Wednesday , 21 October 2020

DS News

DS News

Senator Seeks to Permanently Extend Foreclosure Protection for Servicemembers

By Brian Honea The bill, which Whitehouse introduced into the Senate on Thursday, April 30, would permanently extend foreclosure relief to servicemenbers provided by the Foreclosure Relief and Extension for Servicemembers Act of 2014, introduced by Whitehouse last May and it was signed into law by President Obama in December after unanimously passing in both the House and the Senate. …

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Nationstar Posts Net Loss in First Quarter

By Brian Honea Nationstar Mortgage Holdings reported a net loss of $48 million, or $0.53 per share, for the first quarter of 2015 compared with a net income of $19 million ($0.21 per share) for the previous quarter, according to an announcement from the Lewisville, Texas-based residential mortgage servicer on Tuesday morning. The post Nationstar Posts Net Loss in First …

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Freddie Mac’s Net Income Nearly Doubles in Q1 Up to $524 Million

By Brian Honea Derivative losses were largely responsible for dropping Freddie Mac’s net income by nearly $2 billion from Q3 to Q4 down to $227 million, but the GSE responded by nearly doubling that net income total in Q1 to $524 million. It marked the 14th consecutive quarter of profitability for Freddie Mac. In Q1, derivative losses declined to $2.4 …

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DS News Webcast: Tuesday 5/5/2015

By Jordan Funderburk Fitch Ratings affirmed that while Fannie Mae and Freddie Mac maintained a “Stable Rating Outlook” in April due to direct financial support from the U.S. government, the ratings company said it expected the controversial FHFA’s conservatorship of the two Enterprises would continue indefinitely. Fitch said in the report that “Despite significant legislative efforts over reform of the …

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Ratings Company Says Conservatorship Will Continue With No ‘Clear Exit Path’

By Brian Honea Fitch Ratings affirmed that while Fannie Mae and Freddie Mac maintained a “Stable Rating Outlook” in April due to direct financial support from the U.S. government, the ratings company said it expected the controversial FHFA’s conservatorship of the two Enterprises would continue indefinitely. The post Ratings Company Says Conservatorship Will Continue With No ‘Clear Exit Path’ appeared …

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Appellate Court Dismisses Company’s Constitutional Challenge to CFPB’s Authority

By Brian Honea The U.S. Court of Appeals for the District of Columbia Circuit dismissed a constitutional challenge to the Consumer Financial Protection Bureau (CFPB) brought about by Costa Mesa, California-based support services company Morgan Drexen Integrated Systems. The post Appellate Court Dismisses Company’s Constitutional Challenge to CFPB’s Authority appeared first on DSNews. Via:: Appellate Court Dismisses Company’s Constitutional Challenge …

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Training Tips: How (and Why) to Evaluate a New Vendor’s Internal Training Program

By Brian Honea Ensuring a well-trained workforce could mean the difference between sinking or swimming in today’s strictly regulated environment. This select feature originally appeared in the May 2015 issue of DS News. The post Training Tips: How (and Why) to Evaluate a New Vendor’s Internal Training Program appeared first on DSNews. Via:: Training Tips: How (and Why) to Evaluate …

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Freddie Mac to Announce Q1 Financial Results Tuesday, May 5

By Brian Honea Freddie Mac reported a net income of $227 million for the fourth quarter of 2014, a decline of $1.9 billion from the third quarter. The GSE attributed the drop in net income to derivative losses, which totaled $3.4 billion for the quarter driven by declining interest rates. The post Freddie Mac to Announce Q1 Financial Results Tuesday, …

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