J.K. Huey of Wells Fargo was presented with the 2014 Five Star Lifetime Achievement Award at the Women in Housing Leadership Summit September 16 as part of the 11th Annual Five Star Conference and Expo.
Read More »Distressed Home Sale Prices Increase in August
The August median price of U.S. distressed homes climbed both monthly and annually, according to RealtyTrac's August 2014 U.S. Residential and Foreclosure Sales Report released on Sept. 25.
Read More »New Trade Group Launches for REO Professionals in Midwest
Dubbed the Midwest REO Association (MRA), the trade organization hopes to serve as a major resource for REO professionals serving in the country's heartland, says Bryan Lysikowski, CEO of Ohio-based ZVN Properties and co-founder of the group.
Read More »Fay Servicing Adds RES.NET’s REO Portal to Manage Portfolio
RES.NET, a California-based software applications firm serving the real estate industry, has partnered with Fay Servicing to provide Fay's clients access to RES.NET's expansive network of agents and vendors through the company's REO Portal.
Read More »REOs Fall Year-Over-Year for 21st Straight Month
The number of residential properties repossessed by lenders by way of foreclosure in August declined on a year-over-year basis for the 21st consecutive month, according to RealtyTrac's monthly U.S. Foreclosure Market Report for August 2014 released September 11.
Read More »Experts to Lecture on Opportunities, Strategy in Investment Lab at FSC
Participants in the Investment Lab at the upcoming 2014 Five Star Conference and Expo will have a chance to hear industry professionals speak on all aspects of investing, from bridge lending to government investment opportunities.
Read More »Foreclosure Filings Up in July
Foreclosure activity on U.S. housing units showed a 2 percent increase in July from the previous month but was still down 16 percent from the same month last year, according to RealtyTrac's July 2014 U.S. Foreclosure Market Report released on August 14.
Read More »Five Star Institute Assembles FORCE Advisory Board
In Dallas, the Five Star Institute announced the formation of the advisory board for the Federation of REO Certified Experts (FORCE) for 2014–2015.
Read More »Fay Servicing Opens REO Division
Fay Servicing, a Chicago based diversified mortgage company, announced intentions to expand its portfolio by launching an REO division. Glenn Brooks has been selected to head up the new department, serving as Senior Vice President. In that role, Brooks will provide strategic direction and manage outside relationships vital the division’s success.
Read More »GSEs Foreclosure Prevention Actions Nearly 3.2M through Q1
Fannie Mae and Freddie Mac have completed nearly 3.2 million foreclosure prevention actions since the start of the government's conservatorship of the two companies in 2008. According to the Federal Housing Finance Agency's Foreclosure Prevention Report, 88,000 actions were performed in the first quarter of 2014 alone.
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