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» lion, down 27 percent from June 2012 when the balance stood at $450 billion. Loans originated in 2010 or later represent about 7 percent of the balance for seriously delinquent mortgages. When only considering first mortgages in foreclosure, the balance dropped to $105 billion in June, which is also a five-year low and 38 percent lower than a year earlier. At the same time, the balance for loans that completed the foreclosure process and became bank-owned diminished as well, falling by more than 19 percent to $13.5 billion— the lowest level for June since 2007, according to Atlanta-based Equifax. "The implications of this trend are that more homeowners will be able to sell their homes without the hassles of negotiating a short sale or move to take a new job without worrying how they can afford to pay for two homes," said Amy Crews Cutts, Equifax chief economist. "The healing in the housing market is really gaining momentum and will fuel a stronger pace of economic recovery." Hawaii rank: 4 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.1% Unemployment Rate 5.7% 4.6% year ago Building a name in the REO industry over the past 27 years, Marc Oppenheimer and team have become synonymous as one of the most successful REO/Short Sale teams in the metro ATLANTA area. Marc's team is now working with hedge funds. Marc, who is a proven market leader, utilizes his local real estate knowledge, experience and education for the benefit of all he serves. His community leadership creates strong relationships for his clients. Working with Marc directly will put you on top of your business. In a changing housing market and today's technology, Marc can put you in front of the competition and the world. ATLANTAREO.COM is ranked #1 on Rely on a name and a team you can trust! 2.6% 6.4% 6.0% year-over-year change -17.5% -10.8% -23.3% Top County Hawaii CounTy 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.5% 10.4% year ago 3.3% 11.5% year-over-year change -24.8% -9.5% Top Core-Based Statistical area Hilo, Hi 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.5% 10.4% year ago 3.3% 11.5% year-over-year change Equifax Announces Enhancements to 'Point in Time' Tool Equifax has enhanced its retro income verification service, Point in Time, and integrated it into the company's Spectrum Verification Services Platform, the Georgiabased company announced. The enhancements are designed to provide lenders and servicers a comprehensive tool to reduce repurchase requests by delivering the most current and accurate loan-level verification of a borrower's employment and income at the time of loan origination. With the update, Point in Time allows lenders and servicers to place multiple employers with one order, search and manage orders by loan number, monitor and view other orders in progress, and order results in a batch format, among other things. "As lenders and servicers aim to clear portfolios of nonperforming loans, the ability to pinpoint the specific documentation needed to validate a loan is extremely critical to achieving success," said Anir Pradhan, senior marketing officer of Equifax Workforce Solutions. "Enhanced and now fully integrated with our Spectrum platform, lenders and servicers have the tools to retroactively analyze loan-level data to ensure the appropriate handling of repurchase requests and reduce losses from unnecessary buybacks." VISIT US ONLINE @ DSNEWS.COM -24.8% -9.5% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS PEMCO to Launch New Site Marc Oppenheimer Associate Broker, CDPE / BPOR 1854 Independence Square Suite D Dunwoody, GA 30338 Phone: (770) 668-0063 Cell: (678) 296-6550 oppy@atlantareo.com ODI PEMCO, an asset management company headquartered in Honolulu, Hawaii, unveiled its new website August 13. The launch of PEMCO-limited.com represents the final stage of the company's nine-month rebranding campaign. Currently, HUD-PEMCO.com is used as an in-depth resource for information on HUD properties. To better capture what PEMCO has to offer, the new site provides information on services related to property management, property preservation, rental management, and facilities maintenance. KNOW THIS Only 35 single-family homes were "flipped"—purchased and subsequently sold again within six months—in Hawaii during the first half of this year, RealtyTrac reports. 119