DS News

August 2016 - A More Perfect Union

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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» VISIT US ONLINE @ DSNEWS.COM 13 Every field representative, call center agent, and anyone that would every handle your file or support your property is a direct employee of JMA Services ensuring the best possible service and highest level of compliance on each of our customer interactions. Delivering innovative outreach solutions nationwide by leveraging proven campaign workflows, and one of the most experience outreach teams in the industry. » Skip Trace / Verified Phone Number » Borrower Contact » Warm Transfer » Loss Mitigation Process Management » End-To-End Modification Campaigns » Mobile Notary Service » Call Center » Private Label Services » Field Visits » Specialty Door Knock Campaigns » Recovery Services JM ADJUSTMENT SERVICES, LLC 844.562.7378 | Info@JMAdjustment.com | JMAdjustment.com HOUSING MARKET HEATS UP ALONG WITH SUMMER In the middle of the summer when housing activity normally reaches its peak time, both home sales and prices are heading up, according to the July 2016 RE/MAX National Housing Report. Strong homebuyer demand resulted in a 9.4 percent increase in home sales from May to June as well as a 0.7 percent increase from June 2015 to June 2016, according to RE/ MAX. e median sales price of homes rose by 2.2 percent over-the-year in June up to $229,900. Inventory, however, remains a significant challenge. RE/MAX reported that the number of homes for sale in June 2016 was more than 15 percent lower than in June 2015. Inventory was especially a challenge in West Coast metros. e national months supply of inventory was 3.2 in June, which was a slight improvement from May's 3.0, according to RE/MAX. "Last year was the best we'd seen in a long time for home sales," said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. "So, it's encouraging that sales this year are remaining above last year's levels. Moderating prices are a good thing for this market. Homeowners are still seeing improvement in their equity, while there's less chance of homebuyers being priced out. We have to wait out the ongoing inventory challenges, but the month-over-month stabilization we're seeing is a very good sign." Out of the 53 markets surveyed, 31 reported higher home sales than a year ago in June. Home sales were the strongest in the Northeast, with the largest increase occurring in Augusta, Maine, at 22.7 percent. Other Northeast markets that saw double digit increases in home sales were New York, New York (13.1 percent); Trenton, New Jersey (11.1 percent), and Hartford, Connecticut (10.2 percent). Only four of the 53 markets surveyed reported a drop in median sales price from a year ago, with seven of the markets reporting double-digit increases. e largest median price increases occurred in Tampa (14.1 percent), Orlando (13.9 percent), Honolulu (13.1 percent), Portland (12.6 percent), and Denver (11.1 percent). The number of homeowners who foreclosed in 2007- 2010 that have met the seven-year period after which the Fair Credit Reporting Act requires derogatory information to be removed. Source: CoreLogic STAT INSIGHT 1.9 million

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