinquent non-performing loans with an aggregate unpaid balance of approximately $392 million. The post Freddie Mac Announces First Seriously Delinquent Loan Sale of 2015 appeared first on DSNews. Via:: Freddie Mac …

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Distressed Home Sales, Foreclosure Inventory Decline Substantially

By Brian Honea Sales of distressed homes (REO and short sales) fell to their lowest level in seven years and foreclosure inventory dropped by 34 percent year-over-year in December 2014, according to CoreLogic’s February 2015 The MarketPulse report released on Tuesday. The post Distressed Home Sales, Foreclosure Inventory Decline Substantially appeared first on DSNews. Via:: Distressed Home Sales, Foreclosure Inventory …

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Ocwen Agrees to Sell Agency MSR Portfolio Worth $45 Billion

By Brian Honea Ocwen Financial has signed a letter of intent to sell the mortgage servicing rights for $45 billion worth of Agency performing loans, according to an announcement on Ocwen’s web site late Monday night. The portfolio consists of about 277,000 performing loans owned by Fannie Mae. The approximate unpaid balance of the loans is approximately $45 billion. According …

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DS News Webcast: Tuesday 3/3/2015

By Jordan Funderburk In an ongoing effort to reduce the number of non-performing loans in the portfolios of Fannie Mae and Freddie Mac and transfer risk to the private sector, the GSEs’ conservator, the Federal Housing Finance Agency, on Monday announced enhanced requirements for the sales of non-performing loans by the GSEs. The enhanced requirements announced Monday by the FHFA …

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Treasury Official Says Administration is ‘Ready, Willing, and Able’ to Talk Housing Finance Reform

By Brian Honea Speaking at the National Council of State Housing Agencies Legislative Conference on Monday, the Department of U.S. Department of Treasury Counselor to the Secretary for Housing Finance Policy Dr. Michael Stegman said that the Obama Administration is “ready, willing, and able” to talk housing finance reform, which has been a hot-button topic in recent months as Fannie …

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