‘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.

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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.

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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."

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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.”

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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.

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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.

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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.”

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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.

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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.

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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.

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