Sunday, April 18, 2021

REO

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...

Exceleras Updates its Real Estate Search Engine

Exceleras has overhauled its consumer-facing real estate search engine to make it easier for investors to find REO properties and other assets for sale...

Foreclosure Starts Down Nationwide But Up in 36% of Local Markets

There were 29,017 foreclosure starts in October, an increase of less than 1% compared with September but down 8% from October 2017, according to...