CFPB analyst cites 'profound' mortgage servicer community impact

FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion

Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
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Items Tagged with 'REO'

ARTICLES

S&P: 3 reasons REO-to-rental bonds are not triple-A

Disagrees with Moody's, Kroll, Morningstar
February 28, 2014
"Our primary reservations regarding the sector… revolve around the industry's operational infancy, historical performance, the current business model's ability to withstand extreme economic conditions," the company said in a statement.
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Freddie pushes Mom-and-Pop shops as REO sales slow

Bonuses offered to selling and listing agents, buyers
February 25, 2014
Freddie Mac, with some 12,000 units in its inventory, is trying to jumpstart sales by appealing to individual homebuyers — the mom-and-pop shops.
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Pennsylvania's new lien law could monkeywrench REO sales in 6 ways

A lien on one becomes a lien on all
February 24, 2014
A new law in Pennsylvania requires that delinquent taxes on one property will create liens on all of owners' other properties in that county, and real estate agents and lenders are worried it will put a kibosh on business.
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Mortgage servicers foreclosing on very different timelines

Rates can vary almost 200%
February 18, 2014
Cases with a Bankruptcy Discharge filing had an average foreclosure timeline of 448 days longer than cases without similar filings.
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Real estate agents: Want to make an extra $1,000?

Freddie Mac offers winter bonuses for REO sales
February 18, 2014
Selling agents will receive a $1,000 incentive, and listing agents a separate $500 incentive, when they sell HomeSteps homes located in one of the 23 target states.
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LRES launches new REO operating model

February 17, 2014
LRES unveiled its new REO operating model Monday,which is designed to increase efficiency and accommodate the influx of new clients with portfolios of assets in various stages of the foreclosure process.
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REO performance pushes PennyMac profit

PMT sold one-quarter of its re-performing loan portfolio
February 6, 2014
PennyMac reported better-than-expected 4Q earnings on REO portfolio and higher capitalized interest on modifications.
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FHA goes full throttle with modernization effort

Agency green lights acceptance of more e-signatures on mortgage docs
January 30, 2014
The Federal Housing Administration policy launched this week allows e-Signatures on origination, servicing and loss mitigation documents.
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Vectra Field Services, Valuation Vision launch RepairSmart

January 30, 2014
Vectra Field Services and Valuation Vision launched RepairSmart BPO, which harnesses the expertise of a property inspector and the market and valuation knowledge of local real estate agents.
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Are rental bonds driving up the rent?

Rep. Mark Takano asks House Financial Services Committee to investigate
January 23, 2014
Bonds backed by rental payments may be gaining the attention of investors, but they’ve also caught a few critics along the way. One Congressman is already asking for an investigation.
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