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Author Archives: Esther Cho

Green River Capital Event Raises More than $150K for Charity

Green River Capital, LLC (GRC), a provider of REO asset management and loss mitigation services, announced more than more than $150,000 was raised for Wish of a Lifetime on Agent Day, an event the company hosted. Agent Day was held in Salt Lake City, Utah on March 15 and served as a training, networking, and professional development event for GRC employees and agents.

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Survey: Counselors Report Dual-Tracking Problems Still Persist

Banks are falling short of requirements to provide mortgage protections to homeowners as mandated by the national mortgage settlement and the California Homeowner Bill of Rights (HBOR), according to a California Reinvestment Coalition survey of housing counselors in the state. In the survey, over 60 percent of the counselors reported that Bank of America, Citibank, JPMorgan Chase, and Wells Fargo still dual-track ""sometimes,"" ""often,"" or ""always"" even though the practice is banned in California. The survey was conducted in February and March 2013 and included responses from 84 counselors and lawyers who represent hundreds of thousands of homeowners.

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Administration: ‘Key’ Housing Indicators Improve, Recovery Still ‘Fragile’

The housing industry is making ""important progress across many key indicators,"" according to the Obama Administration's latest housing scorecard, but as usual, the administration continued to warn the ""overall recovery remains fragile."" In the March report, the administration highlighted data showing improvements in home prices. In conjunction with the scorecard, the administration also released its progress report on the Making Home Affordable Program.

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Watchdog Report Identifies Flaws in Foreclosure Review Process

When federal regulators announced the abrupt ending of the Independent Foreclosure Review in place of a new agreement, the conclusion to the review process led to more questions than answers. To identify challenges in the foreclosure review process, the Government Accountability Office (GAO) undertook its own investigation. In a report, the GAO identified three hurdles that prevented federal regulators from achieving their goals through the foreclosure review: complexity of the reviews, overly broad guidance, and limited monitoring.

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