REO

As the new year rolls in, DS News is taking a look back at some of the biggest REO headlines and stories of 2014

Real estate investment trust Redwood Trust, Inc., announced the addition of former Fannie Mae executive Karen R. Pallotta to the company's board of directors.

The Federal Housing Finance Agency (FHFA) recently changed its policy regarding buyback of REO properties through Fannie Mae and Freddie Mac, but Massachusetts Attorney General Martha Coakley thinks the agency could do more.

Green River Capital (GRC), a Utah-based REO asset management and loss mitigation provider for mortgage servicers, investment firms, and banks, has announced the promotion of two employees to senior vice president positions as well as the hiring of one VP from outside the company.

Irvine, California-based residential loan servicer Rushmore Loan Management Services opened a branch in San Juan, Puerto Rico, earlier this month.

Default Servicing Technologies (DST), an Illinois-based provider of web-based automated tools for asset managers and mortgage servicers to manage REO properties, has announced the hiring of Doring Lloyd as the firm's VP of business development.

The median price of a distressed residential property, which is one that is either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October, according to RealtyTrac's October 2014 Residential and Foreclosure Sales Report released on Wednesday.

The Federal Housing Finance Agency (FHFA) announced a policy change on Wednesday that would allow Fannie Mae and Freddie Mac to sell existing REO properties to any qualified purchaser at fair market value, which would be determined by the companies.

ln a recent company announcement, Nationstar subsidiary Solutionstar named Chad Neel as its EVP of servicing solutions. Both companies are based in Lewisville, Texas.

While the housing market has made measurable strides toward recovery in the last two years, the coming year could bring the start of another downturn, one expert says. Delivering comments to a group of REO brokers and agents, Ed Delgado, ...