DS News Webcast: Thursday 1/23/2014

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: RE/MAX Leadership Honored as Real Estate’s ‘Most Influential’ Next: Despite Fewer Foreclosure Starts, Distressed Sales Rose in 2013 The Best Markets For Residential Property Investors 2 days ago Home / Featured / DS News Webcast: Thursday 1/23/2014 Related Articles About Author: DSNews Is Rise in Forbearance Volume Cause for Concern? 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago January 23, 2014 637 Views  Print This Post in Featured, Media, Webcasts Subscribecenter_img Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Year-end numbers tallying distressed home sales in 2013 were released by RealtyTrac this morning. The data indicates short sales and foreclosure-related sales—which includes sales to third-party buyers at foreclosure auction and sales of REOs—accounted for a combined 16.2% of all U.S. residential sales last year. It may surprise some to know that’s up slightly from both the previous two years.More than 256,000 short sales were completed in 2013 and while the short sale percentage was up from 2012, it slipped slightly compared to 2011. REO sales totaled more than 436,000 last year, with that share up from both the previous two years. Properties sold to third parties at foreclosure auction also rose, as did all-cash purchases, which ended the year at 29.1% of all U.S. residential sales after trending higher in the second half of the year. We reported yesterday that sales of mortgage servicing rights were on the rise, with two portfolios for Fannie Mae and Ginnie Mae loans currently up for bid. Wells Fargo later announced that it has a buyer for 2% of its total residential servicing portfolio. The bank says it is selling MSRs to $39 billion in loans to Ocwen’s servicing arm. The deal is expected to close by the end of this year. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2014-01-23 DSNews The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago DS News Webcast: Thursday 1/23/2014last_img

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