One in three Americans would be unable to make their mortgage or rent payment beyond one month if they lost their job, according to the results of a national survey taken in mid-September. Job loss has become the primary driver of mortgage defaults. Wi…
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States Can Learn from New England’s Foreclosure Prevention Programs
As delinquencies and impending foreclosures rose, New England states responded with foreclosure prevention programs, generally falling into one of two categories: foreclosure mediation and financial assistance. The Federal Reserve Bank of Boston examin…
eMortgage Logic Releases Interactive Polygon Mapping Functionality
eMortgage Logic (EML), a national property valuations provider based out of Texas, is taking the guesswork out of determining the neighborhood for the subject property with the release of new proprietary interactive polygon mapping functionality. The c…
Industry Veterans Join to Deliver Portfolio Management Solutions
MasterServ Financial, Inc., a new provider of portfolio monitoring, analysis, and management tools and services, has named veterans from the mortgage lending industry to its management team. Led by CEO and Big Four consulting veteran John Iatesta, the …
Nevada Announces New ‘Foreclosure Fraud Reform’ Law
Nevada has held the number one spot in state foreclosure rankings for 56 consecutive months. In fact, for the month of August, RealtyTrac reports one in every 118 Nevada homes received a foreclosure filing. While foreclosures cannot always be prevented…
August Pending Sales Decline After Spurt in Existing Sales
The National Association of Realtors’ (NAR) Pending Home Sales Index for August was 88.6, which is on par with last year’s pending home sales average for the year, according to NAR’s chief economist, Lawrence Yun. Yun says the index has been moving wit…
Mortgage Delinquencies Rise as Home Retention Actions Drop: Report
Data released Thursday by a federal banking regulator provides a snapshot of mortgage performance over the second quarter of this year. Both early stage and serious delinquencies increased slightly compared to the previous three-month period, as did co…
RealtyBid.com Offers Agent Direct Bidding Program at No Charge
To help real estate agents boost slow-moving sales in a down economy, RealtyBid.com announced Thursday that it is offering a discount to real estate agents who want to use the online bidding service to help sell their properties. Throughout the month o…
Fixed Mortgage Rates Sink to Lowest on Record
Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of “Operation Twist.” Data released by Freddie Mac Thursday puts the average 30-year fixed-rate mortgage at 4.01 percent for the week ending Septem…
RealtyTrac’s Rick Sharga Departs to Join Carrington Mortgage Holdings
Rick Sharga has been the voice of RealtyTrac for more than seven years, serving as SVP at the foreclosure tracking and research firm since 2004. But effective this week, he has left RealtyTrac to join Carrington Mortgage Holdings. Sharga has taken on t…
