Industry News


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Gathering of Mortgage Industry Professionals Comes to a Close
Fri, 22 Sep 2017 02:19:53 +0000

As another Five Star Conference has come to a close, the industry reflects upon the opportunities that engagement and learning the previous days have afforded. Insights were delivered during the Five Star Conference Academic Labs, which provided opportunities of edification, as professionals came together to offer solutions for the issues that the industry faces through ...

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CFPB: Final Ruling on Home Mortgage Disclosure Act
Fri, 22 Sep 2017 02:03:55 +0000

The Consumer Financial Protection Bureau (CFPB) has issued a final ruling on its amendment to Regulation B of the Home Mortgage Disclosure Act, with the intention to assist with compliance with Regulation C. According to the CFPB’s report, the amendment is to assist creditors with flexibility in meeting with standard government regulation. The ruling will ...

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Altisource Welcomes New VP, Head of Valuations
Fri, 22 Sep 2017 02:01:50 +0000

Altisource Portfolio Solutions, a service provider for the real estate and mortgage industries, announced Thursday the addition of a new VP to grow the company’s valuations business and an expansion of its sales team. Phil Huff joined Altisource as VP and Head of Valuations as well as President and CEO of Springhouse, a full-service appraisal management company owned by Altisource. Springhouse is an indirect subsidiary of Altisource Portfolio Solutions. “Phil brings a deep expertise in technology, sales, marketing and business development strategy and an extensive real estate industry network,” said Joseph A. Davila, President of Servicer Solutions at Altisource. “His proven expertise and seasoned network will be a big factor to the success of our Valuation Services business.”

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Continuing Hurricane Season Devastating U.S. Housing Market
Thu, 21 Sep 2017 23:11:02 +0000

Hurricane Maria, the third hurricane to make landfall on U.S. territory, has ravaged Puerto Rico, leaving 21 out of 22 total weather stations without power. The storm's intensity has been attributed to a low pressure system in the area, as well as a shallow storm center.

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National Foreclosure Rate Remains Stagnant Despite Disasters
Thu, 21 Sep 2017 22:02:54 +0000

According to Black Knight’s August Mortgage Data Report, national delinquency rates barely moved compared to July’s figures; however, delinquency rates in areas impacted by Hurricane Harvey rose 16 percent. Black Knight estimates that 6,700 new delinquencies will be attributed to Harvey fallout. In addition, 1,000 outstanding loans were already at least 30-days past due before ...

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A Decade of Change in the Mortgage Industry
Thu, 21 Sep 2017 19:50:48 +0000

In the 10 years since Auction.com launched as a brand, a lot has changed in our industry. Both traditional REO and foreclosure sales have made a paradigm shift in the way transactions are handled. Editor's Note: This feature originally appeared in the September issue of DS News, available now.

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The Industry Recognizes Its Best: Five Star Women in Housing
Thu, 21 Sep 2017 03:18:42 +0000

Every year, MReport magazine publishes a list honoring women of distinction that make this industry great. The Five Star President and CEO, Ed Delgado, commenced the forum by discussing the many struggles that women have endured to get to where they are today. “There was once a time when I felt a little bit uncomfortable speaking ...

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Ellie Mae Announces 2018 Conference, Hall of Fame, Innovation Awards
Thu, 21 Sep 2017 02:55:13 +0000

Ellie Mae, a technology solutions provider for the mortgage industry, announced Tuesday registration is open for Ellie Mae Experience 2018, the company’s sixth annual user conference. With an anticipated attendance of 3,300, the 2018 conference will take place at the Wynn Las Vegas with the theme, “Dare to Dream Bigger.” “Ellie Mae Experience provides the backdrop to showcase the accomplishments of our customers, the innovation that shapes mortgage industry, the networking powered by our growing connected community and the training and best practices that drive our collective success,” said Ellie Mae President and CEO, Jonathan Corr.

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Liens and Judgments Data: Not Gone for Good
Thu, 21 Sep 2017 01:19:43 +0000

Mortgage lenders rely on liens and judgments records to assess a borrower’s creditworthiness and capacity for repayment. For decades, they obtained this information in credit reports during the application process. But as of July 1 2017, the Nationwide Credit Reporting Agencies— Equifax, Experian, and TransUnion—began removing a large segment of the data from their reporting.

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Fed Remains Stagnant
Wed, 20 Sep 2017 21:21:28 +0000

The Federal Open Market Committee held its sixth meeting on Wednesday to discuss monetary policy and the potential of an interest rate hike, which is expected to happen at least once before the close of 2017.

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