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Home | Author Archives: Rachel Williams

Industry Group Appoints REO Leadership

The Federation of REO Certified Experts—or FORCE, for short—has appointed new leaders to its Advisory Council. Among those named were Hugh Morrow of RE/MAX Preferred in Birmingham, Alabama; Tara Nagelhout of Emerald Valley Real Estate in Eugene, Oregon; Steve Pagano of Coldwell Banker in Huntington Station, New York; Terry Rasner-Yacenda of Reno Tahoe Realty Group in Reno, Nevada; and Dick Thackston of R.H. Thackston & Company in Winchester, New Hampshire. Nancy Braun of Showcase Realty was named Chairperson.

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Mortgage Default Risk is on the Rise

On Thursday, VantageScore Solutions, LLC and TransUnion released the VantageScore Default Risk Index (DRI) for Q4 2016. According to the DRI, when it comes to default risk, mortgages pose a lower threat than auto loans, student loans, and bankcards with the DRI for these four categories came in at 85.4 (mortgage) , 89.3 (auto), 90.0 (student loans), and 96.8 (bankcards) respectively. Despite the lower default risk compared to other debt categories, mortgage risk is up quarter-over-quarter.

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Hensarling Pushes Through Financial CHOICE Act

Despite a contentious hearing earlier this week, today, the House Financial Services Committee voted to advance H.R. 10, or the Financial CHOICE Act, to a full House vote. The CHOICE Act, which was proposed by Rep. Jeb Hensarling (R-Texas) as a replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act. Today's vote followed party lines, with the final vote coming down to 34 to 26.

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The Hunoval Law Firm to Join the BP Law Group Family

Plutos Sama, LLC has entered in to negotiations to acquire the Hunoval Law Firm, PLLC, which provides default legal services in North Carolina, South Carolina, and Virginia. According to a recent statement, when the acquisition is completed the Hunoval Law Firm will be merged into the BP Law Group family, under the name BP Hunoval Law Group.

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Virginia Law Firm Welcomes Associate

Rosenberg & Associates, LLC, has welcomed Sarah Tozer to its Vienna, Virginia office. Rosenberg & Associates provides foreclosure, title curative, bankruptcy, eviction, litigation, and REO services in Maryland and Washington, D.C., in addition to Virginia.

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Five Minutes With Michael Danlag

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DS News sat down with Michael Danlang, VP and Global Head of Service Delivery with Sutherland Mortgage Services, Inc., to discuss how technology will enhance practices within the mortgage servicing industry. Editor's note: this feature appeared in the February issue of DS News.

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