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Consumer Confidence Doesn’t Reflect Facts

More consumers believe they would get rejected for a mortgage, but recent data shows different. While 41.4 percent of consumers felt like they would be rejected if they were to apply for a mortgage, February data shows that only 13.3 percent of mortgage applications get rejected.

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SPS Comes in No. 1 for RMBS

The latest Fitch Servicer Handbook ranks Select Portfolio Servicing No. 1 in the nation’s non-agency RMBS market, bumping Ocwen and Nationstar down to No. 2 and 3, respectively. Fitch called SPS a “notable anomaly” in the market.

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Shawn Hillmann Joins Codilis, Moody, & Circelli

Hillmann brings 15 years of default servicing experience with him to CMC. Before joining CMC, Hillmann was VP and shareholder with a creditor’s rights firm based in Wisconsin. Hilmann’s background focuses on litigation in the mortgage, business, and consumer loans areas including foreclosure, collections, real estate, and resolution of real estate title issues. In addition, Hillmann defends actions against lenders and supporting businesses. He will serve as managing attorney in CMC office located in Wauwatosa, Wisconsin.

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Best and Worst States and Metros in the Market

Home prices in states like New York performed above the national standard, increasing by up to 1.3 percent, but other states such as Alabama lagged behind. In fact, Alabama metros accounted for half of the top 10 worst performing metros in the country.

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The Week Ahead: Home Prices May Still Move Upward

The January 2017 S&P Corelogic Case-Shiller Home Price Index (HPI), which tracks monthly changes in the value of homes in 20 U.S. metropolitan regions, will be released on Tuesday. Previous data from CoreLogic has already shown upward-moving home prices across the nation, with home prices even outpacing inflation.

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Worthy of its Name

It seems entirely possible that before joining Alacrity Services, one might be asked to define “alacrity.” While actively expanding its property restoration services to insurance, REO, and consumer customers nationwide, the company is determined to continue embodying the true meaning of its moniker: moving nimbly and with good spirit.

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First American Executive Awarded as ‘Valuation Visionary’

The Valuation Visionary award recognizes a standout collateral valuation professional every year who has demonstrated outstanding leadership, innovation and professionalism. Winners are nominated by their peers within the Collateral Risk Network. The recipient will be awarded at the Valuation Expo East on March 20, 2017, in Orlando, Florida.

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Ocwen Appoints Independent Member on its Board of Directors

The company has also increased the size of the Board from eight members to nine after the appointment of the newest Board member. Ronald J. Korn, a Director at Ocwen, has informed the Board that he will retire from the Director position this May. Upon Korn’s resignation, the size of the Board will be reduced from nine members to eight.

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