REO

The recent Legal League 100 Servicer Summit in Dallas brought together the nation’s top financial services law firms under the same roof as leading mortgage servicing executives to discuss default policies, procedures, and issues with leading mortgage servicing executives.

Breaking down communication barriers during the loss mitigation process is key for any servicer. Amy Neumann of Flagstar discusses how to establish and maintain these vital lifelines with struggling borrowers.

A recent Five Star/Messagepoint webinar discussed how redirecting the borrower communication process can reduce cycle times and costs, and deliver an enhanced borrower experience.

With foreclosure activity on the rise 13% quarter-over-quarter, Q2 marked the third straight quarter that the count of pre-foreclosure properties has risen since the end of the nationwide foreclosure moratorium.

NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.

With nearly 470,000 nationwide currently in forbearance plans, strong employment numbers are helping homeowners regain their financial footing despite lingering inflationary concerns.

Most foreclosure buyers are local community developers renovating and reselling to owner-occupants. Daren Blomquist of Auction.com examines this market segment and others taking part in home auctions nationwide.

With more than 25 years of experience, Dipak Joshi joins distressed residential investment properties provider to govern financial matters and expansion goals.

Under terms of newly issued Mortgagee Letter, the nation’s supply of affordable housing will be expanded, increasing homeownership opportunities for low- and moderate-income homebuyers.

Kerry Medel of Brookstone Management discusses the impact of the pandemic on field servicing, and how the industry not only kept people in their homes but also put more people in homes.