That Little Question of Forbearance Inspections…

Although the magnitude of a catastrophic event like the COVID-19 pandemic can be viewed as a “never-before” phenomenon to help draw predictions into tighter focus, the experience during the 2008-2011 housing crisis should have industry leaders more homed in on trends. For example, forbearance was the least utilized type of customer option before the pandemic and now it dominates loan modification. How do we get eyes on these assets now and help ourselves respond appropriately?

The Week Ahead: Eviction Moratoria Explained

This week, Safeguard Properties, which manages mortgage field services on vacant, defaulted, and foreclosed properties, hosts a webinar entitled, "Evictions: Maneuvering Through the Moratoriums," during which a panel of experts will detail and discuss the nuances of the latest federal, lending, and servicing rules related to the COVID-19 pandemic. Specifically, the pundits will explain what [...]

No Surprise Here: Compass Files for IPO

One of the worst-kept secrets in the real estate world was publicly confirmed this week as the residential brokerage Compass submitted a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for a potential initial public offering (IPO). Founded in 2012 by CEO Robert Reffkin and Executive Chairman Ori Allon, the New York City-headquartered Compass [...]

Agents Embrace Effort to Expand Private Flood Insurance

A life preserver of sorts will be available to homeowners submerged in the troubling waters of flooding, according to the National Association of Realtors— that is thanks to action the Federal Housing Administration (FHA) announced last week, related to the extended availability of additional private flood insurance options to U.S. consumers. The FHA proposal would pave the [...]

Zombie Property Totals Down in Q4

Property data provider ATTOM Data Solutions Thursday reported that about 1.6 million residential properties, or 1.6% of all U.S. homes, are vacant. That is according to the Q4 2020 Vacant Property and Zombie Foreclosure Report, which offers a snapshot of the market in the fourth quarter. The report analyzes foreclosure status, equity, and owner-occupancy status matched against [...]