Articles Tagged with ''Local government''

From HW Magazine

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HOA liens continue to stalk first-lien positions, leaving investors and servicers on the hook
It doesn't exactly send a terrible shiver down the spine in the same way as, say, IRS might. By comparison, HOA bears a somewhat comfortable ring -- standing of course for homeowners' association. Yet for RMBS investors, the man from the HOA can has as chilling an effect as the dreaded taxman.
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HOPE NOW Hosts Foreclosure Counseling Events

More than 4,000 distressed borrowers received foreclosure prevention counseling from the HOPE NOW Alliance at two separate events in the greater Las Vegas and Phoenix areas. The counseling was provided in partnership with NeighborWorks America, the Treasury Department as well as municipal and community-based housing groups. Participants could meet with representatives from their lender and counselors from Department of Housing and Urban Development (HUD)-approved organizations to pursue options to avoid foreclosure.
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Freddie Mac Touts New Vista REO Partnership

Clearly, Jim Park and Gary Acosta's idea to start an REO outsourcer that utilized a minority-led broker network and worked with non-profit counseling agencies was a good idea. Perhaps even better than just good. It might even be time to classify the idea to form New Vista Asset Management as a home run by the standards of the REO management industry. After all, name one other outsourcer that can count Countrywide, Fannie and Freddie among its customer base, within just two years of starting up?
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