Foreclosure/Bankruptcy

Managers, owners, and agents alike met to discuss and inform attendees on the ins and outs of property preservation in today’s changing market at the 20th Five Star Conference & Expo in Dallas.

The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."

The Legal League held its Fall Servicer Summit in conjunction with the 20th anniversary of the Five Star Conference in Dallas, spotlighting the latest regulatory developments, lawsuits, and emerging trends within the housing and mortgage space.

A new federal program is aimed at helping local governments carry out hazard mitigation projects in a major step toward protecting American infrastructure against disaster.

The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.

Citing deteriorating conditions in the bond market, declines in commercial real estate, and losses in the leveraged lending market, Sen. Elizabeth Warren voiced her concern over risks to the banking system due to rate hikes by the Federal Reserve.

Professors at Princeton University have found that a modest adjustment to eviction filing costs had a “clear and powerful effect” in the study, especially in majority-Black neighborhoods. 

August 2023’s Foreclosure Market Report, curated by ATTOM Data, showed that there was a total of 33,952 residential real estate properties with foreclosure filings against them, a number that jumped 7% from July but decreased by 2% year-over-year.

New deal enables Midwest-based community bank to offer real-time mortgage servicing through Sagent’s configurable tech offerings to adapt to evolving customer and regulatory requirements in real-time.

Attorney R. Keith Ustler explains how a new Florida summary judgment standard makes a summary judgment motion an essential step in any litigation.