RealtyBid.com, a leader in online real estate auction sales, is toting a newly updated and expanded Web site and a record-breaking 2006 sales record.
The site, which is mostly made up of bank-owned real estate listings, has implemented upgraded server technology to improve the site’s overall security and reliability.
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Ken Lewis, CEO of Bank of America, is downplaying rumors about a potential alliance between the banking giant and Countrywide Financial Corp.:http://www.countrywide.com, according to MarketWatch.
Earlier this week, reports of a possible merger classified the discussions between Bank of America and Countrywide Financial as unconfirmed and in the beginning stages.
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US Real Estate Services, Inc., named Connie Hoffman its western regional executive sales representative.
Hoffman, who brings a wide-range of experience in the default industry, will be responsible for business development and expansion of services that promote dynamic products for REO management and loss mitigation.
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A new program is bringing hope to thousands of Atlanta residents who are at risk of losing their homes to foreclosure.
When 2006 RealtyTrac statistics showed Georgia ranking second nationwide in foreclosures, the city of Atlanta quickly forged a partnership with several nonprofits and created HOPE— a comprehensive foreclosure prevention program that offers a 24-hour, toll-free hotline and face-to-face loss mitigation counseling with experts.
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Julie Ridding has been named coordinator of onsite training at USFN national nonprofit that provides comprehensive default services to the mortgage banking industry. Julie, who brings 20 years of default servicing experience to her new role, will be marketing and managing all onsite training events for USFN and its members.
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Fremont Investment and Loan, a subsidiary of Fremont General Corp., has ended its ties with 8,000 brokers after deeming the brokers partly responsible for a dramatic increase in early payment defaults in 2006.
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Signs of change in the subprime market continue with JPMorgan Chase & Co. rethinking its holdings strategy. During an investor presentation on Tuesday, Chief Executive Officer James Dimon announced that the company has sold off the majority of the loans it made last year to people with weak credit histories.
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Carlsbad, California-based BasePoint Analytics has announced the availability of FraudMark™ for Origination 2.0, which is the latest version of the company’s predictive analytic technology programs.
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A top republican on the U.S. House Financial Services Committee is opposing a reform measure that would require government-sponsored enterprises (GSEs) to create an affordable housing fund utilizing their after-tax profits.
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A new program sponsored by RealtyTrac and Real Estate Champions is helping agents maneuver through the unpredictable waters of the foreclosure market.
Dirk Zeller, CEO of Real Estate Champions, developed the Foreclosure Mastery™ program to provide agents with a comprehensive, step-by-step sales and marketing package, which allows agents to carve out a unique niche in the foreclosure market.
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The First American Corporation has launched a new company named MarketLinx® that meets the technological needs of residential real estate professionals. MarketLinx offers the benefits of First American subsidiaries First American MLS Solutions, Inc.
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Bank of America Countrywide Financial Corp. are discussing a possible alliance that would effectively create the largest mortgage lending group in the United States, according to an article published in Friday’s Financial Times.
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Orange County, California-based Mandalay Mortgage LLC has closed its non-prime wholesale loan business Mandalay Mortgage. The company released a statement on its Web site, saying they will no longer accept new loan applications, effective January 24.
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The state of Massachusetts is feeling the residual affects of a housing market slump with petitions to foreclose increasing almost 70 percent in 2006 over the prior year, according to The Warren Group, a Boston-based publisher specializing in the distribution of New England real estate data.
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Fidelity National Financial (FNF) announced this week its plans to expand its Cultural Competency Training Program throughout California to meet the demands of the growing populations of Hispanics, African Americans, and Asian Americans in the state.
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Atlanta-based Equity Depot, a real estate foreclosure data firm, today announced that it has completed the first phase of its expansion plan. Foreclosure coverage now reaches 45 additional counties, covering all regions in Georgia.
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This story is for the birds—literally.
It started with a phone call that led Mary Greenspan, broker at Greenspan Brokerage in Pahrump, Nevada, on her way to scope out a property. Upon her arrival, she was more than surprised to find a group of about 20 ostriches milling around in the backyard.
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According to DataQuick, a real estate information service, California reported record level notice of defaults (NODs) in the fourth quarter, the highest in eight years. During the October-to-December time frame, lending institutions sent 37,273 NODs, up 36.
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Lender Support Systems Inc. (LSSI), provider of loan servicing technology solutions, and Portellus Inc., provider of software solutions, announced today that they have formed a strategic alliance to provide a successful systems interface.
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California-based CoreLogic, a provider of residential mortgage risk management, today released its quarterly forecast and the impacts these risks could have on local market economies. The company released the report through its quarterly publication, Core Mortgage Risk Monitor.
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