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The newest addition to FCM will contribute to the development of the overall strategic vision and will lead all marketing, brandings, and advertising activities, with a focus on the customer experience-based Human Mortgage brand. 

Red Bell is a Salt Lake City-based provider of valuation products, including automated valuation models and broker price opinions used by major investors, lenders and loan servicers. Pyramid Platform offers technology solutions that help investors monitor loan portfolio performance and direct loss mitigation activities; acquire and track non-performing loans; and value and sell real estate owned through a secure platform.

According to the latest report from the CFPB, debt collection was the most-complained-about financial product or service, with 7,755 out of approximately 26,000. The second most-complained-about consumer product was credit reporting followed by mortgages. Montana, Georgia, and Missouri experienced the greatest year-to-year complaint volume increases.

According to the GSE, the Federal Housing Finance Agency announced additional enhancements to its requirements for sales of non-performing loans by Fannie Mae and Freddie Mac on April 14, 2016, that build on requirements originally announced in March 2015. These enhancements apply to the non-performing sale that was announced today.

According to the latest S&P CoreLogic Case-Shiller Home Price NSA Index released Tuesday, home prices hit a 31-month high in January. The Index was up 5.9 percent for the year and 5.7 percent for the month. Seattle, Portland, and Denver saw the biggest price increases.

Since Fannie and Freddie were seized by regulators in 2008, a fix has been promised. As the two GSEs, which back close to 40 percent of U.S. home loans, face the threat of requiring aid, that need for a fix has become more urgent. Senators Corker and Warner are not assured that an overhaul will succeed.

The FHFA’s Credit Risk Transfer Report revealed a big uptick in GSE credit risk transfer for 2016. Fannie Mae and Freddie Mac transferred a combined $18 billion in credit risk on $548 billion mortgages for the year. Risk was transferred via a variety of debt issuances, insurance and reinsurance programs, and front-end transactions.

Real house prices have jumped significantly over the past year, rising more than 8 percent since January 2016. According to First American, these pricing jumps coupled with low inventory spell a seller’s market for spring. “Despite the monthly increase in affordability and continued strong wage growth, homes are less affordable across the country compared to a year ago,” said First American Chief Economist Mark Fleming.

The number of bankruptcy filings nationally rose in February, according to the February 2017 Bankruptcy Trends report by Epiq Systems. Overall, Epiq reported 58,336 national filings last month. That’s up from 54.574 filings in January.

Altavera joins a network fewer than a dozen organizations that are included in S&P’s list of reviewed third-party due diligence firms that have met the necessary criteria.