Sign up for DS News Daily Q: What are some of the hot topics and perhaps challenges that servicers are concerned with today?A lot of energy is being spent on the storms in Florida and Texas. We, as a vendor, are working with our clients to help them assess what the exposure is and making sure that their properties are getting secured. We have people out in the field updating information so that we can help the servicers and ultimately help the borrowers.Many discussions are about the direction that’s going to be given from the agencies on what the options are for loss mitigation and property preservation. Additionally, coming up with data that everyone could look at to work and assess what everyone’s exposure is for their investors. There are many good ideas—now it’s just getting those ideas and putting them into action.Q: Have there been concerns regarding innovation in the servicing space?Yes—budgets are tight in servicer’s operations these days. A lot of money and time has been spent on compliance and shoring up the operations, and the industry has done a very good job—from a compliance standpoint—of getting out the consent orders, ensuring that their operations are sound and in compliance. Concerning people working with tighter budgets—how can you still get things done? That means being more efficient, utilizing technology a little bit differently, and coming up with new innovative ideas to help move their business forward.Q: How do you feel about the possibility of microbubbles in Houston following the moratorium? There will be microbubbles, and there are going to be implications for all the markets, even when it comes to the real estate movement, as far as buying and selling real estate. But I think the major issues are going to be unemployment and the self-employed borrowers—the local businesses. It will impact the ability to pay, their ability to get to work if their cars were flooded and no longer working. Loss mitigation is going to be a big issue. Ultimately the borrower and the impact on the borrower is a big issue.Q: How does that break down further?So, the properties themselves—we know what happens when a property is exposed to mold and not properly treated. The value of that home obviously declines, which declines home values in the local market, which could cause a bubble. Then when it comes to new financing in these hard-hit areas, there will be more risk pricing, which could impact the ability to get loans in those local areas that have a propensity for flooding, propensity for storm damage. That could impact the market, as well. Print This Post in Daily Dose, Featured, Headlines, Loss Mitigation, News Altisource Microbubble Servicing 2017-09-25 Brianna Gilpin Servicers Navigate the Post-Pandemic World 2 days ago Subscribe About Author: Brianna Gilpin Altisource CRO Talks Microbubbles Tagged with: Altisource Microbubble Servicing The Best Markets For Residential Property Investors 2 days ago Previous: JPMorgan Chase: Assisting in 4 Economic Growth Areas Next: GSE Portfolio Shows Improvement Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Altisource CRO Talks Microbubbles Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago John Vella, CRO of Altisource speaks with Brianna Gilpin, Online Editor of DS News and MReportJohn Vella is a 30-year real estate industry veteran who has served in a number of C-level roles at companies throughout the real estate and mortgage industry during his career. Prior to joining Altisource, Vella was EVP of Special Servicing for GMAC/Rescap. Previously, he held roles as President and CEO of EMC Mortgage Corporation (a subsidiary of JPMorgan Chase); CEO of Household Automotive; Chief Sales Officer of Option One Mortgage and Director at Freddie Mac and the FDIC.Vella spoke with DS News at the 2017 Five Star Conference and Expo on the challenges servicers are experiencing in the market as well as the possibility of regional microbubbles following the recent hurricanes in Texas and Florida. Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago September 25, 2017 2,012 Views Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago
Only one week away, the exciting Paradise Music & Arts Festival is set to take place from April 28th through May 1st! Nestled at the beautiful Wisteria Campgrounds in Pomeroy, OH, this festival promises to bring some of the best groups from the jam scene for three full nights of music (and one extra day of camping fun).The festival promises headlining performances from Papadosio (2 sets), BoomBox (2 Nights), The Floozies, and Manic Focus Live Band! The full lineup also includes excellent groups like Pink Talking Fish (x3), Ekoostik Hookah (x2), Turbo Suit (x2), Aqueous (x2), Marvel Years, Oh Kee Pa, Peridoni (x2), Vibe Street (x2), Greener Grounds and more!With such a beautiful location and solid lineup, there’s really no excuse not to attend! Tickets and more information can be found here.
STEPHEN Curry underwent surgery on his broken hand in Los Angeles on Friday, the Golden State Warriors announced.The two-time NBA MVP was hurt during his team’s game against the Phoenix Suns on Wednesday, as he suffered a bad fall while going for a layup during the third quarter.Golden State plan to provide a further update on Curry, whose hand became caught under Suns big man Aron Baynes, in three months – meaning he is unlikely to play again until February 2020.The 31-year-old – a six-time All-Star – averaged 20.3 points and 6.5 assists in four games at the start of the new season.His absence is a further blow to the Warriors, who lost Kevin Durant during the offseason and are also without long-term absentee Klay Thompson. (Sportsmax)