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SB 30 was linked by the committee to another bill that Realtors, as well as the county recorders, assessors and the title industry, oppose. Image: ThinkStock

California Short Sale Tax Break Bill Approved, But At What Cost?

When the California Senate Appropriations Committee approved Senate Bill 30, which would extend existing provisions of state law protecting homeowners from having to pay income tax on a short sale, this was supposed to be positive news for Realtors and homeowners.
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Regulation
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Potential Transaction Still Driving FNF, LPS Stocks Higher

Once again, Fidelity National Financial had the biggest gain among Mortgage Industry Equity Composite stocks.

Property Preservation Provider Hires Veteran Consultant

Asset Management Specialists has retained Distressed Asset Logistics as a consultant to broaden their business.

Default Law Firm Opens Tennessee Office

Mackie Wolf Zientz & Mann, a default legal services provider to the mortgage banking and financial services industries, is expanding its business operations into Tennessee.

Investing in the Distressed Property Market

An attorney sheds light on distressed property market investment conditions today.

Lender Forecasts Positive Future for U.S. Housing

Lima One Capital is optimistic that the housing market will continue to rebound this year.

Carrington Real Estate Services Launches Online Resource Center

Lloyds Said to Plan $8.7B Sale of U.S. Mortgage Bonds

Possible Fidelity-LPS Deal Boosts Mortgage Stocks

Fidelity National’s Reported Bid for LPS Reflects Quest for Growth

Defaulted Manhattan Complex Rewarding Patient Money

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From Our Blogs

Quandis' valuation system offers a centralized database that allows BAM to track every aspect of the vendor’s profile, including the contact information, coverage area, fee schedules, W-9, license, insurance, and overall ranking. Image: ThinkStock

Technology System Helps Asset Management Company Complete Efficient BPOs

Quandis’ valuation system is completely Web-based and enables asset management outsourcers to manage the placement, receipt, distribution, processing and automatic delivery of broker price opinion orders in one automated platform.
REO
Technology

The abrupt slowdown came in response to the OCC's April release of minimum standards for foreclosure sales. Image: Fotolia.
Wells, Citi Halt Most Foreclosure Sales Amid OCC Review
Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.

Because investors are rehabbing distressed properties they buy, this is more good news for the industry because it is unlikely that homeowner buyers would have had the ability to do the same. Image: ThinkStock
Distressed Property Investors Drive Housing Market Optimism
When the authors of the Home Value Forecast predicted a year ago that the U.S. real estate market was going to turn in a positive direction, they just did not think it would happen this quickly.

The majority of building permits (64%) in the first quarter were for single-family homes, while 33% of the total permits accounted for multifamily properties with at least five housing units. Image: ThinkStock
HUD: Single-Family Building Permits Up 27% in 1Q13
Through the first quarter, foreclosure starts fell 27% year-over-year while single-family building permits were up by 27%, according to data obtained by RealtyTrac from the Department of Housing and Urban Development.

According to the FBI, more than 20% of all mortgage fraud cases involve distressed homeowner fraud. Just two years ago, that number was less than 4%. Image: Fotolia
Detecting Mortgage Fraud Issues Before It’s Too Late
Mortgage fraud is a problem that servicers and lenders have dealt with for a long time and it does not seem to be going away anytime soon

Technology provider ISGN recently launched two new products that helps make sure servicers and lenders are following industry guidelines. Image: Fotolia
Products Help Servicers Maintain Regulatory Compliance
As servicers try to comply with all of the new industry regulations being issued today, ISGN is doing their part in helping companies maintain compliance to these regulatory requirements.

Some of the hardest hit markets in California, Nevada, Arizona and Florida are experiencing the quickest turnaround in terms of home price growth. Image: ThinkStock
Home Prices Growing as Foreclosures Decreasing
A decline in foreclosures is correlating to rising home prices in many counties throughout the country.

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Some They Get Right

Principal Forgiveness Can Help, But Widespread Use Could Hurt

A Disconnect On Qualified Mortgage Rule

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Fidelity National’s Reported Bid for LPS Reflects Quest for Growth

New Disclosure Regs Open Door to Improve Closing Process

Fannie Mae Swings Big Stick

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Adapting Process Serving to the Changing Times

Measuring Appraisal Value Alongside Property Value

Appraisals, Technology as Important as Credit Scores

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First Time Homebuyer Programs That Perform

Options for New Wave of Foreign-Born Homebuyers

Compliance Automation Strategy Still Can Help Differentiate Volumes

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