Servicers Step Up QC Of Loss Mit Pipeline
With so many moving parts tied to any given loan in a servicer's loss mitigation pipeline - and with the threat of regulatory...
Are Mortgage Bankers Comfortable With Technology?
The British writer Arthur C. Clarke once commented, 'Any sufficiently advanced technology is indistinguishable from magic.' But for many years within mortgage banking,...
Servicers Optimizing Attorney Oversight Functions
For years, the struggle for profitability and the fine line between success and failure have been present in the servicing space. Throughout the...
Tech Vendors Lending A Hand With Regulatory Interpretations
With single point of contact (SPOC) or similar terminology increasingly finding its way into discussions of servicing best practices, the industry finds itself...
Shadow Inventory Darkens The Origination Market
It is not difficult to recognize the challenge posed by the so-called 'shadow inventory' to the origination market. The difficulty, however, comes in...
Communication Key To Avoiding TPP Skirmishes
In 2009, when the federal government introduced the Making Home Affordable program, a two-pronged piece of legislation that included both the Home Affordable...
The Deficiency Dilemma: Resolution Or Bankruptcy?
As media coverage has made clear, and as many homeowners have experienced firsthand, there has been an unprecedented number of foreclosures in recent...
Using Lease-And-Hold To Counter The Vacancy Scourge
The nation has been plagued by the housing crisis for several years. It is hard to go a day without noticing the blight...
A Price-Optimization Strategy Primer
Many U.S. financial institutions are eliminating or reducing high-risk assets that require more capital in preparation for the new Basel III recommendations that...
Agencies Work To Obligate Emergency Funds
At the start of last month, the U.S. Department of Housing and Urban Development (HUD) announced it had approved five states' bids to...
Just Who’s Buying Sub-$50K REOs?
Local - and in many instances, part-time or inexperienced - investors are a major buyer force when it comes to real estate owned...
How Safe Is Your Data?
Some recent news from cyberspace has been troubling: NASDAQ acknowledged in February that hackers broke into a service that handles confidential communications for...
Will HAFA Changes Strengthen The Program?
As the industry braces itself for recovery, the federal government continues to provide guidance through regulatory changes. One example is the December 2010...
Which CRE Sectors Will Be The First To Fully Recover?
As the economy begins to stabilize, the commercial real estate (CRE) industry is also experiencing stirrings of recovery. However, CRE's revival appears to...
Do Distressed Borrowers Know Their Options?
Nevada has long sat atop the list of states most devastated by foreclosures. In 2010, one in 11 households received a foreclosure filing...
A New Cautious Optimism For The Manufactured-Housing Sector
In December 2010, the manufactured-housing sector received an unexpected piece of good news: A report issued by Fitch Ratings credited the sector as...
Report Studies Race Differentials In Modification Efforts
Although many researchers have concluded that delinquency and foreclosure rates are disproportionately high among minority borrowers, do racial or ethnic disparities exist in...
Walking Away Isn’t Limited To Borrowers
Although much has been made of borrowers' decisions to walk away from their mortgage obligations, a different form of abandonment - bank walkaways...
Maintaining The Right Team For A Difficult Market
With the worst of the economic crisis slowly fading into the receding distance, but with the full warmth of recovery still out of...
A Slow Rise In Deed-In-Lieu Activity
Although the expectations were strong that 2010 would be the year of the short sale, the other option for a graceful home forfeiture...