DS News

DS News

Delinquency Rate Drops Below 5 Percent For First Time Since 2007

By Brian Honea The delinquency rate (percentage of residential mortgage loans 30 days or more past due but not in foreclosure) dropped to 4.70 percent for March (approximately 2.38 million loans), the first time the rate has been below 5 percent since August 2007. The rate fell by 12 percent since February, the largest month-over-month decline in nine years. The …

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Freddie Mac Announces First Extended Timeline Pool Offering Auction of NPLs

By Brian Honea As part of the continued effort to excise all deeply delinquent, non-performing single-family residential loans from its mortgage portfolio, Freddie Mac has announced its first-ever Extended Timeline Pool Offering (EXPO) auction. The post Freddie Mac Announces First Extended Timeline Pool Offering Auction of NPLs appeared first on DSNews. Via:: Freddie Mac Announces First Extended Timeline Pool Offering …

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Mortgage Industry and Default Servicing Law Firms Convene at Legal League Servicer Summit

By Derek Templeton Representation from the nation’s leading mortgage servicers and default servicing law firms came together from across the country at the Ritz-Carlton in Dallas, Texas, on April 21 to openly discuss the most current issues affecting their business at the 2015 Legal League 100 Servicer Summit. Now in its seventh year, the Servicer Summit is a … The …

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Mortgage Industry and Default Servicing Law Firms Convene at Legal League Servicer Summit

By Derek Templeton Representation from the nation’s leading mortgage servicers and default servicing law firms came together from across the country at the Ritz-Carlton in Dallas, Texas, on April 21 to openly discuss the most current issues affecting their business at the 2015 Legal League 100 Servicer Summit. Now in its seventh year, the Servicer Summit is a … The …

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White House Threatens to Veto Bill That Cuts CFPB Funding

By Brian Honea The bill calls for the establishment of advisory boards or councils within the CFPB of 15 to 20 members each for small businesses, credit unions, and community banks. The stated purpose of each advisory board or council is to “advise and consult” with the CFPB on issues that impact their respective groups. The post White House Threatens …

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CFPB, FTC Penalize Green Tree For Alleged Servicing Violations

By Brian Honea The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) penalized national mortgage servicing company Green Tree Loan Servicing for allegedly mistreating borrowers attempting to avoid foreclosure on their homes, according to an announcement from the CFPB on Tuesday. The post CFPB, FTC Penalize Green Tree For Alleged Servicing Violations appeared first on DSNews. Via:: …

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Strong Equity Sales and Investments Drive Solid Q1 for Morgan Stanley

By Scott Morgan The firm credited solid investment in institutional securities and equity sales as major factors in its Q1 performance. Net revenues from institutional securities (excluding debt value adjustment) were $5.3 billion. Equity sales and trading net revenues were $2.3 billion, up from $1.7 billion a year ago. The post Strong Equity Sales and Investments Drive Solid Q1 for …

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