PropertyAccess, a provider of national property management services for institutional investors, is taking the guesswork out of the REO-to-rental market by offering investors a solution that addresses the full lifecycle of property management, includin…
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Number of ‘Improving’ Housing Markets Expands to Nearly 100
The number of housing markets showing measurable improvement expanded by 29 metros in February to include a total of 98 markets listed on the Improving Markets Index from First American and the National Association of Home Builders. The index tracks ma…
Industry Waits with Bated Breath as States Consider Settlement
The deadline for the 50 state attorneys general to sign onto the settlement negotiated between the committee headed by Iowa Attorney General Tom Miller and five large servicers was extended from Friday to Monday. Late Monday evening, Miller’s office is…
HAMP Mods Approach 1M Mark
More than 930,000 homeowners have received a permanent modification through the government’s Home Affordable Modification Program (HAMP), saving an estimated $10.5 billion in monthly mortgage payments, according to Treasury. While this tally – nearly t…
New York Housing Counselor Charged with Defrauding Homeowners
A New York housing counselor has been sentenced to 72 months in jail and three years supervision by a U.S. District Court judge after defrauding 136 homeowners who reached out for help as they attempted to avoid foreclosure. The judge also ordered Lori…
South & Associates Hires Four New Attorneys
South & Associates, a law firm focusing on the protection of creditors’ rights in Missouri, Kansas, Nebraska, and Iowa, has recently hired four new associate attorneys in its corporate office located in Overland Park, Kansas. Matt Durgin has joined Sou…
Home Prices Start Year With 2.6% Annual Drop
Data through the end of January released by Clear Capital Monday shows home prices in the U.S. are down 2.6 percent from a year ago. The company’s rolling quarter assessment, which compares the four months through January 2012 to the previous three mon…
Bank of America’s Barbara Desoer to Retire
Bank of America informed its staff Friday that Barbara Desoer will retire from the company in February.
In her current role as president of Bank of America Home Loans, Desoer helped manage the integration of the Home Loans business into Consumer B…
Florida Bill Limits Banks’ HOA Obligations
Among the provisions stipulated in Florida’s newly revised House Bill 319 are enhanced specifications regarding banks’ obligations to homeowner associations (HOAs). When a bank forecloses on a home, it potentially absorbs liabilities from unpaid homeow…
New York AG Sues Three Largest Lenders Over MERS
New York Attorney General Eric Schneiderman has filed a lawsuit against the nation’s top three mortgage lenders charging that their use of the electronic registry system MERS has resulted in deceptive and fraudulent foreclosure filings throughout New Y…
