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» VISIT US ONLINE @ DSNEWS.COM Equator. The CENTER of DEFAULT SERVICING. Enter a world where technology does more than just efficiently manage distressed assets. Here, it empowers servicers to thrive. Equator's robust platform uses flexible modules to automate your operations and seamlessly connect all parties involved, including servicers, investors, mortgage insurers, real estate agents, brokers, vendors, and homeowners. The result? Faster loan resolutions, lower labor costs, reduced loss severity and compliant processes. Gain unmatched transparency, control, scalability and compliance across all your default servicing functions, from borrower outreach and loss mitigation through asset management and disposition. All Equator workstations operate from one web-based platform. Where it all comes together. Call today 310.469.9500 or visit www.equator.com Find out why the nation's servicers count on Equator. Case-Shiller Index Shows Record Quarterly Gain By Mark Lieberman, Economist for the Five Star Institute Home prices rose 6.9 percent in the second quarter, the strongest quarter-quarter gain since the index began in 1987, according to the Case-Shiller National Home Price Index compiled by Standard & Poor's (S&P). Separately, the monthly 10- and 20-city indices rose 2.2 percent and 2.3 percent, respectively, in June. The 10- and 20-city indices were up 0.1 percent and 0.5 percent in the last year, respectively. The increases mark the first year-over-year gains since September (20-city) and October (10-city) 2010. The 10-city index rose to its highest level to grow 1.4 percent in June and be flat year- over-year. Prices improved from May to June in all Realtors, the median price of a single-family home rose 4.7 percent in June while the government report from the Census Bureau and HUD showed the median price of a new home fell 3.4 percent in the same month. The price increase in Detroit came in a According to the National Association of month in which the unemployment rate in the city jumped to 18.3 percent, from 17.6 percent in May. Although employment increased 2,767 to 279,232, unemployment shot up 3,165 to 62,398. Prices rose yearly in 13 of the 20 cities, led since September 2011 and the 20-city index to its highest level since August 2011. Economists had expected the 20-city index 20 cities tracked by Case Shiller, led by a 6.0 percent jump in Detroit, a 4.8 percent increase in Minneapolis, a 4.6 percent improvement in Chicago, and a 4.4 percent gain in Atlanta. by Phoenix (13.9 percent), Minneapolis (5.7 percent), Miami (34.4 percent), and Denver (4.0 percent). The steepest year-over-year price drop Loan Segmentation Loan Modification Foreclosure Short Sales Deed in Lieu Real Estate Segmentation Real Estate Owned Invoice Management ® STAT INSIGHT 52,380 Homes foreclosed in August and sold at foreclosure auction to was in Atlanta (12.1 percent) followed by New York (2.1 percent), Las Vegas (1.8 percent), and Chicago (1.7 percent). The price index for three cities—Denver, third parties or repossessed by the bank. Source: RealtyTrac Phoenix, and Washington D..C—rose to their highest levels since 2008. 25