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The Importance of Single-Family Green Mortgage-Backed Securities9. April, 2021|DS News|No commentsEditor’s note: This article appears in the April 2021 issue of DS News magazine, available here. Arthur Johnson serves as VP of Fannie Mae’s Capital Markets, leading the Mortgage-Backed Security (MBS) Policy team responsible for maintaining the integrity of its securitization programs. The team provides policy guidance and decisions related to business priorities impacting MBS … The post The Importance of Single-Family Green Mortgage-Backed Securities appeared first on DSNews. |
The Industry Pulse: Providers and Firms Announce Additions9. April, 2021|DS News|No commentsBSI Financial Services, a mortgage-centric financial services company, announced today that it has hired Michael Bugbee as VP of Client Success. He will lead the company’s broader strategy to better align the delivery of its robust and client-centric focus with the expanding needs of BSI’s growing primary and specialty servicer client base. “Michael’s depth … The post The Industry Pulse: Providers and Firms Announce Additions appeared first on DSNews. |
BSI Financial’s New VP of Client Success9. April, 2021|DS News|No commentsBSI Financial Services, a mortgage-centric financial services company, announced today that Michael Bugbee has been hired as VP of Client Success, where he will lead the company’s broader strategy to better align the delivery of its robust and client-centric focus with the expanding needs of BSI’s growing primary and specialty servicer client base. “Michael’s depth of … The post BSI Financial’s New VP of Client Success appeared first on DSNews. |
The Week Ahead: The Great American Housing Facelift9. April, 2021|DS News|No commentsThis week, the House Financial Services Committee will host a virtual hearing, “Building Back Better: Examining the Need for Investments in America’s Housing and Financial Infrastructure,” set for Wednesday, April 14 at 10:00 a.m. ET. House Financial Services Committee Chairwoman Maxine Waters (D-CA) will lead the hearing, which will discuss measures the industry and government … The post The Week Ahead: The Great American Housing Facelift appeared first on DSNews. |
Forbearances Experience Largest Decline in Six Months9. April, 2021|DS News|No commentsFollowing a five-week streak in improvement when it comes to mortgage forbearance volumes across the country, the data team at Black Knight reports not only the sixth week of declining activity but also the largest dip in six months. In fact, the number of plans in one week dropped by 228,000—a 9% drop in over … The post Forbearances Experience Largest Decline in Six Months appeared first on DSNews. |
HUD Allocates $5B to Create Affordable Housing8. April, 2021|DS News|No commentsU.S. Department of Housing and Urban Development (HUD) will allocate about $5 billion in American Rescue Plan funds to create affordable housing and provide services for those facing homelessness. HUD Secretary Marcia L. Fudge delivered the news during a Zoom conference with U.S. Senator Sherrod Brown (OH), Michigan Governor Gretchen Whitmer, and Birmingham, Alabama Mayor Randall … The post HUD Allocates $5B to Create Affordable Housing appeared first on DSNews. |
Remote Workers Pushing Demand for Second Homes8. April, 2021|DS News|No commentsDespite the nationwide rollout of COVID-19 vaccinations and a return to life as once was normal, pandemic-driven demand for second homes is soaring, as many remote workers are opting to spend at least part of their time in vacation destinations, even as some companies are planning for workers to return to the office. According to … The post Remote Workers Pushing Demand for Second Homes appeared first on DSNews. |
Strategic Opportunity Zone Investment8. April, 2021|DS News|No commentsEllavoz Impact Capital President and CEO Robert Hutchins discusses his company’s approach to developing distressed asset communities. The post Strategic Opportunity Zone Investment appeared first on DSNews. |
Seller’s Market Continues to Flourish8. April, 2021|DS News|No commentsHouseCanary’s latest Market Pulse report finds that monthly new listing volume is down 11.5% in March 2021, compared to March 2020. Since March 2020, there have been 2,906,925 net new listings placed on the market, a 0.6% decrease versus the same period in 2019. In total, for the month of March 2021, 284,298 net new … The post Seller’s Market Continues to Flourish appeared first on DSNews. |
Ginnie Mae: MBS Remain Source of Affordable Financing for Homeownership8. April, 2021|DS News|No commentsGinnie Mae on Thursday announced that mortgage-backed securities (MBS) continue to be a source of affordable financing for homeownership and rental housing. For March, Ginnie Mae reported an MBS issuance volume of $82.25 billion in March, up from $77 billion issued in February. Issuance continues to be fueled by across-the-board demand for government-backed mortgages as … The post Ginnie Mae: MBS Remain Source of Affordable Financing for Homeownership appeared first on DSNews. |
Michael Anselmo Joins the Codilis Family of Firms8. April, 2021|DS News|No commentsOn joining the Codilis Family of Firms, Anselmo stated, “I am extremely pleased to be joining a firm with such a resoundingly positive reputation, and for having the opportunity to take part in this dynamic teams’ solidarity. The post Michael Anselmo Joins the Codilis Family of Firms appeared first on DSNews. |
Mortgage Connect Names Ian Morganas Chief Information Security Officer8. April, 2021|DS News|No comments“Ian’s extensive knowledge coupled with his ‘roll your sleeves up and jump in mentality’ makes him a perfect fit for our organization,” said Gabe Minton, EVP, Chief Information Officer, Mortgage Connect. The post Mortgage Connect Names Ian Morganas Chief Information Security Officer appeared first on DSNews. |
Servicers, Bankers React to CFPB’s Proposed Foreclosure-Avoidance Actions8. April, 2021|DS News|No commentsIn order to prevent a tide of foreclosures that could overwhelm servicers, the Consumer Financial Protection Bureau (CFPB) earlier this week proposed a number of actions, including rules that would push potential filings out to January 2022. “Millions of families are at risk of losing their homes to foreclosure in the coming months, even as … The post Servicers, Bankers React to CFPB’s Proposed Foreclosure-Avoidance Actions appeared first on DSNews. |
Homeowners Experience Largest Property Tax Hike in Four Years8. April, 2021|DS News|No commentsThe latest stats “speak loud and clear about the continuing pressure on both recent and longtime homeowners to support the rising cost of public services,” according to data analysts. The post Homeowners Experience Largest Property Tax Hike in Four Years appeared first on DSNews. |
Some Things Are Better in Bulk7. April, 2021|DS News|No commentsBulk title transactions can streamline sales and purchases for investors. The post Some Things Are Better in Bulk appeared first on DSNews. |
