Wednesday, April 24, 2024

REO

GSEs’ Loan Forbearance Numbers Continued to Drop in Q4 2023

The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2023 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention...

ATTOM: Foreclosure Filings Jumped 10 Percent in January 

Foreclosure filings - including default notices, scheduled auctions or bank repossessions - surged 10% in January compared with December and were up 5% compared...

CaseMax Teams With Provana to Automate Bankruptcy E-Filing

CaseMax, which provides case management systems to law firms operating in the financial services industry, has partnered with Provana, which offers a suite of...

Foreclosure Activity Down in February but Still Up Year over Year

ATTOM’s latest U.S. Foreclosure Market Report shows there were a total of 30,528 U.S. properties with foreclosure filings in February, down 3 percent from...

VRM Mortgage Services Promotes Leigh Gibson to VP of Strategic Initiatives

Leigh Gibson has been promoted to vice president of strategic initiatives at REO asset management firm VRM Mortgage Services. Gibson has been successful in developing...

Foreclosures Decrease 8 Percent from March, Increase 160 Percent Over Last Year

ATTOM’s April 2022 U.S. Foreclosure Market Report shows there were a total of 30,674 U.S. properties with foreclosure filings – default notices, scheduled auctions...

FHA Expands REO Purchase Opportunities For Owner-Occupant Buyers

The Federal Housing Administration (FHA) is increasing the exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for...

October Figures Show Continued Increase in Foreclosure Activity

ATTOM has released its October 2021 U.S. Foreclosure Market Report, showing there was a total of 20,587 U.S. properties with foreclosure filings – default...

Data Show July 2021 U.S. Foreclosure Activity Declined Slightly

ATTOM has released its July 2021 U.S. Foreclosure Market Report, which shows there were a total of 12,483 U.S. properties with foreclosure filings –...

PHH Mortgage Buying Reverse Mortgage Solutions Inc.

Ocwen Financial Corp.’s PHH Mortgage subsidiary has entered into an agreement with Reverse Mortgage Solutions Inc. (RMS) and its parent, Mortgage Assets Management LLC...

RES.NET Rolls Out Enhanced REO Portal

RES.NET, a technology platform for loan default management, has released an enhanced version of its REO portal. The company says the new version has advanced...

preREO Names Talia Ramos Director of Post-Closing

preREO, an online marketplace that connects real estate investors with lenders selling delinquent first mortgages and REO properties, says Talia Ramos has joined the...

FHFA Reports Solid GSE Performance on Distressed Mortgages

The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2020 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 362,912 foreclosure prevention...

preREO Adds New Talent to Distressed-Sales Team

preREO, an online marketplace connecting real estate buyers with servicers looking to sell delinquent first mortgages and REO properties, has hired Raul De La...

preREO Connects Investors with Distressed Real Estate

preREO has launched a new platform, prereo.com, to connect real estate investors with lenders and servicers to access opportunities with distressed properties. The company defines...

Safeguard Properties Enhances SafeView Field Services Platform

Mortgage field services company Safeguard Properties Inc. says it has developed enhanced controls surrounding insurance loss and other scheduled inspections through its proprietary SafeView...

Foreclosure Activity at Lowest Level Since 2005

Foreclosure starts continued to trend downward in the third quarter, according to the latest U.S. Foreclosure Market Report from ATTOM Data Solutions. Mortgage lenders started...

Default Rate For First Mortgages Increased in September

The default rate for first mortgages increased to 0.73% of all loans in September, up from 0.69% in August and up from 0.82% in...

Mortgage Contracting Services Acquiring M&M Mortgage Services

In a move that will expend its national footprint, Mortgage Contracting Services (MCS), a provider of mortgage-related services, is acquiring Miami-based M&M Mortgage Services...

Foreclosure Starts Increased in July But Were Down Year-Over-Year

Foreclosure starts increased 6% in July compared with June but were down 14% compared with July 2018, according to the latest U.S. foreclosure report...