The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."
Read More »Distressed Sales Share 2 Years Away from ‘Normal’
The share of home sales that are REO properties is about one-third of what it was at its peak seven years ago.
Read More »Mortgaged Property Listings See Huge Declines
Mortgaged properties for sale have seen huge declines in recent years, and the driving force behind the decrease is the declines in non-current inventory and noncurrent listing share.
Read More »Cash Sales Prevalent Among Lower-Valued Homes
While the cash sales share has declined by more than 20 percent since peaking five years ago, a disparity remains between cash sales transactions in among the highest and lowest valued homes.
Read More »The Declining Foreclosure Inventory: Is the News All Good?
While the consistent decline in foreclosure inventory and completed foreclosures may be indicative of a healing housing market, the side effects of falling foreclosure metrics may be a cause for concern heading into the spring homebuying season.
Read More »Counsel’s Corner: Diversification is Key for Default Servicing Firms
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Mike Barker, Managing Partner at Quintairos, Prieto, Wood & Boyer.
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