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News & Events

The Big 'If' (Mortgage Compliance)

June 1, 2017 - For whatever reason, stock market-themed flicks have been among Hollywood's most popular movies. In 1987, who didn't dig Charlie Sheen and Michael Douglas in "Wall Street"? In 2013, we fell in love with Leonardo DiCaprio in "The Wolf of Wall Street." More recently, the "Big Short" was the big deal. It's hard to pinpoint why we love these movies so much. Maybe it's the excess - or it's as close as it gets to real life without any of us actually having to go to jail. What we can take from these movies is that life can be stranger than fiction. Who's to say that in today's "fake news" world, life won't repeat itself?

Secondary Marketing Executive article >

The October Foreclosure Surprise

November 14, 2016 - Over the past few years, there is one area of our lives that’s been consistently spooky - the national real estate market. Luckily, it has bounced back from the foreclosure crisis and economic meltdown. There are certain pockets within the country that remain in flux, but overall, the national real estate market looks good.

Mortgage Orb Article >

Mortgage Bubble Trouble

September 12, 2016 - Now that Labor Day has passed, you can't wear white and the NFL is front-page news again. This year, the presidential election coverage engulfs the evening news and the Twitter-sphere. As part of that circus, many financial forecast triggers are in full swing based on this demarcation point. Post Labor Day presidential press conferences repeat countless election promises. The nation’s housing market is typically part of that conversation. On the surface, it appears that the national real estate market is in a much better position than in past elections.

Mortgage Orb Article >

What Exactly Are Customary And Reasonable Fees, Anyway?

September 1, 2016 - When it comes to determining payment delivery dates and setting fees, AMCs and appraisers could use a little more regulatory clarity. On July 21, 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. As a result, there have been a variety of areas of the financial services industry that have been impacted. This very topic has been a lightning rod in this year’s presidential race. Some say it is for the better, and some say it is for the worse, while others reserve their comments.

Secondary Marketing Executive Article >

The Black Hole Known As TRID

September 25, 2015 - Who knew Christmas would come early this year? At least, it did for everyone associated with the mortgage lending industry when the Consumer Financial Protection Bureau (CFPB) in July announced that it was pushing back implementation of its new TILA-RESPA Integrated Disclosures rules from Aug. 1 to Oct. 3.

Mortgage Orb Article >

Is There A Rainbow On The Horizon For First-Time Home Buyers?

July 13, 2015 - Despite mortgage interest rates remaining at all-time lows through the first half of this year, first-time home buyers (FTHBs) have not been able to take advantage of them.

Mortgage Orb Article >

Women Owned Businesses and Diversity in the Mortgage Industry
July 2015 - The Five Star Institute recently announced the launch of the American Mortgage Diversity Council (AMDC) to drive the application and promotion of diversity practices across the mortgage industry and to advance solutions and initiatives that correspond to Section 342 of the Dodd-Frank Act. Read more >

Reverse Mortgages: A Risky Opportunity For Lenders?

May 22, 2015 - As the U.S. economy continues to heal from the effects of the Great Recession, consumers are turning their focus back to retirement in the hopes of living in comfort as they enter their golden years. For reverse mortgage bankers, therein lies the trillion-dollar opportunity.

Mortgage Orb Article >

Why The PTFA Is Good For Servicers
January 2015 - The sunsetting of the Protecting Tenants at Foreclosure Act means servicers could be in for a bumpy ride when navigating new state laws protecting tenants.
Servicing Management Article >

REO Vacant Property Registration ("VPR")
October 2012 - REO and Vacant Property Registration (VPR) that affect properties nationwide were not at the forefront of conversation until 2011. Since then, the winds have changed and the sails have brought us to a new era in REO liquidation. Regardless of the community you live in, REO properties are everywhere; most people have friends, family or neighbors that are in foreclosure. Read more >   DS News Article >

Industry Compliance Letter
January 2012 - 2011' has been a challenging year for the industry due to a large number of legislative acts that have been enacted throughout the country, greatly affecting the appraisal process. 2012' is slated to be no different, and just as challenging with an implementation forecast of Appraisal Management Company Registration Acts ["AMC"] in several states. Read more >

Woman Owned Announcement (WBENC)
November 2011 - Financial Asset Services, Inc. (FAS), announced today that it has been recognized by the Woman’s Business Enterprise National Counsel (WBENC) as a member and has been granted its Woman Business Enterprise Certification (WBE). Read more >

Industry Groups Join Forces to Change Hawaii's BPO Law
August 2011 - The state of Hawaii has enacted House Bill 320, a statute that permits a licensed real estate broker or real estate salesperson to prepare broker price opinions (BPOs) and charge a fee for their service. Read more > Article

FAS AMC' Licenses
March 2011 - Financial Asset Services, Inc. (FAS), is in compliance with recent licensing requirements. Read more >

Woman Owned Announcement (NWBOC)
December 2010 - Financial Asset Services, Inc. (FAS), announced today that it has been recognized by the National Women Business Owners Corporation (NWBOC) as a member and has been granted its Woman Business Enterprise Certification (WBE). Read more >

The Dodd-Frank Act
November 2010 - On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law. Read more >

FHA Appraisals
November 2010 - Financial Asset Services has implemented several quality control guidelines to ensure all FHA appraisals ordered through FAS meet the standards for FHA acceptance: Read more >

FNMA Guidelines
October 2010 - Fannie Mae recently published it's new Appraiser Independence Requirements on October 15, 2010 Read more >

FAS announces the launch of a New Door Knock Service
August 2010 - Financial Asset Services, Inc. announced today that it has launched a new Door Knock service designed to help mortgage servicers in their loss mitigation efforts. Read more >

FAS launches new brand identity for default management services
June 2010 - Financial Asset Services, Inc. today announced the launching of their new website and tagline of "Welcome To Simple." Read more >

FAS successfully passes SAS70 Type II audit
March 2010 - Financial Asset Services, Inc. today announced that they have successfully completed a SAS 70 Type 2 audit. Read more >

FAS helps build a house for "Habitat for Humanity"
August 2009 - Financial Asset Services, Inc. announces its participation in a build out home project with Habitat for Humanity on August 20th, 2009. Read more >

Habitat For Humanity recognizes FAS
May 2009 - Financial Asset Services, Inc. received recognition from the Orange County chapter of Habitat for Humanity as a supporter of the organization's Home Build Out program. Read more >

FAS launches Title Curative Group
April 2009 - In response to customer needs, Financial Asset Services, Inc. has launched a specialty group to handle title curative services to expedite property disposition. Read more >

FAS celebrates 30 year anniversary
February 2009 - Established in 1979, FAS has been a trusted leader in asset management services. Read more >

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