Industry veteran Michelle Begni-Hymer will join Equity Pointe Asset Services, Inc. as SVP of sales and marketing, according to an announcement made by the company. Begni-Hymer has over 15 years’ experience in the default mortgage servicing industry, mo…
News
Stewart Lender Services Looking to Hire Hundreds
Stewart Lender Services is hosting a job fair on Monday, December 19 in Houston, Texas, in order to hire approximately 200 to 300 associates to fill mortgage servicing and loss mitigation positions. The company says it is growing in all areas, includin…
Valuations and Sales Discounts Eat Away at Foreclosure Proceeds
Low property valuations and steep sales discounts reduce the proceeds from liquidated loans by almost a third, according to Moody’s Investors Service. As home prices drop, equity erosion drives most of the losses incurred on defaulted loans, but Moody’…
Nevada AG Files Suit Against Three More Notaries
After filing criminal charges about a month ago against two title officers employed by Lender Processing Services, Nevada Attorney General Catherine Cortez Masto has filed complaints against three additional notaries. The new defendants allegedly filed…
Fannie Mae: Three Servicers Improve Foreclosure Prevention Efforts
Fannie Mae has released the third-quarter results of its Servicer Total Achievement Rewards (STAR) Program, which grades servicers on foreclosure prevention performance. The GSE says three companies – JPMorgan Chase, PHH Mortgage, and U.S. Bank – demon…
Mortgage Rates Hit Record Lows
It’s now more affordable than ever to take out a home loan. According to Freddie Mac’s nationwide survey, the 30-year fixed rate this week matched its average all-time record low of 3.94 percent, while the 15-year rate sank to a new low of 3.21 percent…
Freedman Anselmo Lindberg Taps Jennifer Hester as Marketing Director
Freedman Anselmo Lindberg LLC, a Chicago-based legal services provider to the mortgage banking industry, has recently announced the addition of Jennifer L. Hester as director of marketing and business development. Hester will oversee and direct all mar…
Foreclosure Filings Down 3%, RealtyTrac Reports
Foreclosure activity slipped 3 percent in November when compared to the previous month, but filings at various stages of the process showed starkly different movements, according to RealtyTrac’s latest market report. Scheduled auctions hit a nine-month…
Freddie Mac Mandates Servicer Participation in State Mortgage Programs
Freddie Mac has notified servicers that they are required to take part in mortgage assistance programs offered by state Housing Finance Agencies (HFAs) in connection with the federal government’s Hardest Hit Fund initiative. The GSE says collaboration …
Fitch: Timing and Method of REO Disposition Matters
Citing data from Lender Processing Services estimating more than 2 million properties in some state of foreclosure, Fitch Ratings says REO sales – both single-property and bulk sales – will be an integral component of the housing market over the next t…
