Home / News (page 1631)


Home Prices Up 5% Year-Over-Year: Clear Capital

New data released by Clear Capital Thursday shows that home prices nationally are up 5.0 percent compared to February 2009. It's the second straight month that year-over-year price variations have been in positive territory. Clear Capital also reported that REO saturation increased in February, but that was expected with the typical winter slowdown in sales. Regarding the threat of a shadow inventory, the company suspects this inflow will arrive with a stronger springtime and summer buying season, helping to ease the shock to the marketplace.

Read More »

Fed’s Vice Chairman Submits Resignation

The Federal Reserve Board's No. 2 has submitted his resignation. Donald L. Kohn said Monday that he will step down from his post as vice chairman when his current term expires on June 23. Kohn, 67, has been a member of the Fed board since August 2002 and served as its second-in-command since June 2006.

Read More »

Accurate Title Group Releases Good Faith Estimate Calculator

In response to the new regulations under the Real Estate Settlement Procedures Act (RESPA), Accurate Title Group, LLC (ATG), a full-service appraisal, title insurance, closing, and settlement provider based in Huntersville, North Carolina, recently announced the release of its TAG Good Faith Estimate Calculator (TAG GFE).

Read More »

Specialized Asset Management Markets REO Assets on RealtyTrac

To better market its foreclosure listings, Highlands Ranch, Colorado-based Specialized Asset Management LLC (SAM), a national provider of asset marketing and disposition services to mortgage lenders, servicers, and investors, recently partnered with RealtyTrac, an online foreclosure marketplace headquartered in Irvine, California.

Read More »

Ocwen Backs Principal Reductions, Mandatory Outsourcing to Improve HAMP

Ocwen Financial has one of the industry's most impressive track records when it comes to restructuring loans under the Home Affordable Modification Program (HAMP). The company is converting trials to permanent mods at a rate that is 10 to 20 times higher than some of the biggest banks, and its re-default rate is under 5 percent. Based on his company's success, Ocwen's president has proposed several changes to improve HAMP, including principal writedowns and requiring underperforming servicers to outsource their HAMP processes.

Read More »

Strategic Analytics Joins Interthinx Business Unit

Jersey City, New Jersey-based Verisk Analytics, Inc., a provider of risk assessment solutions, recently purchased Strategic Analytics, a Santa Fe, New Mexico-based provider of credit risk and capital management solutions to consumers and mortgage lenders. As a result of this acquisition, Strategic Analytics will be part of the Interthinx business unit, a subsidiary of Verisk Analytics and a provider of risk mitigation and regulatory compliance tools for the financial services industry.

Read More »

Company Targets Shadow Inventory with 48-Hour Short Sales

Loan Resolution Corporation said Wednesday that it is implementing a pre-approved short sale program to help the 8 million homeowners who are currently delinquent on their mortgages. The company says its streamlined process can turn a short sale decision within 48 hours.

Read More »

Appraisal Institute Publishes First Audio Book

In an effort to help appraisers meet the competency and ethical standards of the profession, the Chicago-based Appraisal Institute, a global membership association of real estate appraisers, has published its first audio book -- ""Scope of Work,"" by Stephanie Coleman.

Read More »

Trepp Reports CMBS Delinquencies Are Slowing

Past due loans within commercial mortgage-backed securities (CMBS) rose 23 basis points in February, according to a new report from Trepp LLC. The firm noted that it's the smallest month-to-month rise since September 2009. The brief reprieve is welcome news for an industry struggling with rising defaults and looming loan maturities, but that's tempered by a quick reminder from Trepp that CMBS delinquencies are still setting new records as the highest the industry has seen since the CMBS market took hold.

Read More »

Countdown To Buy Launches New Pilot Program

Countdown To Buy, a next-generation online real estate marketplace based in Bethel, Connecticut, announced Wednesday that it has entered into a new pilot program with a banking institution to offer a sampling of foreclosed properties in Texas.

Read More »


Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.