CFSI Loan Management has added David Olson to their team as VP of business development. He comes to CFSI Loan Management after having spent more than 20 years in various roles with various business services and niche financial services firms.
Read More »SEC Charges Home Loan Servicing For Material Misstatements Related to Ocwen
The Securities and Exchange Commission announced Monday that it has charged Home Loan Servicing Solutions for making "material misstatements" about handling transactions with related parties, including Ocwen Financial Corp.
Read More »Real Estate Market Moves From Seller’s to Buyer’s Favor
As the season changes, prices soften, and homes remain on the market longer, the real estate market transitioned a seller's market to a buyer's market in September.
Read More »Cash-Out Refinances Rise As Borrowers Capitalize on Increased Equities
Cash-out refinance volume rose nearly 70 percent year-over-year in the second quarter of 2015, as borrowers took advantage of the increased equity available to them and historically low mortgage interest rates.
Read More »Stock Market Vulnerability Expected to Weaken Global Growth
Following recent volatile stock market reports, the Global Economic Outlook from Fitch Ratings forecasts that the global economy will grow by 2.3 percent in 2015, the weakest growth recorded since the global financial crisis in 2009.
Read More »House to Vote on TRID ‘Hold Harmless’ Grace Period Next Week
The House of Representatives will vote next week on a bill that will provide a hold harmless grace period for the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure Rule, which is set to go into effect October 3.
Read More »Housing Growth Could Slow With Weak September Jobs Report
The lower-than-expected labor market gains for September brought the average monthly job growth for the year down below 200,000, which could possibly slow down the heretofore robust activity for the housing industry so far in 2015.
Read More »St. Louis Fed President Calls for More Regulatory Relief for Community Bankers
Small, community banks require more regulatory relief, especially those that hold mortgage originations, so what can be done to reduce this burden?
Read More »HUD’s OIG Audit Finds loanDepot Originated Ineligible Loans
The Office of the Inspector General of HUD found that loanDepot, LLC, originated loans using ineligible downpayment assistance gifts out of HUD Federal H0using Administration requirements, according to a recent audit.
Read More »Residential Construction Spending Increases in August
The U.S. Census Bureau reported Thursday that residential construction spending increased 0.7 percent in August to an estimated seasonally adjusted annual rate of $1,086.2 billion from the upwardly revised estimate of $1,079.1 billion in July.
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