Thursday, 27 February, 2020

Subscribe to Coester News:

Enter your email address:

Delivered by FeedBurner

Tag: Brian Coester Legal


According to a new report, 1.52 million U.S. single-family homes and condos in the United States are vacant, representing 1.5% of all homes. The ATTOM Data Solutions Q1 2020 Vacant Property and Zombie Foreclosure Report, which analyzes publicly recorded real estate data collected by ATTOM Data Solution, reports that about 282,800 homes are in the process of foreclosure, with about Read more…


According to Peter Brown, the White House special representative for Puerto Rico’s disaster recovery, the pace of federally funded projects to help hurricane and earthquake victims has quickened. However, according to Yahoo News, Brown is worried about long term efforts. “The reputation seems to lag the reality. The reality is improving,” Brown said, adding that he will report to President Read more…


Experts predict that increases in foreclosure and REO inflow will come from government-insured loans, according to the Auction.com 2020 Default Servicing Industry Insights. The majority of servicers Auction.com surveyed expect foreclosure and REO inflow to increase in five of seven U.S. regions. According to the report, 89% said they expect government-insured foreclosure and REO inflow to increase in 2020, the Read more…


Democratic Presidential candidate Joe Biden released his plan for housing on Monday, stating he would invest $640 billion over 10 years, to allow Americans to have access to affordable housing.  According to a release, Biden plans to end redlining and other discriminatory and unfair practices in the housing market, provide financial assistance and down-payment assistance, increasing the supply and lowering Read more…


This week, the Federal Reserve Bank of Chicago will be releasing its national activity index an overview of economic growth. Housing and housing investment has played a major role in economic growth nationwide, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR). The Group’s January jobs report featured solid wage growth and better-than-consensus non-farm payroll Read more…


On May 6-7, The American Mortgage Diversity Council (AMDC) will host the 2020 Five Star Diversity Symposium. Featuring powerful presentations and collaborative roundtable discussions, the Five Star Diversity Symposium will serve as a platform for industry leaders to advance the diversity dialogue and promote truly inclusive business practices to the benefit of individuals, their organizations, and the industry. Join us Read more…


Catherine Di Lorenzo Catherine Di Lorenzo, Esq. has joined the Stern & Eisenberg team as Managing Attorney for the state of Delaware. Admitted to the Delaware Bar in 2010 and Pennsylvania Bar in 2004, Di Lorenzo comes to S&E with over 20 years of wide-ranging experience in Criminal Law, Litigation and all aspects of default servicing and litigation. “I am excited to Read more…


In about half of the nation’s designated Opportunity Zones, home prices are rising at a faster pace than the national average, according to an analysis of Opportunity Zones released Thursday by ATTOM Data Solutions.  Median home prices in 47% of Opportunity Zones studied rose at a faster pace than the 9.4% price gain for the nation overall between Q4 2018 Read more…


Democratic Presidential Candidate Pete Buttigieg has released his plan for housing, including plans to increase homeownership and affordable housing access through investment programs. Buttigieg’s plan, titled “Coming Home: An Agenda for Housing Justice in America,” calls for increased homeownership among low-income Americans, and attempts to combat discrimination in housing. The plan includes reinstating the Affirmatively Furthering Fair Housing Rule and Read more…


Single-family rents grew by an average of 3% in 2019, driven in part by the lowest unemployment rate in over 50 years, according to the CoreLogic Single-Family Rent Index (SFRI), a measure of rent changes among single-family rental homes, including condominiums. “Strong economic growth and the lowest unemployment rate in over 50 years helped push single-family rents up by an Read more…


SingleSource, a provider of title and settlement, valuation, real estate-owned (REO) asset management, property preservation, and document management services, is now offering a Deed in Lieu title product that provides full, state-driven searches at 20, 40 and 60 years. As a result of the ever-increasing pool of REO properties, SingleSource devised a thorough end-to-end Deed in Lieu process and has Read more…


LIBOR, the London Inter-Bank Offered Rate, is expected to discontinue sometime after 2021, but as the index used to set many adjustable mortgage rates, what will happen next? Jacqueline Doty, Executive, Product Management, Collateral Risk Solutions at CoreLogic, explained that the end of LIBOR will impact $1.2 trillion dollars in adjustable-rate mortgages. “It means that lenders with loans or lines Read more…


Editor’s note: This feature originally appeared in the February issue of DS News The bad news began with a phone call. It kicked off a chain of events that would consume the next several years of Mark Wittstadt’s life and bring about the collapse of the company he had helped build. Now, some five and a half years after that Read more…


The Federal Reserve will release its minutes from its January meeting on Wednesday, February 19.  The Federal Open Market Committee (FOMC) will keep the federal funds rate at 1.5 to 1.75%, according to a statement following the latest Committee meeting. The Committee cited a strong labor market and moderately rising economic activity. “Markets anticipated the Fed’s stance in the wake Read more…


The American Mortgage Diversity Council (AMDC) held a webinar Thursday in partnership with Fannie Mae to discuss its future housing leaders program.  The webinar was led by Marcus Cole, Director of the Future Housing Leaders Program, Office of Minority Women and Inclusion.  Cole said the program helps college students obtain paid internship or entry-level jobs with companies in the housing Read more…