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Home | News | REO

REO Liquidations Continue to Top Short Sales for Higher Share of UPB Recovery

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REO liquidations have amassed a higher share of gross unpaid balance (UPB) recovery than short sales since the fourth quarter of 2012, reversing a crisis-years trend, according to Black Knight Financial Services' December 2014 Mortgage Monitor released Monday. As of the end of October 2014, REO sales prices accounted for 71 percent of the corresponding loans' defaulted UPBs, compared to 65 percent for short sales prices, largely due to home price appreciation, according to Black Knight.

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Green River Capital Announces Employee Appointments

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Green River Capital (GRC), a Utah-based REO asset management and loss mitigation provider for mortgage servicers, investment firms, and banks, has announced the promotion of two employees to senior vice president positions as well as the hiring of one VP from outside the company.

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