DS News

DS News

DS News Webcast: Friday 1/16/2015

By Jordan Funderburk While housing recovery has generally been uneven for the last few years, the housing market experienced substantial growth in the fourth quarter of 2014 for all five indicators of Trulia’s Q4 2014 Housing Barometer, which was released on Thursday. Three of the five indicators – existing home sales excluding distressed sales, home price level, and delinquency … …

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All-Cash Sales Share Continues Year-Over-Year Decline

By Tory Barringer The share of all-cash home sales continued its streak of annual declines in October but remained elevated compared to pre-crisis levels, according to data released Wednesday. In a post on the company’s blog site, CoreLogic estimated that cash transactions accounted for 35.5 percent of total home sales in October 2014, down from 38.7 percent the year prior. …

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Indecomm Global Services Welcomes New VP of Sales

By Brian Honea Business process outsourcing, learning, and technology solutions provider Indecomm Global Services, which houses corporate headquarters in both New Jersey and India, has announced the hiring of mortgage banker Linda Bomar as vice president of sales. The post Indecomm Global Services Welcomes New VP of Sales appeared first on DSNews. Via:: Indecomm Global Services Welcomes New VP of …

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DS News Webcast: Thursday 1/15/2015

By Jordan Funderburk 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 released Wednesday. Foreclosure inventory, which includes homes in any state of foreclosure, plummeted year-over-year in November, falling from 880,000 in …

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House Votes to Delay Key Provision of Dodd-Frank Act

By Brian Honea With the Republican majority now in place, the U.S. House of Representatives voted on Wednesday to pass a bill that eased some portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, according to multiple media reports. The post House Votes to Delay Key Provision of Dodd-Frank Act appeared first on DSNews. Via:: House …

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FHFA Outlines 2015 Goals for Fannie Mae, Freddie Mac

By Tory Barringer Among the goals in that category are instructions for the GSEs to finalize their rep and warranty frameworks (a process started late last year), encourage more participation from smaller lenders, and continue watching for other hurdles to credit access. The post FHFA Outlines 2015 Goals for Fannie Mae, Freddie Mac appeared first on DSNews. Via:: FHFA Outlines …

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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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