3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
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Servicing

HomeStar Property Solutions officially opens Texas office

Will keep growing operations
April 23, 2014
"It's an important next step for HomeStar," said Bradley Trapnell, senior vice president of business development for HomeStar, who helped establish the Dallas location. "There are many incentives to having an office in Dallas; being close to mortgage servicing and investor clients, and having access to a tremendous base of industry talent was chief among them."
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5 lists that reveal the state of the recovery

Foreclosure starts at 7.5 year low
April 22, 2014
It's not new news that the housing market is improving as delinquency and foreclosure rates decline to levels not seen since October 2007 and 2008, respectively.
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Altisource stock yo-yo's after Lawsky’s callout

April 21, 2014
Altisource’s stock bounced all over the map after news of New York State’s Department of Financial Services Superintendent Benjamin Lawsky's letter broke on HousingWire.
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WFC can't keep alleged bogus foreclosure manual out of court

U.S. judge allows discovery on Tirelli's smoking gun
April 21, 2014
A New York judge ruled that Wells Fargo can’t keep its Home Mortgage Foreclosure Attorney Procedure Manual out of two lawsuits in federal court.
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Lawsky demands answers about Ocwen, Altisource and Hubzu

Letter comes days after Ocwen CEO says Lawsky holding up MSRs
April 21, 2014
Things are heating up in the conflict between New York's top bank regulator and Ocwen Financial Services, just days after Ocwen's CEO said Lawsky's office is putting a freeze on the MSR marketplace.
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Despite new law, Florida foreclosures take longer

April 18, 2014
Florida recently passed a new law to help speed the foreclosure process up. But there's just one problem: the process is actually getting longer.
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The states and cities with the most underwater homes

RealtyTrac breaks down the trouble hotspots
April 17, 2014
But where are they? And how do they breakdown? HousingWire will walk you through it.
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17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline
April 16, 2014
Fully 9.1 million U.S. residential properties were seriously underwater, representing 17% of all properties with a mortgage in the first quarter, according to RealtyTrac’s U.S. Home Equity & Underwater Report for the first quarter of 2014.
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Marinosci Law Group announces West Coast expansion

April 14, 2014
This will be Marinosci Law Group's first office in California. Tye Merritt will serve as managing partner of MLG’s California division.
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Fannie Mae stops working with two Colorado law firms

Negative headlines included claims of foreclosure fee-padding
April 10, 2014
Fannie Mae has instructed servicers to cease referrals of new foreclosure cases to Aronowitz & Mecklenburg and the Castle Law Group and to transfer existing cases at those law firms to other firms.
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