Tuesday , 27 October 2020

DS News

DS News

CFPB Amends Guidelines For Providing Lists of Housing Counseling Organizations

By Scott Morgan Housing counselors‒‒which can be the lenders themselves‒‒can provide advice on buying a home, renting, defaults, foreclosures, and credit issues at little or no cost to consumers. The Dodd-Frank Act of 2010 included a requirement that mortgage lenders provide applicants with a list of local housing counselors, which consumers are to receive shortly after they apply for a …

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RIO Genesis Announces Partnerships With Two Real Estate Firms

By Brian Honea California-based firms The Life Planning Companies and National Real Estate Solutions (NRES) have teamed with Henderson, Nevada-based RIO Genesis to take advantage of RIO’s breakthrough technology platform, national real estate broker organization (the NRBA), and numerous RIO Genesis users, real estate brokers, and agents, according to an announcement from RIO Genesis CEO Michael Krein. The post RIO …

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Brady & Kosofsky Is First One of First Carolina Law Firms to Pass Rigorous Compliance Audit

By Brian Honea Matthews, North Carolina-based default servicing and real estate closing law firm Brady & Kosofsky, P.A., announced that the firm has successfully completed a Service Organization Control 2 (SOC 2) Type 1 certification under AT Section 101. The post Brady & Kosofsky Is First One of First Carolina Law Firms to Pass Rigorous Compliance Audit appeared first on …

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Atlanta Fed President Speaks on Monetary Policy Liftoff Decision

By Brian Honea In a speech in Florida on Thursday, President and CEO of the Federal Reserve Bank of Atlanta Dennis Lockhart discussed what the country’s current economic conditions suggest would be the appropriate path for the country’s monetary policy to take. The post Atlanta Fed President Speaks on Monetary Policy Liftoff Decision appeared first on DSNews. Via:: Atlanta Fed …

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DS News Webcast: Friday 04/17/15

By Francesca Shirk The FHFA announces the launch of a neighborhood stabilization pilot program, and both Goldman Sachs and Citi show strong first quarters in their earnings reports — ahead on the weekend news wrap. The post DS News Webcast: Friday 04/17/15 appeared first on DSNews. Via:: DS News Webcast: Friday 04/17/15       

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U.S. 2nd Circuit Court Dismisses MBS Suit Against Royal Bank of Scotland

By Brian Honea The court ruled on Wednesday that no action taken by RBS executives amounted to fraud with relation to the mortgage-backed securities, according to the report, and two out of the three appellate judges shared this opinion. The majority opinion said that “[s]tatements of general corporate optimism, such as these, do not give rise to securities violations.” The …

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FHFA Launches Neighborhood Stabilization Pilot Program in Illinois

By Scott Morgan The Neighborhood Stabilization Initiative is a set of strategies that aim to help delinquent borrowers avoid foreclosure and create a more efficient disposition path for foreclosed properties that will first be introduced in Cook County, Illinois. The housing market in the county, which contains Chicago, took a precipitous dive at the end of 2008 that took four …

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Counsel’s Corner: Lenders Are Simply Enforcing Contract Terms, Not ‘Fighting’ Borrowers

By Brian Honea Counsel’s Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Roy Diaz of Fort Lauderdale, Florida-based SHD Legal Group. The post Counsel’s Corner: Lenders Are Simply Enforcing Contract Terms, Not ‘Fighting’ Borrowers appeared first on DSNews. …

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