Northbrook, Ill.-based LOGS NETWORK, a national network of affiliated law firms that represent creditor's rights, said Monday that it had selected eMASON's Clarifire application as its platform of choice for REO management.
Regular HW readers know I come from the default management trenches -- knowledge that I suppose right now is more in demand than ever. (Yet, here I am blogging something completely free for you to read; but that's a story for another day).
With that in mind, I read a story by Kate Berry at American Banker today with intense interest -- Fannie Mae is now apparently incenting its foreclosure attorneys to pursue workouts versus merely hitting a timeline:
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.