Home / News / REO (page 31)

REO

Lerner, Sampson & Rothfuss President Receives USFN Founder’s Award

Richard M. Rothfuss, president of Lerner, Sampson & Rothfuss, recently received the USFN Founder's Award for his service and dedication to the USFN-- America's Mortgage Banking Attorneys. The award recipient must have demonstrated a deep and abiding commitment to USFN and epitomize the character and ideals of the founders of attorney association.

Read More »

Los Angeles Sues Nation’s Largest Banks

The city of Los Angeles has launched a series of lawsuits against three of the nation's largest banks alleging they persisted in discriminatory lending practices that contributed to more than 200,000 foreclosures between 2008 and 2012 that cost the city more than $1.2 billion. The lawsuits charge all three banks with redlining and reverse redlining; the banks, however, deny the allegations.

Read More »

Over 75 HUD Homes Hit the Auction Block This Weekend in Seattle

The real estate auction house Hudson & Marshall is putting more than 75 HUD-owned homes in the Seattle, and Tacoma, Washington area up for sale this weekend. The auction will be held at the Seattle Airport Marriott on Saturday, December 14 at 1:00 p.m. (PST). Hudson & Marshall is also offering live simulcast online bidding during the auction through its H&MLive! Web portal.

Read More »

DataQuick Enhances Standard Recorder Layout with Expanded Data

DataQuick, a real estate information solutions firm headquartered in San Diego, announced it has expanded its Standard Recorder layout to provide a more comprehensive view of properties and transactions. The expanded layout allows for the creation of a custom bundle devoted to key loan transaction intelligence, including data on 12 million loan modifications, loan terms on four million mortgages, interest rates on 600,000 loans, and details on 525,000 reverse mortgages.

Read More »

Markets Approach Normalcy as Foreclosure Crisis Enters ‘Ninth Inning’

The national foreclosure crisis is reaching its end as many markets work their way toward normalcy, according to the latest U.S. Foreclosure Market Report from RealtyTrac. As major evidence of this trend, RealtyTrac reports foreclosure starts reached a 95-month low in November. At the same time, overall foreclosure activity across the nation declined by 15 percent from October to November, while year-over-year, activity was down 37 percent.

Read More »

Title Insurance Premiums Rise 14% in Third Quarter

Title insurance premium volume rose 14 percent during the third quarter of 2013 when compared to the same period a year ago, according to the American Land Title Association (ALTA). Based on the national trade group's market share analysis for Q3, the title insurance industry generated $3.4 billion in premiums over the July-to-September period, compared to $3.0 billion in the third quarter of 2012.

Read More »

FHA to Bring Down Loan Limits for 2014

The Federal Housing Administration (FHA) is lowering loan limits on single-family mortgages next year, HUD announced. The federal agency's maximum ceiling for single-family loans will drop from $729,750 to $625,000. HUD estimates about 650 counties will see lower thresholds in 2014. Exceptions have been extended to counties in Alaska, Hawaii, Guam, and the Virgin Islands to account for greater construction costs.

Read More »

Platinum Data Recruits Valuations Expert to Tap Growing Market

Valuations expert Craig Zielazny has joined Platinum Data Solutions to help build out its automated valuation model (AVM) offerings, the company announced. As Platinum Data's new SVP of valuation analytics, Zielazny is tasked with growing its valuation analytics channel, which includes 18 non-proprietary AVMs and an AVM testing technology.

Read More »

Housing Momentum Stalled by Cautious Consumers

According to Fannie Mae's November National Housing Survey, positive momentum in the housing market has slowed as Americans remain cautious about their personal finances and the overall state of the economy. Nearly two-thirds of those surveyed believe the economy is on the wrong track. Within the next year, 22 percent expect their personal finances to worsen and only 45 percent expect home prices to increase.

Read More »

Pro Teck Unveils Appraisal Desktop with Inspection

Pro Teck Valuation Services introduced Appraisal Desktop with Inspection (ADI), a new hybrid appraisal product for home equity and second mortgage lending. As a USPAP-compliant desktop appraisal platform, ADI was designed to fill the gap between an automated valuation model with property condition report and a field appraisal.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.