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Home | Author Archives: Scott Morgan


11-13 DSN-story12

Property preservation companies have come under criticism in recent months. But is it warranted? This select print feature originally appeared in the November 2015 issue of DS News.

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LoanDepot Delays IPO at the 11th Hour


But on Thursday, the company announced that it will postpone the biggest IPO of the week, due to rough conditions in the market. Conditions, have, of course, been stormy on Wall Street to say the least. On Thursday, the Dow Jones Industrial Average dropped 254.15 points, or nearly 1.5 percent. Over the preceding week, it has dropped a total of 2.3 percent.

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S&P and Experian Data Shows Default Rates Hit New Lows in May


Recently released data from S&P Dow Jones Indices and Experian shows that default rates across the country and across the financial spectrum aren’t just on a steady decline, they hit new lows in May. According to the S&P/Experian Consumer Credit Default Indices, four of the five cities the companies studied through May reported declines in default rates for the second straight month.

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Distressed Sales Fall to Eight-Year Low


Pre-crisis, distressed sales usually hovered around 2 percent, the report stated. CoreLogic expects the numbers to return to this mark by mid-2017, a claim bolstered by the ongoing shift away from REO sales. REO sales made up 7.4 percent of total distressed sales in April, while short sales made up 3.7 percent.

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