Articles

Huntsville Team Continues Winning Ways at Foundation Golf Classic

For the fifth year in a row, the team representing the Huntsville Madison County Builders Association captured the Foundation Cup in the Alabama Home Builders Foundation Golf Classic. The Foundation’s 21st annual tournament was held on May 7, 2015 at the Robert Trent Jones-Cambrian Ridge course in Greenville. Alabama Foundation Specialists was the title sponsor for this year’s tournament. Huntsville team members included Bryan Askew, Max Barnett, Tim Ryberg and Bret Slaton. The annual tournament is organized by the HBAA’s Past Associate Committee Presidents, led this year by Garry Cooper....

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HOME BUILDERS SCHOLARSHIP DEADLINE MARCH 15

Students wishing to study the building trades in Alabama are invited to apply for a scholarship from the Alabama Home Builders Foundation. The deadline for submitting a scholarship application is March 15, 2015. The AHB Foundation, the charitable arm of the Home Builders Association of Alabama, awards scholarships to students who desire to study the building trades at any two-year, four-year or technical school in Alabama. Trades include brick masonry, carpentry, roofing, electrical technology, HVAC, and others. To apply for a scholarship, one must be an Alabama resident who is pursuing a...

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Buchalter, Edwards & Smith Chosen for Induction into Hall of Fame

Three builder members and Past Presidents of the HBAA have been selected for induction into the Alabama Building Industry Hall of Fame, the highest honor bestowed by the HBAA. This year’s inductees are Robert Buchalter of the Greater Birmingham Association of Home Builders, Bill Edwards of the Home Builders Association of Tuscaloosa, and Larry Smith of the Greater Montgomery Home Builders Association. The induction ceremony will take place during the Hall of Fame, President’s Awards and Officer Installation Banquet on Friday evening, November 7 at the Grand Hotel in Point Clear, Alabama. The...

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Victim or Survivor?

Imagine that you were lost in the Arctic for months, or seven years as the case may be. It has taken every ounce of your strength, endurance, and resources to make it back to civilization alive, barely. You have lost members of your party along the way, have learned to live with less of everything that you require to survive and have had to fight for your very existence from the time you wake up in the morning until you lay down at night, snatching periods of restless sleep in between listening for polar bears. Now you are home at last! You can relax and enjoy the hard earned rewards of...

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Federal Consumer Financial Laws Over Mortgage Servicing Transfers

The volume of mortgage servicing rights (MSR) transfers over the previous year has resulted in growing scrutiny from regulatory bodies and industry fears of uncertainty over new regulatory guidelines. This lack of clarity has been problematic for some non-depositories; specialty servicers that have used bulk MSR transfers and corporate acquisitions as a primary means of executing their growth strategies. As a group, the specialty servicers have grown in prominence over the past several years, and now represent approximately 41 percent of Ginnie Mae volumes and make up 9 and 7 of Fannie Mae...

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