Wednesday , 30 September 2020

DS News

DS News

Auction.com Announces Promotions

By Brian Honea The nation’s leading online real estate marketplace, Auction.com, has recently moved two individuals up within the company – Lee Leslie has been named EVP and chief legal officer, and EVP Gordon Smith has been tapped for the position of general manager in the company’s commercial real estate division. The post Auction.com Announces Promotions appeared first on DSNews. …

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DS News Webcast: Tuesday 2/24/2015

By Jordan Funderburk Ocwen Loan Servicing, a subsidiary of Ocwen Financial Corporation, intends to sell the mortgage servicing rights on a portfolio of performing residential loans owned by Freddie Mac with a total principal balance of about $9.8 billion to Nationstar Mortgage, a subsidiary of Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial Corporation on Monday morning. There …

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Existing-Home Sales Down Month-Over-Month, But Up from a Year Ago

By Scott Morgan The NAR’s latest look at existing-home sales shows that while sales nationally were 3.2 percent higher this January than last, single-family transactions were down almost 5 percent to 4.82 million. This is the lowest since last April’s 4.75 million. The post Existing-Home Sales Down Month-Over-Month, But Up from a Year Ago appeared first on DSNews. Via:: Existing-Home …

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Real Estate Investor Acquires Mortgage Servicer for $1.3 Billion

By Brian Honea New Residential Investment Corp. and Home Loan Servicing Solutions Ltd. announced a definitive merger agreement on Sunday. The merger agreement sets for New Residential to acquire all of the outstanding shares of HLSS for $18.25 per share in cash, totaling approximately $1.3 billion. The purchase price represents a 9 percent premium to HLSS’ closing price of $16.76 …

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

By Brian Honea 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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Hudson & Marshall, Genesis Auctions Merge to Create ‘Powerhouse’

By Brian Honea Real estate auction company Hudson & Marshall announced today that it would be embarking on a joint venture with Genesis Auctions to create a “technology driven auction powerhouse.” The new company plans to grow by providing clients with a full suite of online, ballroom, and onsite auction solutions. The post Hudson & Marshall, Genesis Auctions Merge to …

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Ocwen Announces Intention to Sell MSR Portfolio Worth $9.8 Billion to Nationstar

By Brian Honea Ocwen Loan Servicing, a subsidiary of Ocwen Financial Corporation, intends to sell the mortgage servicing rights (MSR) on a portfolio of performing loans owned by Freddie Mac with a total principal balance of about $9.8 billion to Nationstar Mortgage, a subsidiary of Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial on Monday morning. There are …

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DS News Webcast: Monday 2/23/2015

By Jordan Funderburk The default risk for mortgage loan originations rose in January, marking the fifth straight month-over-month increase, according to the composite National Mortgage Risk Index released by AEI’s International Center on Housing Risk. In January, the NMRI for Agency purchase loans increased to a series high of 11.94 percent. That number represented an increase of 0. 4 percentage …

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