Industry News


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‘Burdensome’ Laws, Regulations Impacting Housing Growth
Fri, 24 Jan 2020 23:14:23 +0000

FHFA Director Mark Calabria said reform of Fannie Mae and Freddie Mac are key to fixing the nation’s affordability issues.

The post ‘Burdensome’ Laws, Regulations Impacting Housing Growth appeared first on DSNews.



FHA Announces New Deputy Assistant Secretary
Fri, 24 Jan 2020 21:55:52 +0000

Joe Gormley first joined the organization in 2017 and previously served under Federal Housing Commissioner Brian Montgomery.

The post FHA Announces New Deputy Assistant Secretary appeared first on DSNews.



Goldman Sachs: New IPOs Require Diversity
Fri, 24 Jan 2020 16:12:44 +0000

CEO David Solomon said the bank will not "take a company public unless there’s at least one diverse board candidate, with a focus on women."

The post Goldman Sachs: New IPOs Require Diversity appeared first on DSNews.



Former Wells Fargo CEO Banned From Banking
Fri, 24 Jan 2020 14:43:17 +0000

The Office of the Comptroller of Currency states that John Stumpf has also agreed to a $17.5 million fine. The bank’s new CEO says the actions of former employees were “inexcusable.”

The post Former Wells Fargo CEO Banned From Banking appeared first on DSNews.



Survey: Default Rates Expected to Grow
Thu, 23 Jan 2020 23:13:56 +0000

Servicing professionals are expecting these loan types to see an increase in default rates, according to Altisource. Click through to find out why.

The post Survey: Default Rates Expected to Grow appeared first on DSNews.



Smaller Cities Winning Big in Rental Demand
Thu, 23 Jan 2020 22:09:34 +0000

As affordability persists in the larger metros, a new report found people are flocking to satellite cities.

The post Smaller Cities Winning Big in Rental Demand appeared first on DSNews.



Economy: Recovery From Great Recession ‘Largely Uneven’
Thu, 23 Jan 2020 20:43:41 +0000

What caused one expert to say distressed zip codes are “unlikely to ever recover.”

The post Economy: Recovery From Great Recession ‘Largely Uneven’ appeared first on DSNews.



Supreme Court Offers Ruling on Bankruptcy Appeals Case
Thu, 23 Jan 2020 20:22:08 +0000

The decision was handed down by the Sixth Circuit in the case of Ritzen Group., Inc. v. Jackson Masonry, LLC regarding the “finality” from relief of stay.

The post Supreme Court Offers Ruling on Bankruptcy Appeals Case appeared first on DSNews.



Mortgage Industry Groups Provide Feedback on Universal Mortgage-Backed Security
Thu, 23 Jan 2020 18:35:01 +0000

The group's proposals, in response to the FHFA's Request for Input, discusses the best practices for building better alignment and streamlining lender pools.

The post Mortgage Industry Groups Provide Feedback on Universal Mortgage-Backed Security appeared first on DSNews.



The Industry Pulse: Updates on New Hires and Partnerships
Wed, 22 Jan 2020 22:43:12 +0000

LERETA has tapped a new SVP of Tax Operations, LOGS Network law firms merged, and Rentec Direct is creating a new tenant screening process in this Industry Pulse.

The post The Industry Pulse: Updates on New Hires and Partnerships appeared first on DSNews.