January marked the lowest rate of home appreciation since the spring of 2021, declining for the ninth straight month to 5.7%. Meanwhile, Orlando, Florida posted the country’s largest annual gain for the third consecutive month.
Read More »REO Professionals Set to Gather in Vegas
Five Star’s inaugural REO Connect event will serve as a hub for industry professionals committed to making the REO process profitable, efficient, and effective at eliminating blight from neighborhoods nationwide.
Read More »Foreclosure Filings up 18% YoY
According to ATTOM data, foreclosure filings continued to trend down slightly month-over-month but remained significantly elevated year-over-year. Click through to learn what the latest data forecasts for the months ahead.
Read More »Potentially Fraudulent Equitable Lien Foreclosures Continue to Plague Florida Courts
Florida courts have seen a rise in equitable lien foreclosures in what appears to be an attempt to defraud “unsophisticated and unsuspecting third-party purchasers at foreclosure sales.”
Read More »January Delinquencies Improve Across the Board
January performance data decreased by 10-basis points in the national delinquency rate over December.
Read More »National Mortgage Delinquency Rate Ends 2022 on the Rise
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to nearly 4% of all loans outstanding at the end of Q4 of 2022.
Read More »The Week Ahead: Servicers Advancing Tech Offerings
An upcoming Five Star-led webinar will discuss how to expedite a mortgage servicing technology project, from approval to execution, in a 90-day timeframe.
Read More »Texas Tornadoes Cause Nearly $4.6B in Property Damage
CoreLogic estimates that approximately 18,600 homes within a Houston-area tornado footprint suffered damage in a late January storm path.
Read More »Cenlar Appoints James Daras CEO and President
With more than 40 years of experience in risk management, banking, and corporate finance functions, and venture capital investing, James Daras is tapped to lead nationwide mortgage loan subservicer.
Read More »Fitch Report: New REO Inventory on the Rise
“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.
Read More »