It’s not a question that real estate professionals, default services, or buyers like to ask aloud, but, irregardless, it’s hard not to wonder if there’s an upside to foreclosuresx According to recent RealtyTrac data, the answer is ‘yes’ — depending on your circumstances.
Read More »Fitch Says U.S. REITs Strong, But Residential Market a Concern
Despite some of the recent gloom and doom in the housing market, the latest Fitch Ratings report shows the performance of U.S. ‘REITs’ in 2007 as stable and strong. Continued economic expansion should remain a catalyst for higher occupanices and rental rates for many companies across the spectrum of property types, said Steven Marks, managing director and REIT group head.
Read More »REO Horror Story: When Pets Fail Potty-Training
What happens when a pet fails potty-training schoolx A few years ago, Pro Realty Inc. broker Matthew Revitte, who is based in Greeley, Colorado, was unfortunate enough to learn the answer. At the time, Matthew was working on a distressed home and was shocked to find its walls, floors, and ceilings covered in a thick, brown substance.
Read More »Ohio Gives a Million to Prevent Foreclosures
The Ohio Department of Development has generated $1 million in rescue funds to help distressed homeowners in their state. The donation will benefit the much larger Ohio Foreclosure Prevention Initiative — a statewide program that educates at-risk borrowers by referring them to a toll-free foreclosure prevention hotline.
Read More »C-BASS to Acquire Fieldstone Investment Corp.
New York-based Credit-Based Asset Servicing and Securitization LLC (C-BASS), an affiliate of MGIC Investment Corp. and Radian Group, has entered into a definitive merger agreement with Fieldstone Investment Corp.
Read More »David Tiberio Joins eAppraiseIT
Poway, California-based eAppraise%{=font-style: italic;}IT%, a provider of real estate valuation products and services, has hired David Tiberio to serve as the company’s valuation consultant for the default sector.
Read More »Accredited Home Lenders Reports 2006 Losses
A difficult subprime market has finally caught up to San Diego-based Accredited Home Lenders Holding Co. A report released Thursday shows the subprime lender’s net income fell from $155.4 million in 2005 to $57.
Read More »DepotPoint Product to Detect Risky Loans Early On
After experiencing losses in the subprime market, mortgage lenders are turning to risk-assessment strategies to spot troubled loans early on. But, in today’s market, where lenders are constantly acquiring and selling off loan portfolios, the process of tracking challenged loans is more difficult than it first appears.
Read More »Thomas Driver Named Director of Operations for Keystone Asset Management
Lansdale, Pennsylvania-based Keystone Asset Management, a nationally recognized firm that provides comprehensive services to clients in the default servicing industry, has named Thomas W. Driver director of operations for its corporate office.
Read More »Martin, Leigh, Laws & Fritzlen Announces New Hires
Kansas City, Missouri-based Martin, Leigh, Laws & Fritzlen, P.C., a law firm specializing in mortgage and commercial real estate litigation, announced the addition of four new staff members within its St.
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