Friday , 25 September 2020

DS News

DS News

Appellate Court Upholds District Court’s Ruling in Favor of MERS in Wrongful Foreclosure Claim

By Brian Honea The Ninth Circuit Court of Appeals on Wednesday upheld a decision by a district court that dismissed a borrower’s wrongful foreclosure claim against Mortgage Electronic Registration Systems, Inc. (MERS), according to an announcement from MERSCORP Holdings, Inc. The post Appellate Court Upholds District Court’s Ruling in Favor of MERS in Wrongful Foreclosure Claim appeared first on DSNews. …

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Court Dismisses New York AG’s Lawsuit Against HSBC for Letting Foreclosures Languish

By Brian Honea A New York court has dismissed a lawsuit filed by the state’s attorney general against HSBC Mortgage Corporation nearly two years ago which alleged that HSBC failed to follow the state law related to foreclosure actions. The post Court Dismisses New York AG’s Lawsuit Against HSBC for Letting Foreclosures Languish appeared first on DSNews. Via:: Court Dismisses …

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Fannie Mae’s Mortgage Portfolio Contracting; Delinquency Rate Falls to 1.83 Percent

By Brian Honea The single-family serious delinquency rate for Fannie Mae in February fell another three basis points down to 1.83 percent after dropping to a nine-year low of 1.86 percent in January. Fannie Mae’s single-family serious delinquency rate has declined every quarter since the first quarter of 2010 due to a number of reasons that include foreclosure alternatives, home …

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DS News Webcast: Wednesday 4/1/2015

By Jordan Funderburk Denver-based MountainView Servicing Group announced Monday that it is acting as adviser for the sale of a Fannie Mae and Freddie Mac mortgage servicing rights portfolio with an unpaid principal balance of about $10 billion. Features of the bulk servicing rights portfolio include 100 percent fixed-rate and first lien product, a weighted average original FICO score … …

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Former Fannie Mae CEO Testifies in FHFA v. Nomura Trial

By Brian Honea When he was asked if Fannie Mae could have predicted the magnitude of the housing crash, Mudd said the GSE’s predictions “undershot” what eventually happened and that to his knowledge, no one at Fannie Mae could have accurately predicted the extent of the housing crisis. The post Former Fannie Mae CEO Testifies in FHFA v. Nomura Trial …

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The Underappreciated Impact of Dodd-Frank: The Rise of Federal and State Regulatory Cooperation

By Derek Templeton There are multiple levels of regulation in the financial services industry with federal, state, and even local officials supervising companies within the industry. These regulators often cooperate, but also sometimes act in conflict with one another in their pursuit of consumer protection and enforcement of laws. The post The Underappreciated Impact of Dodd-Frank: The Rise of Federal …

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Legal Technicalities May Let Defaulting Borrowers Keep Their Homes Without Paying

By Brian Honea The issue has been particularly hot in judicial foreclosure states such as Florida and New Jersey, where the foreclosure process must pass through the courts and signed by a judge to be completed. The post Legal Technicalities May Let Defaulting Borrowers Keep Their Homes Without Paying appeared first on DSNews. Via:: Legal Technicalities May Let Defaulting Borrowers …

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