3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

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Posts net loss of $12.1 million

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Servicing / The Ticker

Detroit Land Bank to take over 8,000 properties

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The question of what is going to happen to the 7,900 properties that did not sell in the Wayne County foreclosure auction in October appears to have been answered. 

The Detroit News reports that the little-known, quasi-government entity Detroit Land Bank Authority will be taking on the nearly 8,000 properties.
Source: mLive
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