The consensus among the many panelists over the two-hour Property Acquisition Lab is that the SFR market is here to stay despite some naysayers who still don't believe the market can survive despite so many companies experiencing widespread success in the SFR space.
Read More »Survival in the SFR Market Requires Unorthodox Acquisition Strategies
As a prime example of looking outside the box to acquire properties, Reid said funeral homes have even become a source from which to gain new assets. Reid said he tells the funeral homes that when they hear clients are looking to liquidate to please let him know, and his company will offer the funeral home client that option.
Read More »Speaker of the House Candidates Come From Contrasting Housing States
Reps. Jason Chaffetz (R-Utah) and Daniel Webster (R-Florida) have both announced their candidacy while Boehner, who originally announced that his resignation will be effective at the end of October, has now said he will remain Speaker of the House until a successor is found.
Read More »Former Fed Chair Bernanke Says DOJ Should Hold Individuals Accountable for Crisis
Bernanke, who headed the U.S. central bank from 2006 to 2014, told the BBC that the Department of Justice should have attempted to hold individuals accountable for the crisis instead of companies because it was the decisions of individuals, and not the companies themselves, that brought on the crisis.
Read More »Top Democratic Lawmaker Wants More Information from Big Banks on Settlements
Sen. Sherrod Brown (D-Ohio), ranking member of the Senate Banking Committee, has written a letter to more than a dozen big banks and investment banking firms requesting more information on settlement they have entered into with 15 government enforcement agencies since January 1, 2005.
Read More »Fifth Third to Pay $85 Million to Settle Claims of Fraud on FHA-Insured Loans
Fifth Third made a voluntary disclosure of approximately 1,400 loans from 2003 to 2013 that the bank had certified as eligible for FHA insurance that were later found to contain material defects that would have made those loans ineligible for FHA insurance.
Read More »Latest HUD Distressed Loan Sale to Include Pool Targeted to Non-Profits
HUD has announced the latest sale in the Distressed Asset Stabilization Program (DASP), Single Family Loan Sale 2016-1 (SFLS 2016-1) consisting of one offering date with National Pools and Neighborhood Stabilization Outcome (NSO) Pools offered on November 18, 2015.
Read More »How Successful Has TARP Been After Seven Years?
The economy has experienced 67 straight months of private sector job growth and the unemployment rate is at its lowest level since 2008 (5.1 percent), serving as " proof that the broad-based federal response to the financial crisis was effective in stabilizing our economy and setting the table for sustainable growth," the authors said.
Read More »LRES Names New Client Relations Manager
LRES, a nationwide REO and appraisal management company providing property valuations, asset management, HOA, and technology solutions for the mortgage industry, has named Jeanee Chapman as the company's new client relations manager.
Read More »Brock & Scott Expands Operations and Presence in Florida
Brock & Scott, a default servicing law firm with operations in seven states across the Southeast, has announced the expansion of its services within the state of Florida with the addition of Ron Wolfe and his team from the office of Ronald R. Wolfe & Associates.
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