RealtyTrac, an online marketplace for foreclosure properties, has announced a redesign of Yahoo! Real Estate Foreclosure Center that integrates three key functions: foreclosure searches, trend analysis, and education about buying properties in foreclosure.In the current slowing real estate environment, potential buyers can realize substantial discounts on homes that are in foreclosure while helping out homeowners in default and cutting costs for foreclosing lenders, RealtyTrac said. The redesign "incorporates some of the most advanced tools and analytical features from RealtyTrac, and is a major leap forward in providing millions of consumers who access Yahoo! Real Estate with data on foreclosures," said James J. Saccacio, chief executive officer of RealtyTrac. The company can be found online at http://www.realtytrac.com, and the Yahoo foreclosure center can be found at http://realestate.yahoo.com/foreclosures.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
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Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
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Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.
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Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
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NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.
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Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
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