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From HW Magazine

Superior Home Services tackles damaged FHA properties in default

Hazard claim management solution addresses conveyance requirements
Superior has been managing hazard claims for mortgage servicers for more than 30 years, with the ultimate goal of maximizing those funds to remediate the damage at the subject property, and then executing those repairs with the insurance funds available. By offering a hazard claim management solution, Superior can now manage a mortgage servicer’s entire damaged property portfolio: government loans, conforming loans, private investor and bank-owned inventory. 
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From HW Magazine

2016 HW Vanguard Award winners

40 executives leading the mortgage industry
Amid the potential new direction from the White House, Congress and regulators, leadership in our industry is more important than ever. Which is why HousingWire is proud to present the 40 winners of our 2016 Vanguard award. These leaders from all segments of the mortgage ecosphere demonstrate that our industry is more than capable of meeting the challenges that lie ahead.
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Trump chooses Wilbur Ross as Commerce secretary

Nominee has long history in housing business
Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, has a long history in the housing business, but Mnuchin isn’t the only one of Trump’s latest appointments to boast such a history. Trump also announced that he chose Wilbur Ross to serve lead the Department of Commerce. Here's a look at Ross' history in housing.
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Trump picks former Goldman Sachs exec, OneWest chairman Steve Mnuchin to lead Treasury

Led mortgage bond trading at Goldman Sachs
Steve Mnuchin, a former executive at Goldman Sachs and former chairman of OneWest Bank, is President-elect Donald Trump’s choice to lead the Department of the Treasury during his administration, Trump’s transition team announced Wednesday morning. Here's more information on Mnuchin's long history in finance and mortgages and a look at the varied reactions to his appointment.
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KBRA: Mortgage lending will peak in 2016, fall off in 2017 and beyond

Rising interest rates, home price appreciation will slow originations
To borrow a phrase from Game of Thrones, winter is coming in more ways than just on the calendar. Winter is coming from mortgage lending too, according to a new report from Kroll Bond Rating Agency. KBRA’s new report states that 2016 will likely be the peak year for mortgage originations for “years to come,” as a fall in origination volume will occur in 2017 and beyond.
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CFPB warns companies about engaging in Wells Fargo-like sales incentives

Says unchecked sales goals can lead to harmful practices
The Consumer Financial Protection Bureau just fired a shot across the bow of all companies that provide financial services to consumers, warning companies about the risks inherent in sales incentives programs like the one that led to a massive fine being handed down against Wells Fargo.
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Is your company one of housing’s top tech innovators? Hurry up and prove it!

Deadline quickly approaching for 2017 HW TECH100
As the calendar ticks ever so much closer to 2017, the housing industry pushes ever so much further into the technological revolution, one that promises to reshape how the entire industry operates. We here at HousingWire, your loyal companions on this journey into the future, know that there are hundreds (if not thousands) of companies in the industry that are on the cutting edge of these exciting technological developments. We think everyone else should know that, too.
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Controversial overtime labor law stopped short of the starting line

Initially set to take effect Dec. 1.
Barely making the cut before the rule took effect, a federal judge blocked the new overtime labor law that would significantly change overtime pay. Since the rule never took effect, it’s hard to say the exact impact it would’ve had on the housing industry. However, it had the potential to create drastic change, especially for small business.
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Ally Financial to pay $52 million in ResCap toxic mortgage bond settlement

Marketed subprime RMBS deals knowing quality of mortgages
Ally Financial will pay $52 million to settle allegations that one of its subsidiaries, Residential Capital (also called ResCap), knowingly marketed mortgage bonds despite the fact that the underlying mortgages were toxic. Under the terms of the settlement agreement, Ally Securities, formerly known as Residential Funding Securities, will immediately discontinue operations and be de-registered as a broker-dealer as an acknowledgment of the improper conduct.
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CFPB fights back against "unconstitutional" ruling; asks court to rehear PHH case

Embattled agency asks for full Court of Appeals review
The Consumer Financial Protection Bureau is not ready to give up in its fight against PHH. The case started when the bureau added $103 million to a $6 million fine against PHH for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks. PHH sued, and the CFPB’s leadership structure was eventually declared unconstitutional by the United States Court of Appeals for the District of Columbia Circuit. On Friday, the CFPB asked the full court to rehear the case.
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