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This is a recent email from Bank of America regarding short sale offers and the equator system.Bank of America continues to improve the short sale process so agents can help homeowners avoid…Continue
I received this email today. Just passing it on.
"Morgan Stanley has annouced the sale of Saxon Mortgage Services to Ocwen Fiinancial Corporation. Ocwenn has agreed to acquire Saxon for the base purchase price of $59.3 million. The deal also includes an estimated $1.4 billion for servicing advance receivables outstanding.
The transaction is expected to close in the first quarter of 2012. According to Reuters,…
I received the following email today. I invite your comments.
"We are excited to announce a change to the home buying process for all properties sold through the GoHoming™ and Altisource Homes™ marketplace platforms.
This new approach will result in faster turnaround times and a more effective way of facilitating the documentation process for you and your buyer clients.
Going forward, we will write the contract for you! When the terms of your bid or…
The Federal Deposit Insurance Corporation (FDIC) Chairman, Sheila Blair, has raised a proposal regarding “cash for keys” (CFK’s). The proposal is encouraging the five largest U.S. mortgage servicers to consider a CFK’s option for 90-day plus delinquent borrowers that would pay them as much as $21,000 to move out! According to The Financial Times, the proposal was not well received .
In the beginning of March 2011, the proposal was given to the servicers with the…Continue