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Commercial Mortgages Put into Special Servicing Increased in 2018
National Mortgage News, Apr. 29, 2019--Brad Finkelstein (subscription)Commercial mortgages placed into special servicing grew last year, but default and foreclosure dollar volume fell as legacy loan resolutions outpaced newly distressed loans, according to Fitch Ratings.
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Mortgage Fraud Risk Rises for Ninth Consecutive Quarter
24/7 Wall Street, Apr. 29, 2019--Paul AusickThe national mortgage application fraud risk index rose from 151 to 152 quarter over quarter in the first quarter, according to researchers at CoreLogic.
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Marriott to Take On Airbnb in Booming Home-Rental Market
Wall Street Journal, Apr. 29, 2019--Craig Karmin (subscription)Marriott International Inc. is starting a new home-rental business, aiming to take on Airbnb Inc. and other home-sharing companies in one of the lodging industry's hottest segments.
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eNote Volumes on the Rise as Mortgage Industry Scales Tech
Mortgage Media, Apr. 29, 2019The mortgage industry can be slow to adapt to technological innovations, certainly not with consistency or scale--but when it happens, it yields rewards, notes Simon Moir, chief product officer for eOriginal.
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Labor Dept. Says Workers at a Gig Company Are Contractors
New York Times, Apr. 29, 2019--Noam ScheiberThe Labor Department weighed in Monday on a question whose answer could be worth billions of dollars to gig-economy companies, deciding that one company's workers were contractors, not employees.
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CFPB Announces Debt Collection Town Hall as it Preps New Proposal
National Mortgage News, APr. 29, 2019--Kate Berry (subscription)The Consumer Financial Protection Bureau is poised to unveil a regulatory proposal by as early as next week on how it plans to reform oversight of debt collectors.
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Critics Fear Shift at CFPB Will Let Firms Off the Hook
American Banker, Apr. 29, 2019--Kate Berry (subscription)By refocusing the Consumer Financial Protection Bureau on supervision instead of enforcement, Director Kathy Kraninger says she wants to prevent consumer harm. But skeptics say the new approach could have the opposite effect.
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