DS News

DS News

Estimating Property Damage Caused by Hurricane Delta

Mere weeks after Hurricane Laura delivered the most intense storm to hit the northwestern Gulf Coast since 1856, Hurricane Delta ravaged a similar path, making landfall near Creole, Louisiana Friday as a mid-Cat 2 storm. CoreLogic, a provider of property data and analysis that has been tracking disaster-related losses throughout 2020 (via its 2020 CoreLogic … The post Estimating Property …

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Serious Delinquency is at Highest Rate Since 2014

The property information provider CoreLogic released its monthly Loan Performance Insights report for July 2020, which revealed that, on a national level, 6.6% of mortgages were in a stage of delinquency (30 days or more past due, which takes into account those in foreclosure). This represents a 2.8-percentage point increase in the overall delinquency rate … The post Serious Delinquency …

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‘Flurry of Lawsuits’ Against Eviction Moratorium

When the White House made an announcement—by way of the Center for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS)—that it would put a new conditional eviction ban in place, many housing-industry experts anticipated pushback from property owners. Then the court cases, such as a Virginia landlord’s suit against the CDC, started to surface.  Now, the Washington Post … The post ‘Flurry of …

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How Wildfires Are Impacting California’s Housing Market

In areas like Napa and Sonoma Counties, competition for housing has increased exponentially. It’s one result of devastating wildfires that have cut a swath through many parts of California, according to Realtor.com. Those who lost their homes need to plant roots again somewhere, and the report indicates many desire to stay in the area. As … The post How Wildfires …

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Data Determines ‘Best Political Mix’ for the U.S. Economy

In order to predict a political scenario that would most benefit the U.S. economy, the analysts at Wallet Hub dove deep into data. The researchers compared the condition of the economy under six different situations in which either Democrats or Republicans control one branch of government or both the presidency and legislature. Then they examined each … The post Data Determines …

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Altisource Expands Operations

Altisource Portfolio Solutions S.A., an integrated service provider and marketplace for the real estate and mortgage industries, announced it has expanded its Texas-based operations center to better service financial institutions in the wake of an unprecedented surge of mortgage-related calls from homeowners. Current moratoriums and forbearance plans are benefitting borrowers facing economic uncertainty and unemployment … The post Altisource Expands …

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AHP Servicing Appoints Next President, Tim Gillis

Chicago-based AHP Servicing, a nationwide servicer of high-touch residential mortgages, is pleased to announce the appointment of Tim Gillis as the organization’s next president. “We are thrilled to have Tim lead AHP Servicing’s continued growth,” says Jorge Newbery, Founder and CEO of AHP Servicing. “Tim is a visionary who is decisive, hard-working and an out-of-the-box … The post AHP Servicing …

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