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Viewpoint: Short Sales Would Help the Entire Housing Market
AMERICAN BANKER - June 5, 2009. The administration’s May 14 initiative to facilitate short sales and deeds-in-lieu transactions encourages these attractive alternatives to foreclosure, and it follows efforts by Fannie Mae, Freddie Mac and a number of major banks to resolve default properties via short sales. Major servicers are expecting an eightfold increase in short sales by this summer.
Tech at the Forefront of Loss Mit
NATIONAL MORTGAGE NEWS - March 30, 2009. The current default scale and shortage of default management expertise is pushing for more efficient use of technology that will allow servicers to maximize loss mitigation.
Short Sales a Win-Win Solution?
NATIONAL MORTGAGE NEWS - March 31, 2009. Now the volume is up so servicers are using technology to streamline the short sale process starting with qualification, analysis, multiparty engagement that can include a real estate agent, seller, negotiator, and several lenders since there can be multiple liens.
