DS News

DS News

U.S. Supreme Court Hears Arguments For, Against ‘Disparate Impact’ Claims; Decision Pending

By Brian Honea Now that the U.S. Supreme Court has heard arguments both for and against the controversial “disparate impact” rule in housing, stakeholders on both sides are awaiting the Court’s decision as to whether or not disparate impact claims can be made under the Fair Housing Act. The post U.S. Supreme Court Hears Arguments For, Against ‘Disparate Impact’ Claims; …

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CFPB Fines Two Lenders $35.7 Million for Kickback Scheme

By Tory Barringer Wells Fargo and JPMorgan have agreed to pay a combined $35.7 million in penalties and redress over their roles in an alleged kickback scheme with a Maryland title company, according to an announcement from the Consumer Financial Protection Bureau (CFPB) on Thursday. The post CFPB Fines Two Lenders $35.7 Million for Kickback Scheme appeared first on DSNews. …

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Fannie Mae Expects Economy to ‘Drag’ Housing Toward Recovery in 2015

By Scott Morgan While that prediction is still modest, Fannie Mae says it’s strong enough to “drag last year’s unspectacular housing activity upward,” according to the report. Fannie Mae credits projections for continued low gasoline prices, firming labor market conditions, rising household net worth, improving consumer and business confidence, and reduced fiscal headwinds to usher in a year of steady, …

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U.S. Supreme Court Hears Arguments For, Against ‘Disparate Impact’ Claims; Desision Pending

By Brian Honea Now that the U.S. Supreme Court has heard arguments both for and against the controversial “disparate impact” rule in housing, stakeholders on both sides are awaiting the Court’s decision as to whether or not disparate impact claims can be made under the Fair Housing Act. The post U.S. Supreme Court Hears Arguments For, Against ‘Disparate Impact’ Claims; …

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DS News Webcast: Thursday 1/22/2015

By Jordan Funderburk Default rates are on the rise month-over-month for both first and second mortgages nationwide, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for December 2014 released Wednesday. The first mortgage default rate experienced its biggest monthly increase since September 2013, rising by five basis points up to 1.02 percent for December. The …

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Home Sales Reverse November Decline, Jump 14.4 Percent in December

By Tory Barringer December home sales topped the previous month by a double-digit percentage, defying the usual slowdown brought on by seasonal influences, according to a survey of metros nationwide. The post Home Sales Reverse November Decline, Jump 14.4 Percent in December appeared first on DSNews. Via:: Home Sales Reverse November Decline, Jump 14.4 Percent in December       

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Based on Recent Signs, Economists Say ‘More Robust’ Year for Housing Lies Ahead in 2015

By Tory Barringer In the wake of the National Association of Home Builders’ (NAHB) latest confidence index, builders convened in Las Vegas this week to discuss housing trends over the last few months and what they expect to see in 2015. In a panel at the group’s International Builders’ Show, top economists representing housing organizations and businesses projected … The …

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Indices Report Monthly Increases for Mortgage Default Rates

By Brian Honea Default rates are on the rise month-over-month for both first and second mortgages nationwide, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for December 2014 released Wednesday. According to the data, the first mortgage default rate experienced its biggest monthly increase since September 2013, rising by five basis points from 0.97 percent …

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