Dan Green In Mortgage Banking Cyberspace
PERSON OF THE WEEK: Do you Tweet? Are you blogging? How many Facebook friends do you have? Are you even using the Internet...
A Cup Of Cold Tea
BLOG VIEW: It is impossible to tap into any U.S. news outlet without encountering the in-your-face shenanigans of the Tea Party movement. Not...
Feb. HPI Shows First Annual Increase In Three Years
National home prices, including distressed sales, increased by 0.3% in February 2010 compared to February 2009, according to First American CoreLogic and its...
Ensuring High Loan Standards With High-Tech Compliance Planning
REQUIRED READING: If lenders have some 'skin in the game,' they're going to originate loans that are safe for the consumer and sound...
Foreclosure Fast-Tracking: A Field Servicer’s Perspective
REQUIRED READING: The federal government and state and local legislatures across the country have struggled to find ways to lessen the impact of...
Torpedoing Reform
BLOG VIEW: With each passing day, the political debate surrounding the proposed overhaul of financial regulation is starting to look more and more...
SIGTARP Weighs In On HAMP Revisions
The Treasury Department should reevaluate the voluntary nature of its recently announced principal-reduction program, according to the Troubled Asset Relief Program Special Inspector...
Jan Sternin On How Data Standards Could Have Helped Prevent A Crisis
PERSON OF THE WEEK: MortgageOrb caught up with Jan Sternin, managing director at the Situs Cos., a provider of global commercial real estate...
Goldman Sachs Contests SEC Charges
Goldman Sachs issued two back-to-back statements Friday afternoon in response to the Securities and Exchange Commission's (SEC) blockbuster announcement that it was suing...
Mortgage Banking Meets Earth Day
BLOG VIEW: Did you know that this Thursday, April 22, is Earth Day? That annual celebration of protecting the environment first took place...
Applying Proper Technology To Deal With Distress
REQUIRED READING: Forecasters generally agree that this year and next year, the commercial real estate (CRE) market will experience escalated delinquency, nonaccrual and...
Investors Call For ‘More Robust’ Foreclosure Solutions
The Treasury Department's March report on the Home Affordable Modification Program (HAMP) provided 'more evidence that the root causes of homeowner defaults have...
More HAMP Trials Canceled Than Converted
More than 60,500 trial modifications were converted into permanent mods in March under the Home Affordable Modification Program (HAMP), the Treasury Department reports....
White House, McConnell Trade Barbs On Senate Bill
The White House's renewed push for financial reform this week was met by resistance in the form of Senate Republican Leader Mitch McConnell,...
The Subservicing Sector: No Shortage Of Activity
REQUIRED READING: Keeping tabs on the subservicing sector is no easy feat. For starters, there is no industry data tied specifically to this...
Public Comments, Forums To Shape Housing Finance
The Obama administration has released questions for public comment on the future of the housing finance system, including Fannie Mae and Freddie Mac,...
Wade Comeaux Weighs In On HAMP Revisions
PERSON OF THE WEEK: As servicers prepare their systems and staff for the previously announced revisions to the Home Affordable Modification Program (HAMP),...
Big Four Testify On Principal Reductions
Despite prodding from lawmakers to write down second-lien mortgages and new guidance from the Treasury Department that incentivizes such reductions, representatives from the...
Alan Greenspan Waltzes Away From Responsibility
BLOG VIEW: Last week, I saw a pair of bizarre and bewildering spectacles on television: Kate Gosselin flatfooting her way through Lady Gaga's...
BofA Nears 33K Permanent HAMP Mods
Bank of America has placed nearly 33,000 homeowners into completed mortgage modifications under the Home Affordable Modification Program (HAMP), including more than 12,000...