31 May

Staying Current with the Changing REO Space

first_img Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago September 14, 2016 1,029 Views The REO landscape is not what it used to be six years ago at the height of the foreclosure wave—and many will say it is not the same as it was even two years or a year ago.The best in the REO space gathered on Tuesday for the REO Lab at the 2016 Five Star Conference and Expo to discuss ways to survive and grow business in the evolving REO landscape, which has seen volumes decline to just a fraction of what they were in 2010 when foreclosures peaked.A standing room only crowd listened as experts provided insight on how to best take on the new REO marketplace, covering such topics as better branding your company in front of asset managers, servicers, and investors, developing a well-thought out business plan to increase listings, asset management, diversification and converting leads to listings, becoming indispensable, using technology to expand your business, and alternative disposition. The lab was co-directed by Mercedes Henriksson, Director of Loss Mitigation with Fannie Mae, and Lisa Shepherd, Executive Director of Property Preservation, Assero 24. The host of the lab was Jon Miko, CEO of Alacrity Services.“The market has changed and real estate has changed,” Henrikkson said. “A lot of the folks here at the Five Star Conference, the majority of their business is concentrated on REOs, so when you see that inventory decline so drastically, it’s scary for them. Part of it is reinventing what they do to do it better, and the other part is looking and finding other channels for disposition of properties that they can become part of, whether that be the auction space, whether that be the HECM space, whether that be the single-family rental space. To some of those folks, those were new opportunities, and that’s what they’re looking to do—in some ways replace some, if not all of what they’ve lost on the REO side, with something else.”The lab included an update on Fannie Mae from Mark Arnold, Sales Director with Fannie Mae; an update on the Residential REO Market from Mary Best Brill, managing partner, U.S. REO Partners; meaningful data analytics in an Equator update from George Roletter, VP digital products and marketing, Equator; outsourcing, asset management, and mortgage servicing solutions in an update on VRM Mortgage Services from Brandon Kirkham, SVP of business expansion, VRM; and an REO update from Sharon Bartlett, executive director of industry relations with the Five Star Institute.“I think that people are realizing the market may shift again, and if you’re ahead of your game and paying attention now, if it shifts, and your knowledge is there, you’ll be able to handle that industry, I think REOs will come back—not the way they were when the market shifted in 2008, 2009, and 2010,” said Joyce Essex-Harvey, an agent with Coldwell Banker Residential Brokerage and one of the speakers in the lab. “But I think the inventory will go up in a year or two. Property values, at least where we are (in Los Angeles), have jumped so high in the last two to three years—in some places, 20 percent in a year. When you have that kind of shift that quickly, usually there has to be some kind of adjustment. You can tell already in the really high end in Los Angeles that it’s slowing down a little bit, and sometimes that’s an indicator that it’s shifting a little bit.”Speakers included (in addition to those listed above) were Garrett Mays, RES.NET; Chris McMahon, REO Management Solutions; Rebecca Smith, Green River Capital; Steve Salimbas, Allyconnect; Carla Ulufanua, LRC Asset Management; Rochelle Jones, Alta Realty Company; Erica Jade, Realty One Group; Clay Lehman, Resolute Asset Management; Michael Harris, Exceleras; JP Ackerman, HouseCanary; Shawn Miller, Hudson & Marshall; Tyler Smith, Wells Fargo, Rick Sharga, Ten-X; and Ted Weinstein, Castle Rock Realty Group.“The biggest thing overall from the presentation is the diversity that an agent needs to have now,” said Lisa Shepherd, Executive Director of Property Preservation, Assero 24, and lab co-director. “That’s really the theme we’ve heard across the last couple of days. REO agents need to be more diverse. In the past, REO agents have focused solely on REO. Now you’re hearing a lot more about REO agents doing more in the property preservation space, you heard a lot about reverse mortgages, a lot more about auctions, so they’re really almost re-invented themselves.”Editor’s note: the Five Star Institute is the parent company of DS News and DSNews.com. in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Kendall Baer Home / Daily Dose / Staying Current with the Changing REO Space 2016-09-14 Kendall Baer The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Staying Current with the Changing REO Space Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Previous: Is the Market Moving Deeper into Buying Territory? Next: Servicing and Its New Regulatory Changeslast_img read more

31 May

Examining Military and Veteran Homeownership

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Previous: Your Guide to Where Default Servicing Is Headed Next: The Week Ahead: Making the Business Case for Diversity May 26, 2018 2,512 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Tagged with: Homebuyers Military military homebuyers Veterans The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago As the nation honors the legacy of our military, both those currently serving and those who served before, a newly released study examines trends among military homeownership.The National Association of REALTORS Research Group has released a new report entitled “Veterans & Active Military Home Buyers Profile.” To give a little perspective, active-duty military make up two percent of all American homebuyers. Veterans make up 17 percent, and 81 percent are non-military.The average active-duty military homebuyer is quite a bit younger than the average non-military homebuyer—34 years old for active military versus 42 years old for non-military. Active-duty military homebuyers are also more likely to be married, have multiple children living in the household, and purchase a larger home than non-military homebuyers.Fully half of all active-duty homebuyers are first-time buyers, and 68 percent are first-time sellers. For veterans, 19 percent are first-time buyers and 26 percent are first-time sellers. Among non-military, 35 percent are first-time buyers and 39 percent are first-time sellers.Active-duty military homebuyers do have a lower median income than non-military buyers at $84,000. However, they do have other advantages—both stable job security and no-down-payment financing options. A full 56 percent of active-duty homebuyers put no money down when purchasing a home, and 41 percent of veterans. For comparison’s sake, only seven percent of non-military buyers are able to make use of no-down-payment financing options.Among active-duty military who financed their home, 77 percent used a VA loan and 15 percent used a conventional loan. For veterans, 58 percent used a VA loan and 33 percent used a conventional loan.Among active-duty military asked why they planned to move in the future, 82 percent said they would move in the future because of their job. Thirty-three percent said they would move in order to flip their house, and 11 percent cited finding a better neighborhood as a reason to move.To read more about the state of military homeownership, click here.center_img Examining Military and Veteran Homeownership David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Homebuyers Military military homebuyers Veterans 2018-05-26 David Wharton Subscribe Related Articles About Author: David Wharton Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / Examining Military and Veteran Homeownership Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

31 May

Americans Continue to Bet on Real Estate Investment

first_img Share Save Americans Continue to Bet on Real Estate Investment Previous: Clarification for Debt Collectors and Servicers Next: Digital Age Coming to Automated Compliance Tagged with: Investment Rental Investment Rental 2019-05-08 Seth Welborn According to a Gallup poll, it’s real estate, not stocks, that are considered to be the best investment. The poll indicates that 35% of Americans believe real estate to be the superior long-term financial investment, compared to 27% who say stocks are the better investment.Stock ownership has not quite reached pre-recession levels, and previous Gallup analysis showed that stock ownership has declined among most major U.S. subgroups since before the recession, with the exception of upper-income and older Americans.. Gallup notes that their poll was conducted April 1-9, in the midst of a bull stock market and that with home values higher than they were before the recession, noting the likely returns.A 2018 Wells Fargo/Gallup survey asked U.S. investors with $10,000 or more in investments a similar question about the best long-term investment, and respondents were more optimistic about stock investment, while just 19% chose real estate as the best investment. The key different, Gallup notes, is that the question wording asked respondents to exclude their primary home when thinking of real estate as an investment. This means that while many Americans see their primary home as a solid investment, a second home or another type of real estate investment, such as a rental property, is not as appealing as stocks are.For real estate investors, “opportunity zones” may be the way to go.Department of Housing and Urban Development Secretary Benjamin Carson was recently interviewed on Fox News’ “The Next Revolution with Steve Hilton” to talk the proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in “Opportunity Zones” in low-income areas.Going forward into 2019, real estate investment will be about “looking good,” according to Chris Dunlap, VP and Risk Services Lead for Hub’s National Real Estate Practice.“Properties that maintain—or improve—their standing will be best positioned to keep costs at bay,” said Dunlap. “The proven way to do this is to invest in tighter risk management, including disaster preparedness ahead of the next catastrophic event and engaging your property policy broker to do what they do best—negotiate on your behalf.” Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.  Print This Post Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Investment, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago May 8, 2019 6,154 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Americans Continue to Bet on Real Estate Investment The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Subscribelast_img read more

31 May

The Struggles of Saving for a Home

first_img Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. According to Unison’s 2019 Home Affordability Report, it now takes 14 years for those making a median income to save for a 20% down payment on a median-price homes, meaning many prospective millennial homebuyers won’t achieve homeownership until their 40s.The report states that the monthly payment needed to support a home purchase with a down payment of 20% grew by 12% between 2017 and 2018, far outpacing the growth of income during that period of 6%.Unison found that it takes prospective homebuyers in Los Angeles an average of 43 years to save the necessary 20% for a down payment on a median-priced home. Prospective homebuyers in Detroit, Michigan, have to wait just seven years, the shortest in the nation, to save the necessary 20%.Along the West Coast, metros such as San Francisco, California (40 years), San Diego, California (31 years), San Jose, California (31 years), and Honolulu, Hawaii (40 years) had among the nation’s longest waits.San Francisco had the highest average monthly payment at $5,052, followed by San Jose’s $3,187. The average monthly payment in Los Angeles was $3,048. A San Francisco resident would need an average income of $202,094 to pay the necessary 20% down payment.Detroit had the lowest average monthly payment of $251, and was followed by Milwaukee, Wisconsin ($635), and Wichita, Kansas ($639.)Homeowners in Phoenix, Arizona, have seen the median income increased 7% year-over-year, while there monthly payments have grown 20% over that same period. Richmond, Virginia, has seen median incomes fall 5% since last year as monthly house payments have grown 7%. Homes in Phoenix are also among those that have seen their home values increase the most year-over-year, boosting a 13% increase. Miami, Florida, has the highest home value increase in the nation at 19%.Nashville, Tennessee, leads the nation with its annual income increasing 17% since 2018, which out paces monthly payment growth by 4%—the nation’s largest gap.Despite the affordability issues nationwide, the report found that median home values increased 6% nationwide between 2017-2018. Affordability 2019-06-20 Mike Albanese The Struggles of Saving for a Home Tagged with: Affordability Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Industry Pulse: Updates on LoanCare, Continuity, and More Next: Finicity Partners with LendingQB  Print This Post The Best Markets For Residential Property Investors 2 days ago June 20, 2019 1,039 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / The Struggles of Saving for a Home The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

31 May

Wells Fargo Suspends Foreclosure Sales and Evictions

first_imgHome / Daily Dose / Wells Fargo Suspends Foreclosure Sales and Evictions Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Aspen Grove Waives Subscription Fees Next: Fed, Treasury, GSEs Work to Enhance Liquidity, Credit Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Wells Fargo Suspends Foreclosure Sales and Evictions Data Provider Black Knight to Acquire Top of Mind 2 days ago March 21, 2020 3,811 Views The Best Markets For Residential Property Investors 2 days ago Related Articles About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Tagged with: Coronavirus Wells Fargo in Daily Dose, Featured, Foreclosure, Newscenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Coronavirus Wells Fargo 2020-03-21 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Wells Fargo & Company has announced that it has suspended residential property foreclosure sales, evictions and involuntary auto repossessions, as part of additional comprehensive steps to help customers, communities and employees grappling with the impact of COVID-19. Additionally, the Wells Fargo Foundation will increase its charitable donations to $175 million to help address food, shelter, small business and housing stability, as well as to provide help to public health organizations.“The coronavirus is disrupting the daily lives of many people around the world, and Wells Fargo has taken—and will continue to take—the steps needed to support our customers, employees and communities during this difficult time,” said CEO Charlie Scharf. “We will continue to evaluate this fluid situation and take additional action as necessary.”Wells Fargo is taking several other steps to meet the needs of customers, operate safely and effectively and reduce the risk to employees and customers, recognizing that the company provides critical and essential services to the stability of the economy and the financial wellbeing of customers. The Wells Fargo Foundation is also increasing its charitable donations to $175 million to help address food, shelter, small business and housing stability, as well as to provide help to public health organizations.The company also is offering fee waivers, payment deferrals and other expanded assistance for credit card, auto, mortgage, small business and personal lending customers who contact the company.Wells Fargo will also be supporting its employees through a $10 million donation to its WE Care Fund. The fund provides resources to colleagues who face a catastrophic disaster or financial hardship resulting from an event beyond their control. This program is available to those affected by coronavirus and is intended to help employees, especially those with limited resources, get back on their feet with basic necessities. Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Share Save Subscribelast_img read more

27 May

Police make appeal for missing Omagh man

first_imgHomepage BannerNews Facebook NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Google+ Google+ Three factors driving Donegal housing market – Robinson Help sought in search for missing 27 year old in Letterkenny Police are growing increasingly concerned for the safety of 35-year-old Shane Sharkey from the Omagh area who has been reported missing. Shane was last seen on the September 4th at 10.30am, and it is now believed he was in the Dublin Road area of Omagh, walking country bound. He is described as being 5′ 6″ tall, having light to medium brown curly hair and is of thin build and may be wearing a rucksack. Police would ask Shane or anyone who has seen him to contact police immediately on the 101 number RELATED ARTICLESMORE FROM AUTHOR Twitter Police make appeal for missing Omagh mancenter_img Pinterest Facebook Twitter Previous articleCarthy concerned at long term impact of Russian ban on EU agri-foodNext articleFour drugs arrests made in Derry in past 24 hours News Highland News, Sport and Obituaries on Wednesday May 26th Pinterest 448 new cases of Covid 19 reported today By News Highland – September 17, 2014 WhatsApp Nine Til Noon Show – Listen back to Wednesday’s Programmelast_img read more

27 May

West Tyrone MP says Ballykelly was viable option for 800 civil service jobs

first_imgNews A West Tyrone MP has said that Ballykelly was the viable option for 800 civil service jobs.It was announced in September this year that the Department of Agrilculture in the North would be moving from Belfast to Ballykelly.The new offices are to be based at the site of the former Shackleton Army Barrakcs.Yet it was claimed yesterday by the Strabane Chronicle newspaper that a leaked document had revealed that Strabane actually topped a table of suitable locations for the jobs.The SDLP in Tyrone have fingered the blame for the 800 jobs bypassing Strabane on Sinn Fein, but West Tyrone MP Pat Doherty said the vacated Shackleton Army Barracks were the perfect location, especially on a tight budget….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/pdoc.mp3[/podcast] Calls for maternity restrictions to be lifted at LUH Google+ Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Google+ RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter By News Highland – October 12, 2012 center_img WhatsApp Previous articleCllr Murray slams household charge letters as total waste of moneyNext articleBishop Boyce welcomes HSE audit of child protection protocols News Highland Pinterest West Tyrone MP says Ballykelly was viable option for 800 civil service jobs Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

27 May

Environment Minister says Irish Water workers receiving appalling treatment

first_img WhatsApp Twitter Homepage BannerNews By News Highland – February 18, 2015 HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Previous articleElderly woman being forced to make round trip to Galway for cancer treatmentNext articleSheerin to play Croke Park in the summer News Highland The Environment Minister says the abuse suffered by water meter installers is unacceptable.Alan Kelly says he’s heard of one individual who was bitten by a water charges protester.The Minister is adamant that the water metering programme is proceeding as planned.And he says workers have been treated appallingly by some protesters:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/02/kelly8am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Dail to vote later on extending emergency Covid powers Facebook Twitter WhatsAppcenter_img Pinterest Google+ Environment Minister says Irish Water workers receiving appalling treatment Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ Dail hears questions over design, funding and operation of Mica redress scheme Facebook RELATED ARTICLESMORE FROM AUTHOR Pinterest Watch: The Nine Til Noon Show LIVE last_img read more

27 May

Man with Letterkenny address denies child abduction in Derry

first_imgNews Pinterest WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest Man with Letterkenny address denies child abduction in Derry Twitter By News Highland – March 26, 2010 Google+ Facebook Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released center_img Facebook WhatsApp A Nigerian with an address in Letterkenny has pleaded not guilty to child abduction charges when he appeared at Derry Crown Court today.Victor Ibeyo of Riverview in Letterkenny was charged with unlawfully abducting a15-year-old female on a date unknown between May 14 and May 17 last year.When the charge was put to him he said ‘I am not guilty.’ He also denied a charge of false imprisonment on the same female, sexually assaulting her and assaulting her during the same period.The court was told that reports had to be gathered from an engineer on the vehicle involved in the case and also phone records had to be considered.A date was set for June 21 for the trial to take place and Ibeyo was remanded in custody. Previous articleCWC welcomes changes in department structureNext articleNew Letterkenny Cancer drop in centre officially opened News Highland RELATED ARTICLESMORE FROM AUTHOR Google+ PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal HSE warns of ‘widespread cancellations’ of appointments next week Dail to vote later on extending emergency Covid powers 365 additional cases of Covid-19 in Republiclast_img read more

27 May

Local Ulster Bank branches opening today and tomorrow

first_img Gardai continue to investigate Kilmacrennan fire WhatsApp By News Highland – June 23, 2012 Twitter Newsx Adverts Local Ulster Bank branches opening today and tomorrow Man arrested on suspicion of drugs and criminal property offences in Derry Twitter RELATED ARTICLESMORE FROM AUTHOR A number of Ulster Bank branches in the North West are opening today and tomorrow in an effort to help customers affected by a technical problem at the company.It’s prevented the automatic payment of salary and social welfare cheques to more than 100-thousand people in recent days.The Ulster Bank branch in Letterkenny will remain open until 3 o’clock this afternoon, and from 10am to 1pm tomorrow, to facilitate customers affected by the bank’s technical problems this week.A spokesperson says the backlog in sorting out payments will be fully cleared by Monday morning.In the North, the branches in Omagh, Strabane and Coleraine are open today, as are the Culmore and Millenium Forum branches in Derry. Tomorrow, branches will open in Omagh, Coleraine and the Waterside in Derry. Facebook WhatsAppcenter_img Google+ Pinterest Previous articleWoman released in Seamus Doherty murder investigationNext articleUS Embassy officials to provide registration services in Donegal next month News Highland 75 positive cases of Covid confirmed in North Facebook 365 additional cases of Covid-19 in Republic Main Evening News, Sport and Obituaries Tuesday May 25th Further drop in people receiving PUP in Donegal Google+ Pinterestlast_img read more