DS News - Digital Archives

The pinnacle in Southern California REO service since 1994. Rick Stern Valleys, and ares of West Los Angeles Fernando Valley, Conejo, Simi and Santa Clarita Serving Los Angeles and Ventura counties; San » Over 100 million dollars in REO'S managed and Sold since 2008 » Experienced and dependable vendors to complete the presale process in a timely fashion » Knowledgeable and Licensed staff experienced to navigate through all REO systems » Hands on and available at all times » One of Southern California's top REO teams Service at its peak! Rick Stern Licensed Broker SRAR, CLAW, VCMLS, NAR Pinnacle Estate Properties Inc. 17327 Ventura Blvd. #100 Encino, CA 91316 Cell: 818.970.3086 Offi ce: 818.933.3101 Fax: 818.302.3101 "the next Phoenix," referring to the hard- hit Arizona metro that has seen dramatic improvement this year. "Two previously hard-hit metro areas that stand out are Orange County (Santa Ana) and Sacramento, California," said Tom O'Grady, CEO of Pro Teck. "Sacramento is particularly interesting because like in Phoenix, home prices overshot on the downside after the market peak in 2006. All nine of Sacramento's market-based indicators are exhibiting positive changes from a year ago." O'Grady pointed to the number of active listings in Sacramento, down 39.21 percent; the metro's months of remaining housing inventory, down to 3.65 months; and its foreclosure sales, down 52.79 percent. MCT Trading Named One of San Diego's Best Workplaces Business Journal's 2012 list of the "Best Places to Work in San Diego." The local paper's evaluation included an examination of work- place policies, systems, and demographics, and an employee survey designed to measure the overall employee experience. According to Curtis Richins, MCT MCT Trading, Inc. made the San Diego president, the company recruits only the best and strives to create a corporate culture that places employees first. MCT Trading is a risk management and advisory services com- pany. The company has also been named on Inc. magazine's list of the 5,000 fastest- growing private companies. Quandis Launches SCRA Plug-In for Law Firms Ranch, California, announced the release of a new plug-in tool to assist default servicing law firms with adhering to the Servicemem- bers Civil Relief Act (SCRA). SCRA suspends certain civil obliga- Quandis, Inc., headquartered in Foothill Erealty@aol.com | RickStern.com data fields on their end, yet they have a burning need to ensure they comply with the SCRA," said Scott Stoddard, CEO of Quandis. "This plug-in enables them to im- mediately take advantage of our service with zero IT resources." CoreLogic Releases RiskModelDIRECT for Investors CoreLogic announced the release of RiskModelDIRECT as a cost-effective way for investors and both large and small banks to access the company's RiskModel solution. RiskModel projects mortgage prepayments, defaults, losses, severity, and delinquency risk for non-agency residential mortgage- backed securities (RMBS). Through RiskModelDIRECT, users Santa Ana, California-based can choose a set of securities on an a la carte basis or subscribe to the entire market of non-agency mortgage- and asset-backed securities. RiskModelDIRECT produces its RMBS portfolio risk projections based on CoreLogic data covering more than 97 percent of the non-agency RMBS market. It incorporates CoreLogic's home price forecasts and delivers collateral reports and scenario-based projections based on 20 macro-economic scenarios. The subscription-based service may also be applied as banks strive to meet new regulations that require continuous monitoring of securities valuations. Loan Mod Scam Artists Ordered to Pay $4M tions (such as credit card debt or mortgage payments) to enable service members to devote their full attention to duty. Quandis' plug-in was designed to work with law firms' internal legal applications when they don't have the IT resources to configure Quandis' full military search platform. "Not all law firms currently have the IT staff and time needed to configure the 106 loan modification scam were ordered in late July to pay more than $4 million in penal- ties and restitution, including $2 million to consumers who were falsely promised loan modifications. Statewide Financial Group, Inc., Defendants who operated a national which also functioned as US Homeowners Assistance and Webeatallrates.com, collected more than $2 million from some 1,000 customers for loan modification services, according to California Attorney General Kamala D. Harris. The company, based in Orange County, started operating in January 2008 and was shut down by the attorney general's office in July 2009.

• Cover