RealtyTrac, an online foreclosure marketplace, and Reliance Network LLC, a developer of Web-based real estate applications, have announced a strategic partnership that will allow Reliance Network's clients to have real-time access to RealtyTrac's nationwide foreclosure database. Several clients of the Holland, Pa.-based Reliance Network will start receiving the data immediately, the companies said. "This new search application will pull real-time data directly from RealtyTrac's nationwide foreclosure database, providing users of Reliance Network-powered websites with a method to access distressed properties, including properties in pre-foreclosure, auction or bank-owned properties," said Rick Sharga, vice president of marketing at the Irvine, Calif.-based RealtyTrac. "That in turn will help drive more traffic and leads to the agent websites." The companies can be found online at http://www.realtytrac.com and http://www.reliancenetwork.com.
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The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.
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Also, South River Mortgage appointed Tyler Plack as its next CEO, while First American Home Warranty welcomed Jason Gritters as its chief revenue officer.
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A continuing resolution to fund the government through mid-December would prevent the White House from blocking grants — including some in the banking sector — to states and municipalities that voted against President Donald Trump.
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Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
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Besides the opportunities in build-to-rent housing for mortgage originators, credit profile of single-family rental loans should improve, Morningstar DBRS said.
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