Tag Archives: REO

Provider of REO asset management and loss mitigation services for mortgage servicers, investment firms, and banking institutions, Green River Capital (GRC) recently named Katie Brewer as COO.

After a slight dip in December likely due to seasonality, REO sales once again had a 60 percent cash sales share for January, according to CoreLogic's January 2015 cash sales report released Thursday.

Investors who sought low prices on distressed inventory with a high return on investment took advantage of opportunities in Q1. With an absence of traditional homebuyers, investors reduced high distressed saturation rates by creating more demand, thus driving up home prices in key recovering metros, according to Clear Capital.

Distressed sales (short sales and REO property transactions) accounted for just 12.7 percent of residential real estate transactions nationwide in 2014, the lowest share since 2007, according to Black Knight's February 2015 Mortgage Monitor released today.

The practice of purchasing bank-owned properties in bulk quantities has become popular among investors in recent years, particularly at the height of the foreclosure wave in 2010 and 2011, because the properties can be bought at a fraction of the market value and then flipped for a profit.

Sales of distressed homes (REO and short sales) fell to their lowest level in seven years and foreclosure inventory dropped by 34 percent year-over-year in December 2014, according to CoreLogic's February 2015 The MarketPulse report released on Tuesday.

REO sales posted the largest residential cash home sales share in November 2014 with more than 60 percent, according to CoreLogic's new cash sales data released on Wednesday.

A steep decline in foreclosure filings in Missouri has dropped the Show Me State from the middle of the pack down to having one of the lowest foreclosure rates among states in November, according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released late last week.

The number of residential foreclosure filings in the U.S. declined by 9 percent from October to November despite a yearly spike in the number of foreclosure starts (scheduled auctions), according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released Thursday.

ln a recent company announcement, Nationstar subsidiary Solutionstar named Chad Neel as its EVP of servicing solutions. Both companies are based in Lewisville, Texas.