A New Green Hue Via Electronic Data Management
REQUIRED READING: In 1970, when Charles Reich wrote 'The Greening of America,' the term went way beyond the obvious and into the shifting...
Voice-Mail Messages: A Hobson’s Choice
REQUIRED READING: Thirty-two years ago, in 1978, Congress - faced with 'abundant evidence of the use of abusive, deceptive and unfair debt collection...
It Is Time To Revisit Financial Education Strategies
REQUIRED READING: The past year has been tumultuous for our nation's financial system, for our economy and, of course, for many of our...
Ensuring High Loan Standards With High-Tech Compliance Planning
REQUIRED READING: If lenders have some 'skin in the game,' they're going to originate loans that are safe for the consumer and sound...
Foreclosure Fast-Tracking: A Field Servicer’s Perspective
REQUIRED READING: The federal government and state and local legislatures across the country have struggled to find ways to lessen the impact of...
Applying Proper Technology To Deal With Distress
REQUIRED READING: Forecasters generally agree that this year and next year, the commercial real estate (CRE) market will experience escalated delinquency, nonaccrual and...
The Subservicing Sector: No Shortage Of Activity
REQUIRED READING: Keeping tabs on the subservicing sector is no easy feat. For starters, there is no industry data tied specifically to this...
Closing The Gap Between Servicing And Counseling
REQUIRED READING: As funding from federal grants and private sources continues to recede, foreclosure counseling agencies are witnessing a greater demand for their...
Subservicers Find Open Niche In Reverse Mortgages
REQUIRED READING: The subservicing sector has seen a significant volume of activity over the past few years. The reverse mortgage sector, despite declining...
Pre-Auction Tips To Ensure A Smooth Transition
REQUIRED READING: Many servicers are gearing up for the inevitable second wave of foreclosures by hiring additional staff and implementing new systems and...
Infusing New Life (And Money) Into Warehouse Lending
REQUIRED READING: In 2005, there were more than 115 active warehouse lenders. There are currently fewer than 30. Today's total aggregate capacity of...
Lessons For The Long Recovery
REQUIRED READING: Depending on your perspective, the industry may soon be poised for the arduous task of recovery, and in some cases, a...
A California-Brewed Recipe For Litigation
REQUIRED READING: As many readers may recall, the California Legislature enacted Civil Code Section (§) 2923.5 in July 2008, requiring that the foreclosing...
Awaiting The Onslaught Of Foreclosed Properties
REQUIRED READING: For some time now, commercial real estate professionals have been anticipating a wave of foreclosures. Hundreds of billions of dollars worth...
Going Down The Road: Community Banks Keep Moving
REQUIRED READING: Whoever coined the observation that 'bigger is better' was obviously not aware of community banks. During the peak period of the...
Landlord Skills Help Expand Servicers’ Options
REQUIRED READING: A confluence of factors has positioned pre- and post-foreclosure rental and lease strategies as appealing options for servicers. Last May's federal...
Downturn Recovery Requires A New Era In Automation
REQUIRED READING: Commercial real estate (CRE) lending has been referred to as one of the last frontiers in automation adoption. The current credit...
Energy-Efficient Mortgages Offer A Double Shade Of Green
REQUIRED READING: Over the last few years, it seems that everyone and everything have been 'going green.' Automobiles, food, clothing, homes and offices...
Curbing The Cost Of Substandard Properties
REQUIRED READING: Amidst the unprecedented number of foreclosure sales taking place across the country, servicers and their investors are increasingly faced with properties...
Lender-Directed Short Sales: Rare, But Not Extinct
REQUIRED READING: Even though Fannie Mae and others have kept foreclosures artificially low in recent months, a wave of mortgage loan defaults continues...