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90 ary titled "Assisting Homeowners with Troubled Mortgages" identified the southern and southeastern sections of San Francisco as having been disproportionately affected by foreclosures. According to that report, there are ap- proximately 174,000 homes with a mortgage in San Francisco, and about 121,700 of those are owner-occupied. e report identified 3,002 of those owner-occupied mortgages as at risk of foreclosure, many of them in low- income neighborhoods. When Wall Street or hedge fund inves- tors buy these properties, the subsequent strategy is all about what will make them the most money, Schur said. Often they raise rent to a level where the renter cannot afford it, forcing them to leave. Sometimes after being purchased by an investor or speculator, properties sit vacant until the owner is ready to flip them. "We're offering an alternative to large and national banks and Wall Street speculators that are buying up these distressed properties in our neighborhoods," Schur said. "We're saying that there is an alternative. Let's get the properties into the hands of nonprofits and CDFIs whose mission is to help families and stabilize neighborhoods." Avalos said not only is the new resolu- tion intended to encourage banks and other lenders to sell distressed loans to nonprofits and CDFIs, but there is also an effort to encourage the Federal Housing Administra- tion under HUD to sell FHA-backed loans to nonprofits and CDFIs as opposed to investors. Still, Avalos said, more action is needed for this strategy to work as it is intended to— simply passing the resolution is not enough. He said the participating cities are combin- ing their efforts to put pressure on the banks to sell distressed loans to organizations that are concerned with keeping people in their homes and stabilizing neighborhoods rather than making profits. "It's going to allow for many households, especially working class, to be able to stay in their homes and have more stable futures economically," Avalos said. Jackson & Associates Merges into The Wolf Firm California-based mortgage banking law firm Robert J. Jackson & Associates, one of the largest REO and mortgage default firms in the country. has merged into e Wolf Firm, a Law Corporation, according to an announcement from e Wolf Firm. Scott J. Jackson, Esq., will be an EVP with e Wolf Firm and will be the chairman of the firm's National Eviction Group. at group will consist of the same experienced team members and patented Symphony technology utilized by Jackson & Associates. Prior to the merger, Jackson served as president and managing attorney of Jackson & Associates. "e combination of the firms is a natural fit that benefits its shared client base, who will now gain best-in-class national evic- tion management paired with best-in-class California litigation, judicial and non-judicial foreclosure, bankruptcy, eviction, closing, and regulatory compliance services," said Alan Wolf, president and managing attorney of e Wolf Firm. e Wolf Firm, A Law Corporation, is based in Irvine, California, and the firm has now added foreclosure eviction management to the legal and related services it has been offering throughout California for more than 25 years to lenders, servicers, investors, governmental agencies, and other members of the financial services community. Colorado RANK: 50 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 1.04% 0.47% 4.2 YEAR AGO 1.32% 0.63% 5.6 YEAR-OVER-YEAR CHANGE -21.3% -26.6% -1.4 Top County HUERFANO COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 1.49% 2.63% YEAR AGO 1.18% 1.75% YEAR-OVER-YEAR CHANGE 27.1% 50.7% Top Core-Based Statistical Area FORT MORGAN, CO 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 1.76% 1.43% YEAR AGO 1.96% 1.16% YEAR-OVER-YEAR CHANGE -10.4% 23.4% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Hawaii RANK: 3 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 1.98% 3.60% 4.1 YEAR AGO 2.13% 4.87% 4.7 YEAR-OVER-YEAR CHANGE -7.1% -26.1% -0.6 Top County HAWAII COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 2.48% 6.39% YEAR AGO 2.47% 8.65% YEAR-OVER-YEAR CHANGE 0.4% -26.1% Top Core-Based Statistical Area HILO, HI 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 2.48% 6.39% YEAR AGO 2.47% 8.65% YEAR-OVER-YEAR CHANGE 0.4% -26.1% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Idaho RANK: 32 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 1.12% 1.04% 3.9 YEAR AGO 1.44% 1.58% 5 YEAR-OVER-YEAR CHANGE -22.0% -33.8% -1.1 Top County JEROME COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 1.69% 2.89% YEAR AGO 2.87% 2.97% YEAR-OVER-YEAR CHANGE -41.2% -2.4% Top Core-Based Statistical Area ONTARIO, OR-ID 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 1.64% 1.93% YEAR AGO 2.20% 2.47% YEAR-OVER-YEAR CHANGE -25.7% -22.1% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.