National Quick Sale, a division of software innovator Infusion Technologies, has rolled out its Web-based platform designed to automate the process of real estate short sales, and shorten the transaction time from the several weeks currently required to a matter of days. National Quick Sale has been in a pilot with one of the nation's government sponsored enterprises and several of their mortgage servicers since earlier this year. A number of mortgage servicers are working with National Quick Sale to provide their loss mitigation departments with technology-based assistance for short sales, and have been impressed with the solution's capabilities. National Quick Sale's platform enables all parties to react quickly, improving the chances of completion before the potential buyer loses interest and the property is sold in foreclosure.
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The homebuilding giant reported two separate cyber incidents this year, with the most recent breach of its mortgage unit affecting more than 348,000 individuals.
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The move threatens IMBs and outside loan originators who rely on real estate agents for referrals, as the company aims to keep borrowers within its platform.
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Fed Chair Kevin Warsh's much anticipated speech at the Jackson Hole meeting reinforced past comments about reducing communications around forward guidance.
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The ex-CEO got a regulatory OK to officially rally shareholders for his plan, although he's still awaiting a federal judge's decision on a restraining order.
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The deal is backed by recently originated, 30-year fixed-rate mortgages with an average combined loan-to-value ratio of 75.1%, according to Morningstar DBRS.
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Academy Mortgage's deal will cover around 285,000 class members. It's the sixth deal this year by a mortgage firm seeking to squash consumer complaints.
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