Topics of discussions included whether short sales are still relevant, whether or not to sell occupied properties, claims without certificate of title, resolving the "hold bucket," determining the right disposition strategy for the property, the impact of prolonged sales cycles on the community, what to evaluate when considering a property repair, and what can be done to expedite the foreclosure process on vacant and abandoned properties.
Read More »Former HUD Employee Receives Prison Sentence for Defrauding Government of $843K
A former loan guarantee specialist for the U.S. Department of Housing and Urban Development (HUD) was sentenced to 26 months in a federal prison for defrauding the federal government of $843,000, according to an announcement from the U.S. Department of Justice.
Read More »Massachusetts AG Urges FHFA to Make More Changes to Buyback Policy
The Federal Housing Finance Agency (FHFA) recently changed its policy regarding buyback of REO properties through Fannie Mae and Freddie Mac, but Massachusetts Attorney General Martha Coakley thinks the agency could do more.
Read More »A2Z Field Services Releases New Weather Alert System
Ohio-based national mortgage field services provider A2Z Field Services has announced the release of a weather and disaster notification system known as A2Z Weather Compass.
Read More »Default Servicing Technologies Hires New VP of Business Development
Default Servicing Technologies (DST), an Illinois-based provider of web-based automated tools for asset managers and mortgage servicers to manage REO properties, has announced the hiring of Doring Lloyd as the firm's VP of business development.
Read More »FHFA Announces Policy Change For GSEs’ Existing REO Sales
The Federal Housing Finance Agency (FHFA) announced a policy change on Wednesday that would allow Fannie Mae and Freddie Mac to sell existing REO properties to any qualified purchaser at fair market value, which would be determined by the companies.
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