Industry News


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Veteran Owned Financial Services Company Launches
Thu, 04 Jun 2020 14:07:01 +0000

M. Allen LLC, a Veteran Owned Revenue & Profit Growth Advisory, focuses on assisting financial service companies with implementing new business and go-to-market strategies.

The post Veteran Owned Financial Services Company Launches appeared first on DSNews.



How Lockdowns are Hurting the Banking System
Wed, 03 Jun 2020 21:58:01 +0000

Acting Comptroller of the Currency Brian P. Brooks has expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system.

The post How Lockdowns are Hurting the Banking System appeared first on DSNews.



Stabilizing the Mortgage Market
Wed, 03 Jun 2020 21:48:17 +0000

Former Freddie Mac CEO Don Layton discusses some of his biggest concerns for the mortgage market, and how the government is handling liquidity issues.

The post Stabilizing the Mortgage Market appeared first on DSNews.



Mortgage Servicers on the Wrong End of CARES Act
Wed, 03 Jun 2020 21:17:59 +0000

Here's how the structure of the mortgage assistance program in the CARES Act can increase the proportion of nonperforming loans and cause mortgage servicers to bear the cost.

The post Mortgage Servicers on the Wrong End of CARES Act appeared first on DSNews.



‘Disasters Happen at the Community Level’
Wed, 03 Jun 2020 20:36:15 +0000

Industry leaders from government, banking, and housing shared insights on how the industry can be prepared for the next natural disaster during Wednesday's Virtual Disaster Preparedness Symposium.  Among the topics discussed during the event were the long term impacts of natural disasters, how technology can facilitate response and recovery, fraud protection, and loss mitigation efforts.  ...

The post ‘Disasters Happen at the Community Level’ appeared first on DSNews.



COVID-19’s Impact on Minority Homeowners
Wed, 03 Jun 2020 20:30:43 +0000

A new report reveals how black and hispanic homeowners can be disproportionately affected by being out of work.

The post COVID-19’s Impact on Minority Homeowners appeared first on DSNews.



DS5: How Technology is Aiding Auctions
Tue, 02 Jun 2020 20:10:48 +0000

On this episode of DS5: Inside the Industry, Auction.com SVP Jesse Roth delves into how foreclosure volumes can be impacted by coronavirus. He also discusses how technology can aid in disposition in today’s socially distanced environment.

The post DS5: How Technology is Aiding Auctions appeared first on DSNews.



FHFA Updates GSE Non-Performing Loan Sales
Tue, 02 Jun 2020 19:57:04 +0000

Fannie Mae and Freddie Mac sold 126,757 NPLs with a total unpaid principal balance of $23.8 billion, according to the new report.

The post FHFA Updates GSE Non-Performing Loan Sales appeared first on DSNews.



Freddie Mac Appoints New CFO
Tue, 02 Jun 2020 19:41:08 +0000

Christian M. Lown was previously EVP and CFO at Navient Corporation. He succeeds Donald F. Kish, who has served as Interim CFO since December 2019.

The post Freddie Mac Appoints New CFO appeared first on DSNews.



Florida Governor Extends Foreclosure Moratorium
Tue, 02 Jun 2020 19:14:31 +0000

In addition, the state of Florida is preparing how to respond to any future storms while taking the coronavirus pandemic into account.

The post Florida Governor Extends Foreclosure Moratorium appeared first on DSNews.