MBA NEWSLINK - August 23rd, 2010
By Charles Wisniowski
In a decidedly mixed blessing, technology venders in the default management service sector anticipate their business to continue to boom in the wake of higher mortgage default rates and a real estate market that continues to struggle to right itself amid an anemic economic recovery. Read More — >
XCONOMY via SEATTLE POST-INTELLIGENCER - August 11th, 2010
By Thea Chard
Bellevue, WA-based DepotPoint, a provider of a Web-based tracking platform for the real-estate foreclosure market, has raised $2 million in equity out of a $4.5 million offering, according to a regulatory filing. Read More — >
MORTGAGE BANKING - August 2010
By Warren Lutz
If the focus last year was on loan modifications, in 2010 the focus is shifting to short sales, with a new federal program designed to provide relief to borrowers for whom loan modifications are impractical or impossible.
These challenges have created a new segment within the mortgage industry of companies aiming to help servicers deal with the extraordinary demand for short sales, as well as the hurdles to getting them approved. And the hurdles are significant. Read More — >
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“With Default and REO TrackPoint deployed, we aim to become best-in-class foreclosure and asset management outsourcers.”
- John Macias, Vice President with Ticor