Kerry Medel, Client Relationship Manager, Brookstone Management LLC Kerry Medel is Client Relationship Manager for Brookstone Management LLC, a nationwide firm specializing in preserving and maintaining vacant, pre-foreclosure, and REO...
Read More »Search Results for: foreclosure
Mortgage Delinquencies Hit Another Historic Low
...Delinquency (90 days or more past due, including loans in foreclosure): 1.8%, down from 3.8% in January 2021 and a high of 4.3% in August 2020. Foreclosure Inventory Rate (the...
Read More »Workforce Configuration to Meet Client Needs
...past year, and how did you work to overcome them? Mowers: Two of the more significant challenges were default and foreclosure claim volume constraints caused by the mortgage forbearance and...
Read More »The Exchange: The Way Forward
...you anticipate for foreclosure rates going forward? Cordell: One thing that surprised us early on is, even though the foreclosure moratoria ended in July, foreclosure starts didn’t really pick up....
Read More »FHFA Suspends Foreclosures on Borrowers Who Applied for HAF Assistance
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the GSEs) will require servicers to suspend foreclosure activities for up to 60 days if the...
Read More »Working Toward Equity and Sustainability
...understand and couldn't afford. Borrowers’ ability to repay was questionable throughout the Great Recession, with all the associated delinquencies and foreclosures. As such, confidence in the mortgage market and the...
Read More »How Remote Bidding Technology Empowers Local Community Developers
...bidding technology allows prospective foreclosure buyers to purchase properties at foreclosure auction remotely, even in states that still mandate a traditional, in-person foreclosure auction—all states except Ohio and Florida. This...
Read More »After the Pause
...threat of immediate foreclosure or eviction. The EEFPA provided a mandatory stay of any foreclosure or eviction proceeding in which a borrower or homeowner filed a hardship declaration with the...
Read More »After Initial Denial, Florida Court Authorizes Foreclosure on HELOC
Florida’s Fourth District Court of Appeals (DCA) has issued an opinion reversing a Palm Beach Circuit Court, which dismissed US Bank’s foreclosure complaint against Steven and Dorothy Grob (the Grobs)...
Read More »Servicer Collaboration in a Post-Pandemic World
...creditor’s rights and foreclosure, an area of law in which she has actively practiced for five years. Yaker has a passion FHA-related servicing and has conducted numerous onsite trainings, participated...
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