REO

DS News speaks to property preservation experts about how they’re navigating economic challenges, a shifting industry landscape, and an exodus of vendor partners as they attempt to maintain strong boots-on-the-ground service.

A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices.

The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in forbearance plans.

However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes to reach historically normal levels.

A new report from the Casualty Actuarial Society takes a closer look at catastrophe models in measuring the effects of wildfire mitigation on homeowners and communities nationwide.

Jacob Williamson of Fannie Mae chats with DS News on the latest happenings with the GSE, including valuation modernization, the PAVE Task Force, and Future Housing Leaders and the Appraiser Diversity Initiative, among other topics.

With the market shifting, here is why financial institutions should consider partnering with a mortgage servicer now.

"If the Federal Reserve's objective was to slow down the housing market, it has succeeded spectacularly," said Rick Sharga, EVP of Market Intelligence at ATTOM.

As fears of a recession grow, it would be prudent for everyone—servicers and regulators alike—to think hard about default servicing improvements and reforms.

The MBA reports that nationwide forbearance volume continues to drop, however the impact of Hurricane Ian may change that trend as servicers continue to report on the devastation from the storm.