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.
Read More »Oregon Judge Rejects ‘Split the Note’ Theory
A three-judge panel of the Oregon Court of Appeals affirmed a lower court ruling rejecting a borrower's use of the ""split the note"" theory to argue against a non-judicial foreclosure, MERSCORP Holdings (MERS) announced.
Read More »Two Long & Foster Associates Honored as ’30 Under 30′
Two Long & Foster Real Estate, Inc. sales associates were named to REALTOR magazine's ""30 Under 30"" list for 2013. Danai E. Mattison and Barak J. Sky, both associates at a Long & Foster office in Bethesda, Maryland, were honored by the publication.
Read More »Class Appraisal Hires Mortgage Banking Vet to Manage Sales
Class Appraisal, Inc. announced the hiring of a former mortgage banking executive to manage sales in the middle market. Tim Perkins was selected to lead the company as a consultant and business developer.
Read More »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.
Read More »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.
Read More »Two Top Producers Join Long & Foster Office in Delaware
Long & Foster Real Estate, Inc. announced top producers Michael A. Porro and his partner Cathy Truver joined the company's Greenville, Delaware office.
Read More »Quality Claims Names New VP of Business Development
Quality Claims Management Corporation, a provider of customized insurance recovery solutions, selected Deborah Martin-Dominick to assume the role of VP of business development.
Read More »24 Asset, RealtyProx Form Partnership to Offer Short Sale Services
24 Asset Management Corp. (24 Asset) and RealtyProx Corp. (RealtyProx), a real estate transaction management company based in Oak Brook, Illinois, formed a partnership to provide an array of short sale services to real estate agents and brokers.
Read More »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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