News

REO Sales Moving Online

With more distressed sales impacted by foreclosure moratoriums and forbearances due to the COVID-19 pandemic, buyers are going digital at an accelerated rate. The post REO Sales Moving Online appeared first on DSNews.

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Servicer Response and Reaction to Natural Disasters

IMPACT 20/20 will include critical conversations on response, reaction, and assistance to ensure the industry is ready to lend the proper support the next time a natural disaster strikes. The post Servicer Response and Reaction to Natural Disasters appeared first on DSNews.

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Terra Incognito

We are in uncharted territories. The pandemic didn’t leave us much choice but to adapt and change our Spring event to a virtual conference. Our mission at Allterra Group has been, and always will be, to keep the appraisal community plugged in to what is happening. Allterra has brought you Valuation Expos since 2003, the largest appraiser conference in the …

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7.7% of Mortgage Now in Forbearance

The loans in forbearance account for $890 billion in unpaid principal and includes 6.4% of all GSE-backed loans and 11% of all FHA/VA loans. The post 7.7% of Mortgage Now in Forbearance appeared first on DSNews.

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Unemployment Rate Skyrockets to 14.7%

The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS).  The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden decline on monthly job losses since data started being tracked in 1939.  CNN adds the … The post Unemployment Rate …

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