Sunday, 26 January, 2020

Subscribe to Coester News:

Enter your email address:

Delivered by FeedBurner

Category: DS News


Overall U.S. delinquency rates are at an all-time low at 3.6%, but according to the Annual Report on the State of the Default Servicing Industry from Altisource, servicing professionals expect the rates for certain loan types to grow—specifically FHA and private lender loans. Of the servicing professionals Altisource surveyed, 90% cited that their organization currently services FHA loans, up from Read more…


Data from Zumper found that smaller cities on the outskirts of larger metropolitan areas are experiencing rent growth as affordability issues linger across the nation.  Oakland, California, saw a 62% increase in rental demand from 2018 to 2019, while San Francisco’s demand grew by 23%. The report states many renters are being priced out of San Francisco, with rental prices Read more…


LERETA, LLC, a provider of real estate tax and flood services for mortgage servicers nationwide, has tapped Michael Whiting as SVP of tax operations in its Dallas office. Whiting is responsible for continuing to enhance the technical innovation and client engagement of LERETA’s tax, oil and gas and trust business. “Michael has the industry experience and leadership background that will Read more…


LERETA, LLC, a provider of real estate tax and flood services for mortgage servicers nationwide, has tapped Michael Whiting as SVP of tax operations in its Dallas office. Whiting is responsible for continuing to enhance the technical innovation and client engagement of LERETA’s tax, oil and gas and trust business. “Michael has the industry experience and leadership background that will Read more…


Editor’s note: This feature originally appeared in the January issue of DS News Residential mortgages receive preferred treatment in Chapter 13 cases—the “anti-modification” provisions of the Bankruptcy Code generally prevent a debtor from modifying claims secured only by the debtor’s residence, even when the property is “underwater.” But what if the residential mortgage obligation matures prior to or during the pendency Read more…


Editor’s note: This feature originally appeared in the January issue of DS News Residential mortgages receive preferred treatment in Chapter 13 cases—the “anti-modification” provisions of the Bankruptcy Code generally prevent a debtor from modifying claims secured only by the debtor’s residence, even when the property is “underwater.” But what if the residential mortgage obligation matures prior to or during the pendency Read more…


Southern states including Mississippi, Louisiana, Alabama, and Arkansas held some of the largest volumes of non-current loans in the country. As of December 2019, Mississippi holds the highest volume at 9.99%, though this is a month-over-month decline from November’s 10.44%, and a 0.93% decline year-over-year, according to Black Knight’s First Look at December 2019 data. All top five states in Read more…


Editor’s note: This feature originally appeared in the January issue of DS News On September 13, 2019, two changes went into effect in New York State that impact the ability of Limited Liability Companies to buy and sell residential real property. New York State amended Tax Law Section 1409(a) and added subsection (h) to Section 11-205 of New York City’s Read more…


Editor’s note: This feature originally appeared in the January issue of DS News From increased fraud risk to the ongoing low-volume foreclosure environment, those working in financial services and default servicing law faced a multitude of challenges in 2019. Here at the dawn of a new decade, DS News spoke to an array of subject-matter experts representing the firms and Read more…


Many foreclosures during the recession occurred in minority or disadvantaged neighborhoods, the Joint Center for Housing Studies of Harvard University (JSHS) notes, but in a paper recently published in City and Community, Jackelyn Hwang, Assistant Professor of Sociology at Stanford, takes a closer look at how foreclosure purchases shift at the neighborhood level, with a focus on Boston. In her Read more…


Editor’s note: This feature originally appeared in the January issue of DS News An order for discharge in bankruptcy acts as an injunction against any act to collect, recover, or offset a discharged debt. This includes the commencement or continuation of a lawsuit for same. The United States Code sections 524 and 105 authorize a court to impose civil contempt Read more…


In January 2019, Microsoft announced an investment of $500 million in affordable housing in the Seattle area. This month, the tech giant followed up the announcement with a $250 million increase to their affordable housing initiative in the form of a line of credit to the Washington State Finance Commission. According to Microsoft, this line of credit will enable the Read more…


LERETA, LLC, a provider of real estate tax and flood services for mortgage servicers nationwide, has tapped Michael Whiting as SVP of tax operations in its Dallas office. Whiting is responsible for continuing to enhance the technical innovation and client engagement of LERETA’s tax, oil and gas and trust business. “Michael has the industry experience and leadership background that will Read more…


Rentec Direct has partnered with The Closing Docs, an automated income verification company, to expedite and enhance the tenant screening process for landlords and property managers. By incorporating this solution from The Closing Docs, Rentec Direct users can now easily order automated income verification reports during the tenant screening process. “As a landlord myself, I understand the importance of carefully Read more…


U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Benjamin Carson has announced the release of an $8.2 billion in aid to Puerto Rico to assist with disaster recovery efforts. “Now that proper financial controls are in place, implementing the second phase of Puerto Rico’s disaster recovery program can move forward with an extension to its line of credit,” Read more…