Category: Mortgage

Economist: TRID is Not Affecting Housing Market Potential

Economist: TRID is Not Affecting Housing Market Potential DSNews   by:  Brian Honea   January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]

How Successful Has TARP Been After Seven Years?

DSNews  BY:  Brian Honea  January 2, 2016 Saturday, October 3, 2015, marked the seven-year anniversary of then-President George W. Bush signing the government’s Troubled Asset Relief Program (TARP) into law in order to help stabilize financial markets and restore Americans’ confidence in the economy. TARP became law in 2008 at the depth of the financial […]

Low Mortgage Delinquency Levels Stabilize Consumer Credit Market

DSNews   BY:  Brian Honea   November 16, 2015 Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015, which contributed to the strong performance of consumer credit markets during Q3, according TransUnion’s Q3 2015 Industry Insights Report released Monday. While aggregate revolving credit balances rose by $13.5 billion […]

How are Residential Mortgages Performing at the Largest Banks?

DSNews   BY: Brian Honea   December 14, 2015 Improving overall performance of first-lien mortgages means fewer delinquencies, and fewer delinquencies have in turn means a declining need for loss mitigation, according to the Office of the Comptroller of the Currency (OCC)’s Mortgage Metrics Report for the Third Quarter of 2015. According to the OCC, […]

Borrower Outreach Events Proving Successful at Preventing Foreclosures

DSNews  BY:  Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]

Operational Enhancements Result in Lower Mortgage Fraud Risk

DSNews BY: Xhevrije West Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation. According to a Fitch Ratings report released Tuesday, since the financial crisis, risk of fraud and misrepresentation has declined. “A key driver behind the poor performance of the peak vintage collateral was weak operational controls for the information […]

New Proposed Bankruptcy Rules: Focus on Periodic Statements

DSNews  By: By George FitzGerald The CFPB’s Judicial Conference Advisory Committee on Bankruptcy Rules has proposed a variety of changes and updates that apply to periodic statements – many of which could have important and potentially difficult implications for servicers.  The periodic statement is one of the areas that – depending on the conditions required by […]

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