Fannie Mae’s Book of Business Contracts in April

first_imgHome / Daily Dose / Fannie Mae’s Book of Business Contracts in April The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Headlines, News Previous: Bank Foreclosures Listed Far Below Regional Selling Prices Next: DS News Webcast: Tuesday 6/3/2014 Fannie Mae’s book of business shrank again in April, continuing an uninterrupted streak of declines that started at the end of 2013.According to the enterprise’s volume summary report, the book’s total value contracted in April at a compound negative growth rate of 2.7 percent. The latest drop brings the book’s average year-to-date growth rate to -2.3 percent.As of April 30, the book’s value was an estimated $3.14 trillion.The decline came from a drop in Fannie’s gross mortgage portfolio, which shrank at a rate of 14.3 percent as sales and liquidations increased to offset a rise in purchase activity.Meanwhile, total mortgage-backed securities and other guarantees also fell, owing to an increased annualized rate of liquidations.As was the case at Freddie Mac, single-family serious delinquency in Fannie’s portfolio fell in April, ending the month at a rate of 2.13 percent compared to 2.19 percent in March.At the same time, the multifamily delinquency rate climbed back up to 0.11 percent from 0.10 percent previously. Multifamily delinquency has yo-yoed between those two values since November.Fannie reported 11,321 loan modifications in April. Year-to-date, modifications at the GSE totaled 47,365. Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Related Articles Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary 2014-06-02 Tory Barringer Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Mae’s Book of Business Contracts in April The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily June 2, 2014 661 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more


Seriously Underwater Mortgage Rate Sinks to Lowest Level in Two Years

first_imgHome / Daily Dose / Seriously Underwater Mortgage Rate Sinks to Lowest Level in Two Years Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Foreclosure Negative Equity RealtyTrac Seriously Underwater Mortgages 2014-10-22 Brian Honea Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Loss Mitigation, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. October 22, 2014 1,299 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Tagged with: Foreclosure Negative Equity RealtyTrac Seriously Underwater Mortgages The number of U.S. homeowners who were seriously underwater in the third quarter declined 11 percent from the previous quarter, falling to the lowest level in more than two years, according to RealtyTrac’s Q3 2014 Home Equity & Underwater Report released Thursday.RealtyTrac reported that 8.1 million U.S. homeowners, representing 15 percent of all mortgages in the country, were seriously underwater on their mortgage in Q3, the lowest percentage of underwater mortgages nationwide since RealtyTrac began tracking the data in Q1 2012. For a mortgage to be considered seriously underwater, the combined loan amount secured by the property must be at least 25 percent higher than the property’s estimated market value.The number of seriously underwater mortgagors in the U.S. in Q3 accounted for a combined total of $1.4 billion in negative equity, according to RealtyTrac.The nation’s seriously underwater rate has been steadily declining since Q2 2012, according to RealtyTrac. For that quarter, properties with a mortgage in the U.S. that were seriously underwater reached their peak at 12.8 million (29 percent). By Q3 2013, the number of seriously underwater properties in the nation had fallen to 10.7 million, representing 23 percent of the nation’s mortgages. In Q2 2014, RealtyTrac reported there were 9.1 million seriously underwater properties, or 17 percent of all mortgages in the U.S.”The decrease in underwater properties is promising but the estimated $1.4 trillion in negative equity means that the flood waters are not receding as quickly as they were before, corresponding to slowing home price appreciation,” said Daren Blomquist, vice president at RealtyTrac. “Slower price appreciation means the 8 million homeowners seriously underwater could still have a long road back to positive equity.”The percentage of seriously underwater properties that were in foreclosure also declined quarter-over-quarter in Q3 from 44 percent down to 39 percent. That number has also been steadily dropping – it was reported at 56 percent for Q3 2013, according to RealtyTrac. Meanwhile, the share of foreclosures with positive equity jumped up from 34 percent in Q2 to 38 percent in Q3.RealtyTrac reported that about 8.5 million properties were on the verge of resurfacing in Q3, with between 10 percent negative equity and 10 percent positive equity. The percentage of properties on the verge of resurfacing for Q3 represented 16 percent of all mortgages in the U.S., a decline from 17 percent in Q2.Equity-rich properties, which are properties with at least 50 percent equity, increased to 10.8 million in the U.S. for Q3 (20 percent of all properties with a mortgage) from 9.9 million (19 percent) in Q2. Equity-rich mortgagors combined for about $2.9 billion in positive equity, according to RealtyTrac.”We wanted to paint a picture of the typical seriously underwater homeowner and what we found was that homeowners who bought or refinanced during the housing bubble (2004 to 2008), own a home worth less than $200,000, live in the Sun Belt or Rust Belt and live in a Democratic Congressional District were more likely to be seriously underwater. On the other end, the highest percentages of equity rich homeowners were those who bought or refinanced between 1994 and 1998, those with properties valued at $500,000 or more, live in New York, California, or D.C., and these folks also tend to live in Democratic Congressional districts.” Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Seriously Underwater Mortgage Rate Sinks to Lowest Level in Two Years Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Study: Fewer Marriages Result in Slow Housing Recovery Next: Fannie Mae Hires EVP, General Counsel Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more


Analysts Predict Comeback for New Homes in 2015

first_img Analysts Predict Comeback for New Homes in 2015 Sign up for DS News Daily Fitch Ratings Forecast Housing Market New Home Sales 2014-12-12 Tory Barringer Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles After trudging along a sluggish track in 2014, the market for new homes is projected to make a comeback next year, Fitch Ratings says in a new forecast.Looking at the year ahead, the ratings firm predicts a bounce in both supply and demand for homes as the economy continues to steadily expand and both employment measures and consumer confidence see improvement. With housing starts and new home sales expected to advance, Fitch sees a possibility of higher revenues for homebuilders and positive rating actions for some companies in the sector.”The likelihood of higher home deliveries could position housing revenue to jump by 20–25 percent next year,” said Bob Curran, managing director at Fitch.The agency’s forecast echoes predictions in a recent survey of economists conducted by the Wall Street Journal. The panel of experts called for housing starts to jump to 1.22 million in 2015, a leap from the expected 1.05 million new units started this year.Other recent predictions are also hopeful. It its own forecast for 2015, Freddie Mac projected total housing starts would pick up 20 percent in the next year, with single-family homes driving that increase.Meanwhile, homebuilder sentiment continues to trend on the positive side, fueled by higher hopes for future new home sales.While analysts seem optimistic, whether or not that confidence bears out in the next year is the real question. Last year at this time, economists polled by the Wall Street Journal forecast an increase in housing starts to 1.11 million. Looking back at the last 12 months, they’re now saying the housing sector proved to be the most disappointing performer in 2014.In other predictions, Fitch also predicts home prices will rise 2.7 percent in the next year, an increase spurred by supply conditions.”New home pricing will benefit from still-restrained levels of new home inventory, though home price increases should level off to the low single digits,” Curran said.Also improving in Fitch’s outlook is the level of foreclosures in the next year, which are expected to drop further as more borrowers break free of “underwater” status. Tagged with: Fitch Ratings Forecast Housing Market New Home Sales Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Lawmaker Criticizes FHFA’s Decision to Allocate GSE Money to Housing Groups Next: Purchasing Real Estate Online Becoming a More Prominent Reality for Homebuyers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Home / Daily Dose / Analysts Predict Comeback for New Homes in 2015 in Daily Dose, Featured, Market Studies, News About Author: Tory Barringer Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago December 12, 2014 1,058 Views Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. last_img read more


Housing Growth Expected to Slow For the Remainder of 2015

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Recent Home Price Appreciation Has Led to Reduced Foreclosure Inventory Next: Why I Work With Snowflakes in Daily Dose, Featured, Market Studies, News July 3, 2015 1,219 Views The Best Markets For Residential Property Investors 2 days ago Clear Capital Forecasts Housing Market 2015-07-03 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Consumers grow uneasy as the spring season comes to a close and recent gains in the housing market begin to decline. Clear Capital, Inc., a provider of data and solutions for real estate asset valuation and collateral risk assessment, recently released its Home Data Index (HDI) Market Report with data through June 2015 that shows that 2015 will be a non-growth year.In January, the company forecasted total national housing market growth for 2015 to reach 1.3 percent, more than five percent lower than growth for 2014 at 6.7 percent. The adjusted forecast presumes that year-end national growth will come in at 2.6 percent, falling within the projected range of 1 percent to 3 percent.“With a first full look of the spring buying season and six-month update to the forecast, our data through June confirms our initial projection that 2015 would be a non-growth year,” said Alex Villacorta, Ph.D., VP of research and analytics at Clear Capital. “Here we are six months later, and there is very little evidence to change our view that the year will end up with price growth coming in just around the rate of inflation.”The report found that while San Francisco’s and San Jose’s year-end growth rates are expected to remain positive, at 3.4 percent and 3.2 percent, growth for both regions are projected to decline into the negatives at -0.2 percent and -0.4 percent through the second half of 2015. Clear Capital added that this drop raises concern among consumers after the summer buying season and experiencing two years of consecutive, yet unsustainable, gains.“In our June report, we went on record with concern of bubble markets across the U.S. Now San Jose is starting to go the way of San Francisco, at peak levels and now leveling off,” Villacorta said. “Both San Francisco and San Jose have been red hot markets, supported in large part by strong job growth. The latest numbers reveal, however, that both markets have reached their apex in the most recent upward price swing and are projected to take a slight dip into negative territory through the second half of 2015, by -0.2 percent and -0.4 percent. While both markets are projected to have total 2015 yearly growth rates of around 3 percent, entering winter 2015-2016 on the down side is of great concern. What started as ‘red hot’ at the start of 2014 may end as ‘in the red’ come 2016.”Regionally, growth across all regions remains flat, Clear Capital noted. The Midwest saw an increase in quarterly growth, from 0.1 percent to 0.3 percent. The West continues to be the strongest in terms of quarterly price grow at 1 percent and is expected to end 2015 with a 3.3 percent growth rate, reducing disparity between the East and West. Meanwhile, growth in the East is forecasted to come to a halt for the rest of 2015 at 0.1 percent, but it is also projected to end the year at 1 percent.On a national level, the growth levels are about the same, the company says. Data through June looks similar to data through May 2015, with no change in quarterly growth at 0.6 percent and a slight drop in yearly growth from 5.3 percent to 5.2 percent. If spring and summer seasons actually reflect the peak of the housing demand cycle, 0.6 percent quarterly growth likely to come to pass as for how the rest of the year will turn out.Click here to view Clear Capital’s Home Data Index.   Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Housing Growth Expected to Slow For the Remainder of 2015 Home / Daily Dose / Housing Growth Expected to Slow For the Remainder of 2015 Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. About Author: Xhevrije West Tagged with: Clear Capital Forecasts Housing Market Subscribelast_img read more


In Massachusetts, Lost Notes Create Headaches for Services

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Previous: Where Have Home Values Recovered Most Since the Crash? Next: Bill Neville Joins LoanLogics as President, COO Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Editor’s note: This story was originally featured in the January issue of DS News, out now.In Massachusetts, in the seminal decision Eaton v. Federal National Mortgage Association, 462 Mass.569 (2012), the Supreme Judicial Court has held that the statutory power of sale can only be exercised by a party who held the mortgage by assignment and was either the holder of the note or was acting as the agent for the holder at the time of the publication of the notice of sale. The Eaton court prospectively applied this ruling on standing to foreclose in actions where the publication occurred after June 22, 2012, the date of its decision. This holding was subsequently codified in M.G.L. Ch. 244§35C.Unfortunately, in Massachusetts, issues related to standing persist despite the Eaton decision. When a servicer intending to commence a foreclosure action discovers that the original promissory note, generally considered a negotiable instrument under the Uniform Commercial Code (U.C.C.), has been destroyed or lost by the prior holder, problems arise. Section 3-301 of the U.C.C. provides that a note may be enforced by  “..(i) the holder of the instrument, (ii) a non-holder in possession of the instrument who has the rights of a holder, or (iii) the person not in possession … who is entitled to enforce the instrument pursuant to Section 3-309.”In many jurisdictions, the issue of a lost note can be resolved and the foreclosure may proceed upon execution of a Lost Note Affidavit (LNA) by the party who lost the note detailing the circumstances of the loss and attaching a copy of the note. U.C.C. Section 3-309 addresses the circumstances under which enforcement of lost, destroyed, or stolen instruments may be made by use of a LNA by parties who are not in possession of the original note. In 2002, amendments to U.C.C. Section 3-309 expanding the parties entitled to enforce a lost or destroyed negotiable instrument were subsequently adopted by a number of states. Under the amended version, parties who “… directly or indirectly acquired ownership of the instrument from a person who was entitled to enforce the instrument when loss of possession occurred” may enforce the note.Unfortunately, Massachusetts has not yet adopted the amendment to Section 3-309 and instead, servicers must rely on the earlier version that limits the enforcement of a note to the party who was in possession of the note and entitled to enforce it at the time possession was lost. If the party commencing the foreclosure was not the party who actually lost the note and executed the LNA, Massachusetts courts have applied a strict interpretation of Section 3-309 prohibiting that party from enforcing the note. Most recently, this narrow reading was upheld in Zullo v. HMC Assets, LLC, as Trustee (Misc. 16-000413) (2017). As a result, absent adoption by the Massachusetts Legislature of the amendment to Section 3-309 of the U.C.C., attempts by a successor holder to enforce the note using a LNA are likely to be challenged, limiting enforcement to the party who lost the note. Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Journal, Magazine, Print Features Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tagged with: 2018 black book Julie Moran Legal Update standing Subscribe Servicers Navigate the Post-Pandemic World 2 days ago January 27, 2018 3,308 Views center_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago 2018 black book Julie Moran Legal Update standing 2018-01-27 David Wharton Related Articles In Massachusetts, Lost Notes Create Headaches for Services Home / Daily Dose / In Massachusetts, Lost Notes Create Headaches for Services Share Save Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more


“No Further”: CFPB Plan Limits Bureau’s Mission

first_img The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 4:51 p.m. CST // On Monday afternoon, the Consumer Financial Protection Bureau officially released its strategic plan for fiscal years 2018 – 2022, confirming a shift away from enforcement that had been rumored by alleged internal memos earlier during the day.In the introductory message from CFPB Acting Director Mick Mulvaney, he said, “In reviewingthe draft Strategic Plan released by the Bureau in October 2017, it became clear to me that theBureau needed a more coherent strategic direction.” Vowing to hew to the Bureau’s statutory responsibilities but go “no further,” Mulvaney explained that “pushing the envelope in pursuit of other objectives ignores the will of the American people” and “also risks trampling upon the liberties of our citizens.”Mulvaney says that the revised strategic plan will draw its focus from the Dodd-Frank Act that originally created the Bureau, shifting focus toward “[regulating] the offering and provision of consumer financial products or services under the Federal consumer financial laws” and “[educating and informing] consumers to make better informed financial decisions.”The CFPB strategic plan lays out three goals:Ensure that all consumers have access to markets for consumer financial products and services.Implement and enforce the law consistently to ensure that markets for consumer financial products and services are fair, transparent, and competitive.Foster operational excellence through efficient and effective processes, governance, and security of resources and information.The full CFPB strategic plan for 2018 – 2022 is available to read by clicking here.On Monday, the White House also released President Trump’s 2019 budget plan, which proposes major changes for the CFPB. As reported by the Washington Post, the President’s budget plan would have the CFPB funded through Congress rather than the Federal Reserve, which would give the Bureau more Congressional oversight. The plan would also diminish the CFPB’s enforcement capabilities and cap the agency’s budget at its 2015 level of $485 million, down from a projected $630 million in 2018.According to a statement released by the White House, “The proposed reforms would impose financial discipline, reduce wasteful spending, and ensure appropriate congressional oversight. … To prevent actions that unduly burden the financial industry and limit consumer choice, the proposal restricts CFPB’s broad enforcement authority over Federal consumer law.”__________________________________1:25 p.m. CST //According to an internal memo acquired by National Public Radio, the Consumer Financial Protection Bureau (CFPB) will be further shifting its focus under Acting Director Mick Mulvaney. According to Reuters, the memo was written by CFPB Chief of Staff Kirsten Sutton and distributed to agency staff on Friday. It outlines a new strategic plan that is expected to be released by the CFPB later this week, one which will dial back the Bureau’s focus on enforcement. “If there is one way to summarize the strategic changes occurring at the Bureau, it is this: we have committed to fulfill the Bureau’s statutory responsibilities, but go no further,” Sutton said in the memo, according to Reuters.The memo reportedly does not go into detail about the specifics of what those statutory responsibilities will be limited to. However, the memo does highlight some of the CFPB’s responsibilities as “regulating the offering and providing of consumer financial products under the law, and with educating and empowering consumers to make informed financial decisions,” according to Reuters. The memo also lays out a vision of “free, innovative, competitive, and transparent consumer finance markets where the rights of all parties are protected.”It’s been a hectic few months at the CFPB under the leadership of Acting Director Mick Mulvaney, who is also the White House Budget Director. After CFPB Director Richard Cordray announced his retirement in November 2017, the stage was set for a showdown between Trump’s chosen successor, Mulvaney, and Cordray’s appointed replacement, Leandra English. Both parties insisted they were the rightful head of the organization, with English filing a lawsuit attempting to obtain a restraining order against Mulvaney. At the time, the CFPB’s own general counsel backed Mulvaney, who was a long-time outspoken critic of the Bureau, which was created by the 2010 Dodd-Frank Wall Street reform law.Mulvaney went on to implement a 30-day hiring and regulatory freeze at the CFPB, and more recently brought the Office of Fair Lending under his own supervision, as reported by the Washington Post. In mid-January, a U.S. District Judge backed Mulvaney’s claim as legitimate head of the CFPB, saying the English had failed to meet the “exacting standard” necessary for him to issue a preliminary injunction. In his written opinion, Judge Timothy J. Kelly said, “The president has designated Mulvaney the CFPB’s acting director, the CFPB has recognized him as the acting director, and it is operating with him as the acting director. Granting English an injunction would not bring about more clarity; it would only serve to muddy the waters.”On February 7, the CFPB issued a Request for Information about the Bureau’s enforcement processes, stating, “The Bureau is seeking information to help assess the overall efficiency and effectiveness of its processes related to the enforcement of federal consumer financial law. … This is the third in a series of RFIs announced as part of Acting Director Mick Mulvaney’s call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers.” February 12, 2018 2,685 Views Home / Daily Dose / “No Further”: CFPB Plan Limits Bureau’s Mission Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: CFPB cfpb acting director Consumer Financial Protection Bureau Mick Mulvaney Sign up for DS News Daily About Author: David Wharton Related Articles in Daily Dose, Featured, Government, Headlines, Journal, News CFPB cfpb acting director Consumer Financial Protection Bureau Mick Mulvaney 2018-02-12 David Wharton The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Study Says: Rising Rates to Marginally Affect Home Buying Next: For Single-Family Rentals, Low Vacancy Rates Mean Rent Growth “No Further”: CFPB Plan Limits Bureau’s Mission Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more


The Industry Pulse: Updates on Ocwen, RoundPoint, and More

first_img Previous: The Key Elements of ‘Green’ Home Improvements Next: Brock & Scott Acquires SHS Default Practice Group The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago From community initiatives and technology to new appointments get the latest buzz on the industry in this weekly update.Falling behind on loans is sometimes inevitable for some homeowners. Now a new partnership between Ocwen Financial Corporationand Bridgeport Neighborhood Trust (BNT), a non-profit organization that provides an array of services in the Bridgeport community, aims to educate families who have fallen behind on their mortgage payments by discussing loan modification options that can help them catch up. Homeowners who attend the event will meet one-on-one with Ocwen Home Retention Agents and housing counselors from Bridgeport Neighborhood Trust, a U.S. Department of Housing and Urban Development-approved counseling agency. Homeowners will have the opportunity to discuss their unique situations and receive information about potential options to lower their mortgage payments to make their homes more affordable._________________________________________________________________RoundPoint Mortgage Servicing Corporation has announced the hiring Colleen Winslow as its Chief Human Resources Officer (CHRO). Winslow will lead RoundPoint’s evolving human capital strategy while ensuring the firm’s culture remains collaborative and engaging. She will also oversee the Human Resources Administration, Compensation & Benefits, Talent Management & Acquisition, Learning & Development, and the Employee Engagement departments. Winslow has more than 25 years of banking and financial services experience and has worked for Bank of America, Wells Fargo, and Ally Bank, where she served as CHRO. “I’m thrilled to be joining such a dynamic and growing organization and I’m eager to expand RoundPoint’s high-performance work culture by recruiting and retaining the best talent and most engaged employees in the industry. I’m truly looking forward to making contributions that will further solidify RoundPoint’s leadership position and corporate mantra, ‘all in, all win,’” said Winslow._________________________________________________________________Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, has announced the implementation of multi-factor authentication (MFA) security protocols, which require multiple methods to verify a user’s identity for logins and transactions. “We live in an era where security sensitivities and breaches are increasingly common occurrences within organizations and their technology stacks,” says Phil Rasori, COO at MCT. “In order to most effectively protect our clients, their data and transactions, we felt that it was a prudent time to implement MFA into our MCTlive! secondary marketing software as a logical safeguard in order to maintain high levels of security.”_________________________________________________________________OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, announced the hiring of Mark Michel, an industry veteran in enterprise-level mortgage technology systems. According to OpenClose, Michel has an extensive track record of successful execution during his tenure at lending entities as well as mortgage technology providers. At OpenClose, he will serve as a software integration analyst where he will focus on the company’s LenderAssist LOS, RESTful API suite, as well as other digital mortgage solutions. Michel brings to OpenClose more than 15 years of experience as a subject matter expert in mortgage fintech. Before OpenClose, he was a senior product manager at Altisource where he was responsible for a next-generation LOS as well as a new POS portal, while also acting as a subject matter expert on all LOS integrations. Prior to that, Michel was a senior business consultant and project manager at Fiserv Lending Solutions for more than fifteen years. Subscribe The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha The Industry Pulse: Updates on Ocwen, RoundPoint, and More Related Articles Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. in Daily Dose, Featured, News Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Industry Pulse: Updates on Ocwen, RoundPoint, and More October 4, 2018 1,932 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago MCT Ocwen OpenClose RoundPoint Mortgage 2018-10-04 Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: MCT Ocwen OpenClose RoundPoint Mortgagelast_img read more


O’Domhnaill says septic tank grant scheme must be expanded

first_img Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ News Pinterest Google+ WhatsApp Facebook A Fianna Fail Councillor in Donegal is welcoming the announcement by Environment Minister Phil Hogan of a grant scheme of up to 4000 euro for households whose septic tanks require upgrading.However, Seamus O’Domhnaill claims the announcement doesn’t go far enough, particularly when the regulations outlining the standards septic tanks will have to achieve have not yet been published.He says the cap should be removed, and in common with Can’t Pay, Won’t Pay and other parties, he is claiming that pressure from opponents forced the minister to come up with the grant scheme.Now, Cllr O’Domhnaill says the regulations must be published, so people know what they are registering for, and as well as that, the terms of the grant must be improved…….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/sodon1pm.mp3[/podcast] Three factors driving Donegal housing market – Robinson Twitter By News Highland – December 18, 2012 center_img O’Domhnaill says septic tank grant scheme must be expanded Previous articlePringle says World Record application highlights bailout burdenNext articleDerry Chamber President urges protestors not to jeapordise Christmas trade News Highland Twitter WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH Facebooklast_img read more


Doherty says Donegal’s share of flood relief spending has been unacceptably small

first_img GAA decision not sitting well with Donegal – Mick McGrath Nine Til Noon Show – Listen back to Wednesday’s Programme WhatsApp Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ Guidelines for reopening of hospitality sector published By admin – January 25, 2016 Pinterest Serious concern has been raised following the revelation that out of money spent on flood relief projects in Ireland, less than 1% was allocated to Donegal over the past 10 years.Figures obtained by Sinn Fein have revealed that between 2005 and 2015 Donegal received just over €2.4 million out of €319 million. The figures also reveal that that €147,000 was allocated to major projects in Donegal over the last decade.Sinn Fein Election Candidate Gary Doherty says the figures prove once again that Donegal is the forgotten county…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/01/garydocfloodfunding.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Facebookcenter_img Homepage BannerNews Google+ Doherty says Donegal’s share of flood relief spending has been unacceptably small Twitter WhatsApp Previous articleGardai say cross border thieves are stepping up their activityNext articleSpeculation that Cllr John O’Donnell may address council meeting admin Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH Pinterest RELATED ARTICLESMORE FROM AUTHORlast_img read more


Deputy Doherty – Kenny/Merkel statement changes nothing

first_imgNews Guidelines for reopening of hospitality sector published By News Highland – October 22, 2012 Sinn Feins Finance spokesperson says last nights joint statement from the Taoiseach and German Chancellor clarifies nothing on Ireland’s bank debt.Last week she seemed to cast fresh doubt on the prospects of a deal for Ireland, saying EU money would only be used to deal with future debt problems.However Enda Kenny and Angela Merkel last night said they agreed that Ireland is a special case, and this should be taken into account.But Donegal Deputy Pearse Doherty says the German Chancellor just reiterated what she said in June last night….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/pearse.mp3[/podcast] Twitter WhatsApp Calls for maternity restrictions to be lifted at LUH Previous articleBritish Irish Parliamentary Assembly to meet in Donegal in March 2013Next articleSoccer – Devine Pleased With Form Ahead Of Cup Final News Highland Twitter Google+ Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img Deputy Doherty – Kenny/Merkel statement changes nothing Pinterest RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Three factors driving Donegal housing market – Robinson Pinterest WhatsApp Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more