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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

Launched in New York in 1995, Real Info developed a suite of proprietary automated valuation models (AVM) that derive predicted market values for residential properties, according to its website.

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Property services company MCS enters reverse mortgage space

Housing Wire

has been in business for more than 50 years and offers regulatory compliant default, rental and real estate-owned (REO) residential and commercial property preservation services. It also says that Five Brothers will be integrated into MCS to offer property preservation, maintenance and renovation services.

Mortgages 448
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Opinion: Brokers should consider a new model for post-Burnett world

Housing Wire

There has been quite a bit of discussion already about how this will impact the traditional residential purchase. But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold?

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Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

Quarter-over-quarter, the total number of mortgage residential properties with negative equity increased by 9.3% of all mortgage properties … Negative equity peaked at 26% of mortgaged residential properties in Q4 2009 based on CoreLogic equity data analysis. REO (Real Estate Owned) is the amount of real estate owned by lenders.

Equity 98
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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. In 2011, Fannie Mae repaired 89,800 such properties, and sold 244,000. As of 2020, Fannie Mae’s REO portfolio is 17,500.

Equity 397
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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

Residential zoning laws are designed to promote orderly development, control traffic flow, and ensure that noise and activity levels are appropriate to each specific neighborhood. It is fair to say that the current shortage of housing supply is at crisis levels, which is the primary reason home prices have soared in recent years.

Land 492