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DS News

Foreclosure Trends Amid an “Artificially Low” Period

13. August, 2020|DS News|No comments

Even once trends begin to change, one expert suggests several factors “should give many distressed homeowners an opportunity.”

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Expert Insights: An Update on Demand Letter Litigation

12. August, 2020|DS News|No comments

A recent ruling in Illinois has implications for mortgage servicers operating in the state. Here’s what you need to know.

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Many Struggling Homeowners are Overlooking Payment-Relief Options

12. August, 2020|DS News|No comments

A large number of Americans suffering economic difficulties aren’t even aware that help is available. This holds even more true for lower-income households. At least one-fifth of Americans are unaware of mortgage or rent relief options available to help in addressing the financial tumult created by the COVID-19 pandemic, according to Fannie Mae’s latest National …

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Could Housing Equity Help Cover Growing Retirement Costs?

12. August, 2020|DS News|No comments

Americans looking to their retirement with inadequate savings need to consider tapping into the equity value of their homes to help finance their post-career years, according to a Forbes op-ed column authored by Rayan Rafay, COO and CFO at Fraction, a San Francisco-area digital platform that provides homeowners with socially conscious financial solutions. Rafay, who …

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RealtyTrac Names Rick Shargra EVP of Marketing

12. August, 2020|DS News|No comments

Former Ten-X and Carrington executive Rick Shagra has joined RealtyTrac as its EVP of Marketing. Shagra brings decades of experience in consumer marketing, business development and data operations to the role. ATTOM Data Solutions, foreclosure data licensor and parent company to RealtyTrac, a foreclosure listings and search portal, Tuesday announced Sharga’s appointment. In this position, Sharga …

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HSBC Head of Mortgage Raman Muralidharan Talks Reevaluation

12. August, 2020|DS News|No comments

Editor’s note: This piece originally appeared in the August 2020 edition of DS News, now available. Raman Muralidharan, EVP and Head of Mortgage, HSBC has been with the bank for more than 16 years, has been Head of Mortgage for the past five years. As the head of mortgage, he’s responsible for the entire mortgage …

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Preparing for the End of Forbearance

11. August, 2020|DS News|No comments

Editor’s note: This piece originally appeared in the August 2020 edition of DS News, now available. It’s not too late for mortgage servicers to prepare for the next pandemic-driven event—a likely rise in loan modifications and loss mitigation requests. Charles Dickens and Mark Twain may have been contemporaries, but they sure didn’t see eye to …

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One-Third Of Americans Behind On Housing Bills

11. August, 2020|DS News|No comments

As the number of new cases of COVID-19 continue to increase across the world, so too do the number of Americans failing to make their housing payments this month. According to the experts at apartmentlist.com, August found just over one-third of Americans lacking sufficient funds to pay their housing bills. This marks the fourth month …

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How Many Americans Are Struggling to Pay for Housing?

11. August, 2020|DS News|No comments

While COVID-19 continues to wreak havoc across the world, unpaid housing debts were a common struggle for many as the month began.

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Where Delinquency Rates Are Headed

11. August, 2020|DS News|No comments

A new report examines the metros where homeowners are struggling most, and lays out predictions of where delinquency levels are headed in 2021.

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Record-Breaking Month for Mortgage-Backed Securities at Ginnie Mae

11. August, 2020|DS News|No comments

MBS issuances reached $70.04 billion, and the dollar amount reflects a greater number of families succeeding at homeownership. Mortgage-backed securities (MBS) issued by Ginnie Mae in July totaled a corporate-wide record of $70.04 billion. This translates to financing for more than 261,000 homeowners and renters, the agency reported. “As mortgage rates reached new all-time lows …

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Will Recent Executive Order on Evictions Protect Homeowners?

11. August, 2020|DS News|No comments

President Donald Trump on Saturday signed an executive order he said would protect Americans from eviction, along with other items. Housing advocates believe the order does not specifically prevent mass evictions. White House could do more, they say. President Trump stepped in due to a deadlock among lawmakers charged with drawing up a COVID-related stimulus …

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How COVID Is Changing the Mortgage Market

10. August, 2020|DS News|No comments

Paul Nagai, Managing Director, The Antares Company, discusses the effects the pandemic is having on the industry. Note: This piece previously appeared in the August edition of DS News.

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‘Foreclosure Tsunami’ Fears Might be Faulty—Here’s Why

10. August, 2020|DS News|No comments

Foreclosures will still happen, but, consider the two-step foreclosure process to understand why this recession is different. As COVID-19 swept America, economic activity declined, and the unemployment rate spiked to 14.4 percent in April (and remains elevated today), some pundits predicted that up to 30% of homeowners would require forbearance, ultimately leading to a “foreclosure …

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California AG to Servicers: Remember Duty to Struggling Homeowners

10. August, 2020|DS News|No comments

California Attorney General Xavier Becerra sent a letter to 33 mortgage servicing entities warning them that his office is monitoring their activities in regard to the state’s Homeowner Bill of Rights. He warned he will not hesitate to enact investigative and enforcement actions if they fail to “commit adequate resources to meet their legal obligations …

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