Fannie Mae and Freddie Mac prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million, the Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention for Q2 2014 released on September 24.
Read More »Wells Fargo’s J.K. Huey Receives 2014 Five Star Lifetime Achievement Award
J.K. Huey of Wells Fargo was presented with the 2014 Five Star Lifetime Achievement Award at the Women in Housing Leadership Summit September 16 as part of the 11th Annual Five Star Conference and Expo.
Read More »Distressed Home Sale Prices Increase in August
The August median price of U.S. distressed homes climbed both monthly and annually, according to RealtyTrac's August 2014 U.S. Residential and Foreclosure Sales Report released on Sept. 25.
Read More »New Trade Group Launches for REO Professionals in Midwest
Dubbed the Midwest REO Association (MRA), the trade organization hopes to serve as a major resource for REO professionals serving in the country's heartland, says Bryan Lysikowski, CEO of Ohio-based ZVN Properties and co-founder of the group.
Read More »Fay Servicing Adds RES.NET’s REO Portal to Manage Portfolio
RES.NET, a California-based software applications firm serving the real estate industry, has partnered with Fay Servicing to provide Fay's clients access to RES.NET's expansive network of agents and vendors through the company's REO Portal.
Read More »REOs Fall Year-Over-Year for 21st Straight Month
The number of residential properties repossessed by lenders by way of foreclosure in August declined on a year-over-year basis for the 21st consecutive month, according to RealtyTrac's monthly U.S. Foreclosure Market Report for August 2014 released September 11.
Read More »Colorado Sees Unusual Foreclosure Surge in August
Foreclosure activity took a significant upward turn in the historically foreclosure-slow state of Colorado in August, according to RealtyTrac's monthly U.S. Foreclosure Market Report for August 2014 released September 11.
Read More »Fannie Mae Relaxes Waiting Period for Distressed Borrowers
Fannie Mae recently released a report revising the waiting periods for borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan.
Read More »Report: Foreclosure Filings Rise Monthly, But Fall Annually
The number of foreclosure filings in the nation has increased month-over-month but declined year-over-year, according to RealtyTrac's monthly U.S. Foreclosure Market Report for August 2014 released today.
Read More »New York AG Pushing Legislation to Stop ‘Zombie Foreclosures’
New York Attorney General Eric T. Schneiderman and others have made a big push in recent months to pass legislation to prevent so-called "zombie foreclosures," which have become a significant problem in the state.
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