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...
ATTOM: Zombie Foreclosures at Half the Level Seen in 2016
About 1.5 million U.S. single-family homes and condos were vacant in the third quarter, representing 1.6% of all homes, according to ATTOM Data Solutions.
During...
LRES Promotes Molly Merchant to Senior Director of REO Asset Management
Molly Merchant has been promoted to senior director of REO asset management at LRES, a national residential and commercial mortgage services company providing valuations,...
Exceleras Updates it REO Disposition Platform with New Functionality
Not long ago, Exceleras added some consumer-facing functionality to its platform to allow consumers to search for REO.
Now, the company has enhanced the link...
LRES Hires Scott Spencer as Chief Technology Officer
Scott Spencer recently joined LRES, offering valuations, REO asset management, and HOA solutions for the mortgage and real estate industry, as chief technology officer.
Spencer...
Altisource Releases Bundled Solution For Delinquent FHA Loans
Altisource is offering a bundled solution that provides customized asset management services for delinquent FHA loans.
The new bundled offering incorporates Equator’s default servicing and...
LRES Taps Peter Lutz as VP and National Sales Manager
Peter Lutz has joined LRES, a provider of valuations, REO asset management and HOA solutions for the mortgage industry, as vice president and national...
Consolidated Analytics Buys Carrington Property Services
Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment and advisory services, has acquired Carrington Property Services, a provider of third-party...
Tiffany Malm: REO Market Has Seen Significant Change Since Great Recession
PERSON OF THE WEEK: The housing finance industry has undergone a complete transformation since the financial crisis struck in 2008 and how REO properties...
ATTOM: Foreclosure Starts Fell 6% in 2018
Lenders started the foreclosure process on 369,170 residential properties in 2018, down 6% from 2017 and down 83% from a peak of about 2.1...