Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race


Chad Neel joins Solutionstar as executive vice president

Will oversee servicing solutions
Ben Lane
Solutionstar has hired Chad Neel as the company’s new executive vice president of servicing solutions. In this role, Neel will focus on launching new product, technology and service offerings for existing and new customers.
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Foreclosure timelines in California, Nevada stay lengthy

Moody’s: Gradual decline to start in early 2016
Trey Garrison
Foreclosure timelines for private-label residential mortgage-backed securities loans backed by properties in California and Nevada, two non-judicial foreclosure states, will remain lengthy over the next year until gradually starting to decline in early 2016.
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Legal group sounds alarm on foreclosure rescue scams

Joint report looks at cost and tactics behind fraud
Trey Garrison
The Center for NYC Neighborhoods and the national Lawyers’ Committee for Civil Rights Under Law released a joint report on foreclosure rescue scams, what it costs, and what the latest tactics are.
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Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised
Jacob Gaffney
In fact, the disdain banks and their branch workers have toward their customers is even the subject of one bank's marketing campaign — that's testament to just how widely accepted it is that customer service is terrible. Well, RBS reportedly did something to top it all.
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$4.8 billion portfolio of Fannie, Freddie MSRs hits market

Available from “a highly reputable mortgage banking company”
Ben Lane
"These offerings provide an excellent opportunity to finish off your year with the purchase of a substantial amount of extremely low interest rate, high quality MSRs from a highly reputable mortgage banking company," said Interactive Mortgage Advisors, which is acting as the exclusive broker for the seller.
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REO agents and brokers deserve to be paid more

The paperwork alone can be mind-boggling
Lynn Effinger
Without necessarily intending to, I am going through this process currently as it relates to REO management, marketing and disposition. And it is an eye-opening process, indeed, even for this longtime veteran of this industry.
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CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
Brena Swanson
The Consumer Financial Protection Bureau is proposing additional measures to ensure that homeowners are treated fairly by mortgage servicers. Here are the key changes.
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Foreclosure sales were down a solid 36% YOY in 3Q

Hope Now: Foreclosure sales hit lowest since 2007
Trey Garrison
About 468,000 homeowners received non-foreclosure solutions from mortgage servicers in July, August and September, according to Hope Now.
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Stop panicking about recent foreclosure numbers

The sky is not falling
Rick Sharga
So, are we about to see housing Armageddon? Do these ominous increases in foreclosure activity mean that the market is about to implode? No. Not even close. Allow me to explain.
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$1.2 billion Fannie, Freddie MSR portfolio available for sale

Seller hopes for sale by year-end
Ben Lane

“It’s a very desirable deal: you have size, a strong seller, and clean product,” said Robert Wellerstein, managing director at MountainView Servicing Group. “That’s what you should be looking for as a buyer.”

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