Foreclosure
August 24, 2011
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Category : Blog &Foreclosure &Mortgage
August 23, 2011
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Category : Blog &Foreclosure &Mortgage &Real Estate Market
August 10, 2011
Featured Story
Communication Plays a Key Role in Reducing Foreclosures
By Evan Nemeroff
Servicers believe that developing greater communication during the default resolution process is an integral aspect in order to reduce the number of foreclosures nationwide.
Trepp: Bank Failures on the Rise Again
By Evan Nemeroff
After two straight months of single-digit bank closures nationwide, there were 13 more banks that shut down in July, according to Trepp LLC.
| Stewart Lender Services Develops REO Services for Community Banks By Evan Nemeroff Stewart Lender Services, a subsidiary of Stewart Title Co., has created a boutique asset management and disposition solution model that offers REO services for community banks. |
| RealtyTrac Creates Tool to Target Lists of Default, Auction and REO Records By Evan Nemeroff RealtyTrac has launched a new Web-based foreclosure data search and download tool that creates lists of default, auction and REO records.
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Category : Foreclosure &Mortgage
August 2, 2011
| Featured StoryTrepp: CMBS Delinquency Sets All-Time Record in July By Amilda Dymi A Trepp report shows in July the overall U.S. delinquency rate of commercial mortgage-backed security loans jumped to 9.88%, an all-time record increase of 51 basis points compared to June—which is largely attributed to technical changes in data reporting and analytics. |
| Insiders Contemplate Loss Mitigation Tools
The stabilization of the housing market and foreclosure rate improvements are highly dependent on—among other factors—the efficiency of loss mitigation tools used by lenders and servicers, which is why attendees at the SourceMedia Third Annual Best Practices in Loss Mitigation Conference in Dallas discussed at length various issues pertaining to the present state of the market, including best servicing practices and loss mitigation tools. |
| FHFA May Issue Servicing Proposal with Just One Fee Structure By Paul Muolo The Mortgage Bankers Association fears that when the Federal Housing Finance Agency finally unveils its servicing fee structure proposal it will contain just one compensation model, and is appealing to the agency to include more. |
| Freddie Ranks Servicers in Conjunction With the Servicing Alignment Initiative By Amilda Dymi Tied to the agency’s Servicing Success Program, Freddie Mac’s new ranking system took off this month replacing the traditional performance tiers with more realistic valuations that open the door for improved servicer activity reviews and planning of needed remedial action. The new monthly ranking of a servicer’s performance and company profile is based on points earned during the prior month. A ranking is unacceptable when the scorecard places the servicer in the bottom 25% of all ranked servicers—which is when Freddie will review potential corrective intervention. |
| Freddie: ‘Cash-In’ Refis Still All the Rage By Paul Muolo Consumers who refinance are continuing to pay down their loans, at least in part, hoping to save thousands of dollars over the long haul, according to new figures compiled by Freddie Mac. |
| Good Quarter for Radian By Brad Finkelstein Radian Group Inc., Philadelphia, reported net income for the second quarter of $137 million, helped by widening spreads leading to a gain in fair value on its derivative portfolio of $194 million. One year prior, the company lost $475 million, due to a fair value charge of $588 million. |
Category : Agents & Brokers &Blog &Foreclosure
August 1, 2011
| Featured StoryWhat We’re Hearing: The Mortgage Interest Deduction is About to Get Whacked By Paul Muolo We have a debt deal, but let’s not kid ourselves: the mortgage and housing finance industries have been forever changed the past three years and one likely victim will be the mortgage interest deduction. President Obama, a Democrat, has no qualms about killing or whittling down the MID. (He’s not too keen on Fannie Mae and Freddie Mac either.) |
| Panelists Say Must Adopt Ways to do Short Sales Better By Austin Kilgore DALLAS – As servicers continue to manage the deluge of distressed homeowners and nonperforming mortgages, short sales are becoming an effective loss mitigation strategy. |
| MAC Faces Fine, Settles Charge By Regulators By Brian Collins State regulators fined Mortgage Access Corp., an affiliate of realty giant Weichert, $3 million for using unlicensed mortgage originators. The settlement covers 10 states. |
| The Dentist Diaries – Part 5 By Louise Thaxton Here we are five months into this series, the Dentist Diaries. Time flies when you are having fun, but not when you are having dental work done, nor when you are working on a tough loan file. This month I will share with you about some “unintended consequences” in both cases. |
| What We’re Hearing: The Debt Deal’s Big Winner: Rates By Paul Muolo In the wake of a purported debt deal, rates are falling, which is usually good news for both consumers and mortgage bankers. But how much new business will result from a 2.74% yield on the benchmark 10-year Treasury? (Does a debt downgrade even matter?) |
| Fannie Pulls the Plug on RMIC’s MI Unit By Brad Finkelstein Fannie Mae on Friday suspended Republic Mortgage Insurance Co. as an approved MI to the GSE and took the added step of suspending a subsidiary that RMIC planned to write all new business through come September 1. |
Category : Agents & Brokers &Blog &Foreclosure &Home Buying &Home Renting &Home Selling &Mortgage &Real Estate Market
