Completed foreclosure sales totaled approximately 96,000 for Q1 2015, down from 126,000 in the same quarter a year earlier, according to HOPE NOW – a decline of approximately 24 percent. Foreclosure starts jumped by 3 percent year-over-year in Q1 (from 219,000 up to 225,000) and about 10 percent quarter-over-quarter (from 205,000 up to 225,000).
Read More »Former LinkedIn, Yahoo! Engineer Joins Auction.com
In his new position with Auction.com, Yuan will oversee the development of web and mobile products and applications that will enhance the user experience for buyers, sellers, and real estate professionals who access and interact with the Auction.com platform.
Read More »Gerner & Kearns Welcomes New Associate Attorney to Default Practices Group
Johnson's practice with Gerner will focus on creditor's rights, including foreclosure and bankruptcy, and her background also includes examination of title and residential real estate transactions.
Read More »Senators Introduce Amendment to Prevent Use of Fast Track to Weaken Dodd-Frank
Four Democratic U.S. Senators, Elizabeth Warren (Massachusetts), Jeff Merkley (Oregon), Richard Blumenthal (Connecticut), and Tammy Baldwin (Wisconsin), have introduced an amendment aimed at preventing future administrations from weakening financial regulations, according to an announcement on Warren's website.
Read More »Georgia Lawmaker Proposes Bill to Make CFPB Accountable to Congress
Perdue said the Consumer Financial Protection Bureau Accountability Act of 2015 will provide critical Congressional oversight for a Bureau that is funded by the Federal Reserve but is led by a single director rather than a board of directors and is not accountable to Congress.
Read More »Senior Treasury Official Named Main Housing Adviser for Obama Administration
Stegman, who has been with Treasury for four years, will be the main housing adviser for the Obama Administration in his new position with the NEC. He will be replacing Seth Wheeler, who is planning to leave the NEC in June after two years.
Read More »With Fewer Write-Offs and Severe Delinquencies, Borrowers Are Managing Mortgage Debt Better
The severe delinquency rate on home equity installment loans fell from 2.59 percent in Q1 2014 to 1.98 percent in Q1 2015, while balances declined by 16.4 percent year-over-year in Q1 down to $136.1 billion and accounts declined by 10.6 percent down to 4.5 million for the same period.
Read More »Black Knight Financial Services Debuts IPO at a Total Price of $441 Million
Black Knight debuted the IPO at the NYSE Wednesday morning at $24.50 per share, a total of $441 million, according to a press release from the company on Tuesday. By the time trading closed at 4 p.m. eastern time Wednesday, the price of the stocks had increased by more than 10 percent up to $27.11 per share, according to the NYSE website.
Read More »Fannie Mae Announces Pricing For Latest Credit Risk Sharing Transaction
The latest note offering in the CAS series (Series 2015-C02) is scheduled to settle on May 27 and is consistent with prior transactions. This transaction includes reference loans with original LTVs up to 97 percent, according to Fannie Mae.
Read More »Top Mortgage Banking Execs Convene for Inaugural Five Star Alternative Disposition Forum
Topics of discussions included whether short sales are still relevant, whether or not to sell occupied properties, claims without certificate of title, resolving the "hold bucket," determining the right disposition strategy for the property, the impact of prolonged sales cycles on the community, what to evaluate when considering a property repair, and what can be done to expedite the foreclosure process on vacant and abandoned properties.
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