The Federal Housing Finance Agency (FHFA) has announced the first pilot transaction under the Real Estate-Owned (REO) Initiative, targeted to some of the hardest-hit metropolitan areas in Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and parts of Florida. With this next step, pre-qualified … [Read more...]
Report Finds Most Markets Showing Positive Trends
February 24, 2012 by
Pro Teck Valuation Services’ report on the February HomeValueForecast.com Web site shows the majority of U.S. demonstrating more positive than negative market trends despite weak or soft status for top U.S. Core-Based Statistical Areas (CBSAs). This month’s analysis of real estate valuation … [Read more...]
LenderLive Settlement Services Expands Title Services Offerings With Acquisition of MoKan
February 23, 2012 by
LenderLive Settlement Services, a wholly-owned subsidiary of LenderLive Network Inc., has announced the acquisition of MoKan Title Services LLC. MoKan, with offices in Missouri and Kansas, offers basic and specialized title insurance coverage and services for residential and commercial lenders on … [Read more...]
A View Into 2012: Looking Back
February 20, 2012 by
Much like today's other surviving independent mortgage origination firms, Pacific Residential Mortgage LLC (PRM) has endured the business changes, housing environment correction and compliance overhaul that our entire industry has experienced over the past five years. While this has not been without … [Read more...]
Integra Group Real Estate Launches Short Sale Division
February 14, 2012 by
Integra Group Real Estate LLC, a brokerage firm specializing in the marketing and sale of real estate-owned (REO), U.S. Department of Housing & Urban Development (HUD) and distressed properties, has officially introduced its short sale department to assist homeowners with the resale of homes nearing … [Read more...]
830,000 Foreclosures Completed in 2011
February 9, 2012 by
CoreLogic has released its first national Foreclosure Report which provides monthly data on completed foreclosures, foreclosure inventory and 90-plus delinquency rates. Visit site: 830,000 Foreclosures Completed in 2011 … [Read more...]
Home Prices See 1.6 Percent Nationwide Quarter-Over-Quarter Decline
February 7, 2012 by
Clear Capital has released its Home Data Index (HDI) Market Report with data through the end of January 2012. The report finds that year-over-year home prices for the U.S. lost 2.6 percent through January; quarter-over-quarter home prices declined 1.6 percent nationwide; the market in the Midwest … [Read more...]
Distressed Home Sale Prices Drop 4.7 Percent in 2011
February 2, 2012 by
CoreLogic has released its December Home Price Index (HPI) report showing that distressed sales home prices in the U.S. More: Distressed Home Sale Prices Drop 4.7 Percent in 2011 … [Read more...]
REO Service Provider Outlines Trends in 2012
January 30, 2012 by
Field Asset Services (FAS), a provider of pre-foreclosure, real estate-owned (REO) and renovation field services to the mortgage servicing industry, has released its 2012 Top 10 predictions. Continued emphasis on providing superior customer service, the need to take initiative to pre-empt future … [Read more...]
New DataQuick Tool Analyzes Distressed Properties
January 27, 2012 by
DataQuick has announced the release of RiskFinder Distress, a tool that provides investors, lenders and servicers with the ability to search and analyze the risk levels of distressed properties nationwide. RiskFinder Distress enables users to track and analyze key distress events throughout the … [Read more...]