When it comes to moving REOs back into the marketplace, the Federal Housing Administration's Claims Without Conveyance of Title program is crucial. However, delving into the complexities of the program can be daunting, which is why we turned to two experts in the space, Altisource's SVP of Real Estate Services Min Alexander and Director of Real Estate Auction Services James Harp.
Read More »Fannie Mae Reduces Risk Pool
Fannie Mae is making moves again—this time it has completed its second set of traditional Credit Insurance Risk Transfer. Read on to find the amount of coverage the GSE received and the terms of the deal.
Read More »Are HOAs Taking Advantage of Mortgage Servicers?
While Homeowner Association liens for unpaid assessments typically have priority over second mortgages and other junior liens (because the HOA liens may “relate back to” the HOAs’ previously-recorded declarations), first mortgages receive special treatment in various states, such as Minnesota. Despite that special treatment, HOAs often demand payment of substantial bills by lenders foreclosing first mortgages.
Read More »Making Assignments in the Dark
The chain of title is the guy-wire that holds the home finance industry upright. Without some method to determine who owns a given parcel of real estate, it cannot be used as collateral for a loan. In cases where these loans go into default, a clear title is essential for a smooth foreclosure and REO process. Unfortunately, problems arise that cloud the title, increasing loss severity for investors.
Read More »Ocwen, California Settle 2-year-old Case
State lifts restrictions in exchange for fine and debt forgiveness; company admits no wrongdoing.
Read More »Appraisers Need to Unite to Mitigate Industry’s Risk
Big data, training new talent, and the uncertain future of the Dodd-Frank Act are posing challenges to the appraisal industry. What does the future of the appraisal industry look like?
Read More »The Waiting Game with Vacant Properties
What can companies do to combat all the potential problems that may arise when a property sits vacant for a lengthy period of time while in the process of foreclosure? Chad Mosley, COO of MCS Solutions, sheds some light on the topic.
Read More »Counsel’s Corner: Expanding Your Footprint is Critical
Paul Olaf Johannsson, Senior Default Servicing Manage and VP with BSI Financial Services, discusses the shift that has taken place in the default servicing industry.
Read More »Industry Leader Wants to Streamline FHA
Several names have been thrown into the ring for FHA Commissioner including Ed Brady, Chairman of the Board for the National Association of Home Builders. DS News spoke with Brady, who shared his perspective on the work that needs to be done in housing policy.
Read More »Industry Insight: Changes in Mortgage Pricing
John Ardy, CEO of Resitrader, gives insight into what mortgage trends he is currently seeing, the opportunities and challenges that come with these trends, and what industry shifts are anticipated for 2017.
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