DS News

DS News

JPMorgan Chase Reports Record Earnings for 2014; Wells Fargo Net Income Up 5 Percent

By Brian Honea Two of the nation’s largest mortgage lenders, JPMorgan Chase and Wells Fargo, reported year-over-year increases in their net incomes for 2014, according to the banks’ respective earnings statements released on Wednesday. JPMorgan Chase reported a record net income of $21.8 billion for the full year of 2014, up from 2013’s net income of $17.9 billion. The firm’s …

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MiT National Land Services Recruits Leader for National Division

By Tory Barringer In New York, national title insurance firm MiT National Land Services added Daniel Eckert to its team to run the company’s National Division. The post MiT National Land Services Recruits Leader for National Division appeared first on DSNews. Via:: MiT National Land Services Recruits Leader for National Division       

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MiT National Land Services Recruits Leader for National Division

By Tory Barringer In New York, national title insurance firm MiT National Land Services added Daniel Eckert to its team to run the company’s National Division. The post MiT National Land Services Recruits Leader for National Division appeared first on DSNews. Via:: MiT National Land Services Recruits Leader for National Division       

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LenderLive Appoints President for Due Diligence Division

By Tory Barringer As part of a push to expand its growing operation, LenderLive Network has named Mark Hughes to serve as president of its Due Diligence Division. The post LenderLive Appoints President for Due Diligence Division appeared first on DSNews. Via:: LenderLive Appoints President for Due Diligence Division       

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Foreclosure Rate Falls to Lowest Level Since ’08

By Brian Honea About 1.5 percent of all homes with a mortgage in the United States were in some state of foreclosure in November 2014, the lowest foreclosure rate since March 2008, according to CoreLogic’s November 2014 National Foreclosure Report. Foreclosure inventory, which includes homes in any state of foreclosure, plummeted year-over-year in November, falling from 880,000 in November 2013 …

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DS News Webcast: Wednesday 1/15/2015

By Jordan Funderburk California’s Department of Business Oversight is moving to halt Ocwen’s operations in the state after the company failed to provide documentation about its compliance with California’s Homeowner Bill of Rights. The bill prohibits certain mortgage servicing practices—such as dual-tracking—and sets in place requirements for single points of contact and document verification, among other provisions. Losing California … …

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Credit Union Group Opposes Revision to FHLBank Membership Requirements

By Tory Barringer NAFCU’s complaint stems from a provision of the proposed rule that would require FHLB members and applicants to keep 1 percent of assets in home mortgage loans. Current members would also be required to hold at least 10 percent of assets in residential mortgage loans on an ongoing basis as opposed to just at the time of …

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