REO

A successful career in real estate takes confidence, persistence, and a wealth of housing knowledge, but what professional skills do current agents claim to be the most important? Recent data cites that and more inside.

In the 10 years since Auction.com launched as a brand, a lot has changed in our industry. Both traditional REO and foreclosure sales have made a paradigm shift in the way transactions are handled. Editor's Note: This feature originally appeared in the September issue of DS News, available now.

Five Star President and CEO Ed Delgado conducted the opening remarks at both the Federation of Certified REO Experts (FORCE) Rally and American Mortgage Diversity Council (AMDC) meeting Monday. According to Delgado, the U.S. is headed toward a housing microbubble.

Following a steady market recovery since 2009, home auctions are gaining traction. Servicers now face the challenge of effectively selling assets while also optimizing returns. For nearly a decade, Hubzu® has helped banks and servicers accelerate disposition timelines and reduce holding costs.

Freddie Mac released a join bulletin with Fannie Mae Wednesday that updates its guidelines for standard servicing policies, which are unrelated to its special initiatives to aid those affected by the hurricanes that have ravaged the continental United States.

It has been three days since Hurricane Harvey made landfall off the coast of Texas, and shows little sign of letting up anytime soon. Houston, in particular, was especially ravaged by the deluge, which received 25 inches of rain in two days. But many properties with federally-insured mortgages sit outside Special Flood Hazard Areas, and aren’t required to have flood insurance . . .

Jamie Dimon of JPMorgan Chase released an official comment in response to the disbanding of President Trump’s manufacturing and business advisory councils, outlining his thoughts on the responsibilities of a leader.

Properties that would have been foreclosures are not even making it to the courts. So, what has driven foreclosure actions downward for the first time in years?

ZVN Properties has recently announced the hiring of Kiyoshi D. Hunt as VP of Strategic Partnership. Hunt has over 23 years experience working in professional sales and management with local and national organizations over multiple business segments.

This September, DS News’ sister publication, MReport, will honor housing’s top females in its Women of Impact list, which will be featured in a special Women in Housing issue.