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Ryan Vogt Joins ServiceLink

25. November, 2020|DS News|No comments

Starting in the mortgage industry in 2007, Vogt brings over 13 years’ client-centered sales and default industry experience.

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Paladino to Lead North America Structured Finance at Fitch

25. November, 2020|DS News|No comments

Prior to joining the Structured Finance leadership team, Paladino headed Fitch’s U.S. Leveraged Finance platform and oversaw coverage for Real Estate & Leisure teams within Fitch’s Corporate Finance group.

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COVID-19 Exacerbates Low-Income Households’ Cost Burdens

25. November, 2020|DS News|No comments

COVID-19 is having an especially pronounced impact on the affordability of housing among low-income individuals, according to a survey from Harvard University’s Joint Center for Housing Studies. The newly released American Community Survey shows an ongoing downshift in cost burdens in 2019. While the share of all cost-burdened homeowners–which are those spending more than 30% …

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Shumate Tapped to Oversee Title Support at SLK Global

25. November, 2020|DS News|No comments

SLK Global Solutions, a provider of technology-enabled platform solutions for the financial services industry, announced that Alan Shumate has been hired as VP of Business Development with oversight of SLK’s title and tax solutions team

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Most Americans Don’t Fully Understand Their Homeowner’s Insurance Policy

25. November, 2020|DS News|No comments

While a home insurance policy is a must-have for any residential property owner, more than a few homeowners lack a proper understanding of what their policies cover. According to a new published nationwide survey by Plymouth Rock Home Assurance that polled 1,000 homeowners, only 30% of respondents admitted they confident that they knew what their …

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Remote Work Boosts Black Renters’ Ability to Buy Homes

25. November, 2020|DS News|No comments

According to a recent report published by Zillow, the recent rise in remote work, which has resulted from COVID-19, has affected the housing industry in interesting ways. Zillow data shows that among American renters, Black renters are 29% more likely than other renters in large metro areas to “be able to buy their first home …

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The Best of DS5: Inside the Industry – Part 2

25. November, 2020|DS News|No comments

Featuring a lineup of prominent economists and experts, DS News invites you to revist some of our top interviews from the first nine months of DS5: Inside the Industry.

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The Week Ahead: CARES, Home Sales, Construction, and Jobs

25. November, 2020|DS News|No comments

The Committee on Banking, Housing, and Urban Affairs will meet Tuesday, December 1 in open-session, hybrid format, to conduct a hearing entitled “The Quarterly CARES Act Report to Congress.” Content from the last such quarterly report is documented in this literature published in September. These CARES Act hearings, according to the witnesses, cover a “complex …

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The Best of DS5: Inside the Industry – Part 1

25. November, 2020|DS News|No comments

Last spring, Five Star Global launched DS5: Inside the Industry, a video newscast format that highlights economic and industry updates from its executives and leaders. Here are some of the best interviews DS5 has shared in the months since.

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Most Foreclosures are on Vacant, Abandoned Properties

24. November, 2020|DS News|No comments

Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Aution.com shows. While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September. That said, the moratoria have played a part in creating a backlog of likely foreclosures that …

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‘Slow Down in Exits’ Means Increased Overall Forbearance Activity

24. November, 2020|DS News|No comments

The total number of loans in forbearance took a slight uptick in the latest data from the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. As of Nov. 15, loans in forbearance accounted for 5.48% of servicers’ portfolio volume, up from 5.47% one week earlier. The MBA estimated 2.7 million homeowners are currently in …

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The Suburbs’ Changing Demographics

24. November, 2020|DS News|No comments

Over the last decade, U.S. suburbs have become more racially and ethnically diverse—not to mention more Democratic, according to Redfin.com. To get a better handle on this transition, the company studied data from the U.S. Census, along with Redfin’s housing market data and voting margins from the last three presidential elections. Among key findings, in …

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Homeownership for Black Americans Comes With Fewer Benefits

24. November, 2020|DS News|No comments

Owning a home is a tool for building wealth and stability, but a report from researchers at the Urban Institute indicates that is less applicable to people of color. Not only do Black Americans face more barriers to homeownership, but they also accrue less wealth than their White counterparts when they become homeowners. And the …

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Janet Yellen Reportedly is Biden’s Treasury Secretary Pick

23. November, 2020|DS News|No comments

President-Elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as his Treasury Secretary, several news outlets report, and the Associated Press has confirmed, through an unnamed source. Yellen would be the first woman to head the U.S. Treasury—and that’s about seven years after she became the first woman to lead the Fed. The …

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Fannie Mae Recognized as a Top Company for Inclusion

23. November, 2020|DS News|No comments

Fannie Mae was named a top company for inclusion by the National Business Inclusion Consortium, a coalition formed by the National LGBT Chamber of Commerce, according to Fannie Mae. This year’s fifth annual “Best-of-the-Best Corporations for Inclusion” cohort features corporations that across all communities in America are all in on diversity and inclusion. Internal, external, …

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