Friday, 10 July, 2020

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Author: RealEstateNews


Linda Orlans Orlans PC announced that Founder & Executive Chair Linda Orlans was named an award winner of the inaugural #NEXTPowerhouseAward, honoring the most influential women in the mortgage industry. Julie Moran, Senior Executive Counsel, was also the recipient of a #NEXTPowerhouseAward. The winners are celebrated for being technologically innovative, sharing new ideas, and pushing the limits to keep their Read more…


The Federal Housing Finance Agency (FHFA) announced that the GSEs—Fannie Mae and Freddie Mac—will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020. Extended flexibilities include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of Read more…


Thirty-two percent of Americans did not make a full, on-time housing payment is July, according to Apartment List. This is up slightly from 30% in June. The report added that missed payments are concentrated among renters, young and low-income households, and residents of dense urban areas. During the first week of July, 19% of Americans had made no housing payment, Read more…


With Black and Hispanic households feeling disproportionate impacts of the COVID-19 pandemic, housing experts from Harvard’s Joint Center for Housing Studies (JCHS) are calling for two interventions to prevent these most vulnerable households from losing their homes. “Black and Hispanic households have been much more likely not only to contract COVID-19 but also to suffer from lost income and face Read more…


The Mortgage Bankers Association (MBA), American Land and Title Association (ALTA), and the National Association of Realtors (NAR) collaborated to craft a draft model emergency notarization order. A release from ALTA stated that the model is designed to create “uniformity” and provide legal certainty for use of remote notarizations in states promoting social distancing measures. Paul Anselmo, CEO, Evolve Mortgage Read more…


About half of COVID-19-related forbearance plans expired last month, and one-fourth are set to expire this month, leaving mortgage loan servicers with the task of reviewing more than a couple of million loans for forbearance extensions or payment eligibility. With 4.1 million homeowners past due on their mortgage loans, the national delinquency rate is now 7.76%, according to the latest Read more…


in Daily Dose, Featured, News 13 mins ago 5 Views The latest episode of DS5: Inside the Industry features an interview with Rob Dietz, Chief Economist, the National Association of Homebuilders. Dietz will discuss how the residential construction industry has been impacted by the pandemic and what the outlook for housing looks like moving forward. Read more…


Minority and low-income households are more likely to have lost income due to the COVID-19 pandemic, as are households without a college education, according to Census data analyzed by Harvard’s Joint Center for Housing Studies (JCHS). In total 44% of households had lost employment as of the end of May. At the time, 7% of homeowners and 15% of renters Read more…


This story originally appeared in the July edition of DS News.    Jesse Roth joined Auction.com in 2012 as the SVP of Business Development and Client Management, where he oversees the business development and strategic initiatives of Auction.com’s national real estate disposition business. Roth’s leadership has helped build Auction.com into the nation’s leading real estate marketplace, with more than 200,000 Read more…


Wendy Lee McCalla Raymer Leibert Pierce, LLC (MRLP) is continuing to expand its industry footprint, launching new offices in Washington, Oregon, and Texas. Wendy Lee, the newest addition to the firm’s management team, will assume the role of Managing Partner of Oregon and Washington Foreclosure and Litigation Practice. Lee brings over 17 years’ experience and default servicing knowledge to the Read more…


This story originally appeared in the July edition of DS News. Stanley Middleman is the CEO of Freedom Mortgage Corporation and founded the company in 1990. Following the Great Recession, he was able to transform his company into a market leader in VA mortgages and government insured lending. Employing more than 4,000 people in all 50 states, in 2019 Stanley Read more…


Hubzu, an online real estate marketing platform, today announced it now offers customers some of the broadest coverage in the country for foreclosure auction services. It recently began conducting full-service online foreclosure auction sales in Ohio, making it one of the first in the industry to do so. With that expansion, Hubzu now provides marketing for foreclosure auctions nationwide and Read more…


Today, more than 30% of the income of over 3 million renters there go toward rent, while 1.7 million more pay more than 50%, according to a report from the Terner Center at the University of California at Berkley. Consequently, African-Americans, particularly, are being priced out of neighborhoods, cities and, in many instances, the state altogether. On top of that, Read more…


The National Association of Home Builder’s (NAHB) latest Eye on Housing report highlighted recent findings from the Bureau of Economic Analysis (BEA), and that personal income in May fell 4.2% to $19.8 billion. This comes after personal income rose 10.8% a month prior in April. These findings were centered around the subject of how the pandemic has affected personal income Read more…


Industry leaders discussed the impact COVID-19 could have on federal regulations, foreclosure moratoriums, REO, tech, and more during DS News’ latest webinar, “The Regulatory Ripple Effects.” The webinar, sponsored by Altisource, featured Travis Britsch, VP of Auctions, Hubzu; Trevor Hall, Director of Foreclosure Auction Services, Hubzu; Candace Russell, VP of Post Sale Activities in Default Servicing, Carrington Mortgage Services; and Read more…