Douglas S. Ashe has been named chief executive officer of AssetLink LP, a real-estate-owned/asset management company, and executive vice president of business development and strategic planning for ServiceLink, AssetLink's parent company.ServiceLink is a centralized loan closing management company headquartered in Aliquippa, Pa. AssetLink said Mr. Ashe is a nationally recognized authority in the REO industry who has been president of Clayton National Inc., a third-party special servicer, and of Prudential Asset Recovery, a third-party residential REO management company. He will report to ServiceLink CEO Jeff Coury, and Ken Westfall will remain president of AssetLink. "ServiceLink redefined the settlement services industry in a very short period of time, and AssetLink has set out to do the same in the REO business," Mr. Ashe said. AssetLink can be found online at http://www.assetlinklp.com.
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Experts aren't forecasting immediate relief and instead are citing silver linings in rate certainty and greater mortgage demand as compared to the same time last year.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
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Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
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The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
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Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
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