Thursday, December 5, 2019

REO

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.

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...

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...

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....

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

Exceleras Adds ‘Property Management’ to DispoSolutions

Exceleras reports that it has updated its DispoSolutions Real Estate Owned (REO) solution so that “property management” is now among the available vendor types.This...

MCS Hires One, Promotes Two to Executive Team

Len Suazo recently joined Mortgage Contracting Services (MCS), a national provider of mortgage-related services, as corporate controller.In addition, Ashley Taylor and Bethany Ockerman have been promoted...

Safeguard Properties Rolls Out New Workflow Management Platform

Safeguard Properties is unveiling a new, integrated field services platform called SafeView.The new platform is designed to meet the ever-changing requirements of the mortgage...

Exceleras Updates its DispoSolutions REO Platform

Exceleras, a provider of default software solutions for banks, servicers, subservicers, capital market groups and other mortgage and real estate industry professionals, has updated...

LRES Promotes Jill Haro to SVP of Corporate Administration

Jill Haro has been promoted to senior vice president of corporate administration at LRES Corp., a provider of valuations, REO asset management and HOA...

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