Lenders who have pledged to halt foreclosure proceedings are apparently proceeding with foreclosure actions anyway, according to a recent BusinessWeek:http://www.businessweek.com/bwdaily/dnflash/content/dec2008/db2008123_362200.
Read More »First American Launches Post-Closing Doc Management Portal
First American Document Solutions, a post-closing and servicing solutions provider and a First American Corporation company, has announced the availability of ePostClosing.com, its new online portal designed to help lenders and servicers reduce their post-closing document management costs and improve investor compliance.
Read More »Maryland Entrepreneur Submits $1B Plan for Servicers to Pay Delinquent Mortgages
Robert L. Johnson, founder and chairman of Bethesda, Maryland’s The RLJ Companies and chairman of Urban Trust Holdings Inc., introduced his $1 billion proposal to help homeowners avoid foreclosure during a speech at the National Housing Forum sponsored by the Office of Thrift Supervision (OTS) this week.
Read More »Arizona Receives Funding for Foreclosure Prevention Counseling
The Arizona Department of Housing (ADOH) announced last week that it has received $683,060 to support the continuation of the state’s foreclosure prevention counseling efforts. The much-needed boost will enable an existing network of 13 community-based organizations across Arizona to provide continued assistance to homeowners in danger of foreclosure, ADOH said in a press statement.
Read More »South & Associates Adds Two New Attorneys to Kansas Office
South & Associates P.C. has hired two new lawyers in its Overland Park, Kansas office – Kelvin Fisher and Stephanie Mendenhall. Fisher graduated with a Bachelors Degree from the University of Missouri Kansas City in 2000, and received his Juris Doctorate from the University of Missouri Kansas City School of Law in 2004.
Read More »Marketing Co. Launches YouTube Service for Real Estate Video Tours
Des Plaines, Illinois-based VHT, a provider of visual marketing services for the real estate industry, announced this week that they are now offering YouTube distribution services with their video property tours.
Read More »Ocwen Reports on Success of Customized Loan Mod Program
West Palm Beach, Florida-based Ocwen Financial Corporation, one of the nation’s largest servicers of subprime mortgages, has reported solid success with its program to modify substantial numbers of troubled loans in a way that avoids redefault, and keeps borrowers in their homes and loans performing for investors.
Read More »RealtyTrac: Foreclosure Activity Decreases 7 Percent in November
RealtyTrac released its November 2008 U.S. Foreclosure Market Report today, which shows foreclosure filings – default notices, auction sale notices, and bank repossessions – were reported on 259,085 U.
Read More »Four More Banks Closed
Four more community banks have collapsed under the pressures of the country’s economic and housing crises – two in Georgia and two in California. The recent failures bring the total number of institutions on the Federal Deposit Insurance Corporation’s (FDIC’s) failed bank list to 23 in 2008.
Read More »Investor Sees Opportunity in Servicer Specializing in “”Lost-Cause”” Delinquencies
JAM Equity Partners LLC, a money management firm focused on long-term, high-return investments in financial services businesses, and JAM’s affiliates recently announced a $2.5 million investment in Wingspan Portfolio Advisors, a Dallas-based mortgage servicer specializing in highly delinquent loans.
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