Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Due diligence Marketing Mortgages New Construction 384

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. Source: (Roger Starnes Sr / Unsplash). What is an REO home?

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Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche.

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Marco Santarelli

MARCH 15, 2021

In the past month, houses in the Philadelphia metro area sold for higher prices and that is mainly due to low mortgage rates and tight inventory. And as long as mortgages remain cheap, the real estate boom in Philly should continue into 2021. Bank Owned. Philadelphia, PA Real Estate Investment Markets.

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Housing Wire

JULY 30, 2021

““The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments. The White House last week announced a number of options for borrowers with federally-backed mortgages to reduce their monthly payments. Other federal agencies are expected to follow suit.

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Finance Commercial Real-estate owned Banks 457

Marco Santarelli

APRIL 29, 2021

For buyers, the mortgage rates are still low as compare to last year. The percent of delinquent mortgages in San Jose is 0.3%, which is lower than the national value of 1.1%. The percent of San Jose homeowners underwater on their mortgage is 1.6%, which is higher than San Jose-Sunnyvale-Santa Clara Metro at 1.5%. Bank Owned.

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