Michigan-based law firm opens new office in St. Paul, Minnesota to expand its mission as an advocate for the mortgage servicing community.
Read More »Op-Ed: The Next Default Spike Will Be Different
Michael Krein, President of the National REO Brokers Association, explains how things have changed dramatically in the way the default and foreclosure world operates.
Read More »2023 U.S. Foreclosure Activity Snapshot
A new report notes that 2023 foreclosure filings were up from 2022 but still below pre-pandemic levels. "Reflecting on 2023, we see the recent rise in foreclosure activity as a market correction rather than a cause for alarm. It signals a return to more traditional patterns after years of volatility," said Rob Barber, CEO at ATTOM.
Read More »Cenlar Appoints Two New Execs
The addition of Jay Hackney as new VP of Transfer Ops and the promotion of Allyson Kiesel to VP of Issues and Enterprise Change Management are the latest moves to bolster the executive team of the mortgage subservicer.
Read More »Homeowner Equity Remained Strong During Q3
While underwater mortgages continue to improve throughout the U.S., ATTOM's 2023 U.S. Home Equity & Underwater Report revealed nearly half of all mortgaged properties were considered equity-rich in Q3, despite experiencing the largest quarterly decrease since 2019. Here’s what else the report reveals.
Read More »September Delinquency Rate Experiences YoY Rise
ICE data shows a year-over-year rise of 13 basis points year over year, marking only the second—and largest—annual increase in the past 2.5 years.
Read More »Appellate Court Allows Lender to Foreclose Over Disputed Mortgage Payments
William Scott Leaman, an Attorney with the team at Diaz Anselmo & Associates, examines an Ohio Appellate Court ruling where a judgment of foreclosure was granted in favor of a lender, despite the borrower claiming they were not in default as their payments were wrongly rejected by the lender.
Read More »Circuit Court Exceeds Authority by Rewriting Terms of Mortgage
Attorney Adam Diaz examines a recent case in Florida where a judgment was entered in favor of the mortgagors and against a major bank as the court denied foreclosure and rewrote the terms of the note and mortgage.
Read More »Freddie Mac Sells $586 Million in Non-Performing Residential Loans
The GSE has announced the sale, via auction, of more than 3,500 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio as part of Freddie Mac’s Standard Pool Offerings.
Read More »FORCE Rally 2023: The Who’s Who of REO Agents
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."
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