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Tag Archives: MMREM

Secretary of State Addresses Mortgage Industry at Honors Event

Former Secretary of State Dr. Condoleezza Rice delivered the keynote address to conclude Monday night's program at the 10th annual Five Star Conference and Expo in Dallas. Dr. Rice took the stage after the unprecedented giveaway of 10 free homes to U.S. veterans and their families by the Military Warriors Support Foundation, four banks in attendance, and three event sponsors. The evening kicked off with the presentation of the 2013 Five Star Lifetime Achievement Award to Anthony T. Meola of Bank of America.

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Splerlonga Registers 225,000 HOAs for Database Project

Sperlonga Data and Analytics announced it has registered the 225,000th homeowners association (HOA) in its database. Based in Arlington, Virginia, Sperlonga Data and Analytics is an affiliate of MMREM, a national asset management firm, and was created to bridge the gap between HOAs and servicers to help stakeholders minimize losses associated with HOA claims.

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MMREM Names Timothy Walsh Executive Vice President

Matt Martin Real Estate Management (MMREM) has named mortgage industry veteran Timothy Walsh to the position of executive vice president. MMREM is a national asset management and disposition firm that deals with multiple federal agencies, mortgage servicers, investors, and insurers. Its affiliate company Sperlonga Data & Analytics provides solutions to facilitate the resolution of homeowners associations' (HOAs) claims for unpaid fees. Walsh was also named as executive vice president of Sperlonga Data & Analytics

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HUD Offers REO Homes for $100 Down in Select States

HUD has approved a program aimed at putting foreclosed homes back into the hands of owner-occupant buyers. In select states, from now into October of next year, buyers need a down payment of only $100 to purchase a HUD-owned REO home. The buyer must be an owner-occupant, utilizing financing insured by the Federal Housing Administration (FHA). Contacts in the field say one of the most exciting features of this incentive program is that it can also be applied to an FHA 203k loan, which can be used to fund repairs and renovations on the home.

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Matt Martin Real Estate Management Taps Ivan Choi as SVP

Matt Martin Real Estate Management (MMREM) has named lending industry veteran Ivan Choi to the newly-created position of senior vice president. In his new role, Choi will be a key member of MMREM's executive and planning team, working directly with CEO and founder Matt Martin, as well as the management team of Sperlonga Data & Analytics, MMREM's affiliate company.

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Sperlonga Data & Analytics Taps Industry Veteran for SVP Role

Sperlonga Data and Analytics, a subsidiary of national real estate asset management firm MMREM, has announced the hiring of Brent Stokes, a 26-year mortgage industry veteran, for the newly created position of SVP. Sperlonga Data and Analytics provides a centralized interface for servicers and homeowners associations (HOAs) to help stakeholders minimize losses associated with transaction delays and lost revenues caused by HOA claims.

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Unpaid Homeowners Association Fees Signal Possible Mortgage Default

According to Sperlonga Data and Analytics, unpaid homeowners association (HOA) fees are a clear sign of potential mortgage default. Sperlonga has launched a new service, Loss Mitigation Association Surveillance (LMAS), which is designed to help mortgage servicers reduce risk after a loan modification by alerting lenders when a borrower is falling behind on HOA fees, which are historically difficult to track. With the new service, lenders can identify potential defaults or troubled modifications months before the borrower misses a mortgage payment.

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National Asset Management Firm Launches HOA Subsidiary

MMREM, a national asset management firm for federal agencies and private sector servicers, investors, and insurers, launched its partial subsidiary Sperlonga Data and Analytics last week. Sperlonga provides servicers, title agents, real estate brokers, appraisers, and originators with a centralized repository of homeowner association (HOA) information and payment demands.

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