The nonperforming loan auction market is a tricky wicket. Just when you thought activity was picking up, new reports emerge suggesting that even though some large portfolios are hitting the market that sellers are once again getting picky on pricing. (You would figure that beggars can't be choosey.) Any way, Wells Fargo has a new offering out there as does GMAC. (See the upcoming edition of
Borrowers hold a total of $17.9 trillion in home equity in the United States, equal to $310,000 per homeowner, according to Cotality.
Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
