Tag Archives: reo

Altisource sees rise in foreclosures as a path to profitability

By | | Uncategorized
Comments Off on Altisource sees rise in foreclosures as a path to profitability

The operator of real estate auction platform Hubzu reports a $53.4 million 2022 net loss, with revenue falling 15 percent to $144.5 million. Continue reading →

Hints of more layoffs loom at Mr. Cooper as profits wane in Q3

By | | Uncategorized
Comments Off on Hints of more layoffs loom at Mr. Cooper as profits wane in Q3

While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio. Continue reading →

Mr. Cooper lays off originators while mortgage servicing business booms

By | | Uncategorized
Comments Off on Mr. Cooper lays off originators while mortgage servicing business booms

Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Continue reading →

Is remote real estate investing the next big thing?

By | | Uncategorized
Comments Off on Is remote real estate investing the next big thing?

Going remote isn’t just a new trend in the standard workforce — it’s also on the rise among real estate investors. Continue reading →

Dollars and sense: 10 things financially smart agents already know

By | | Uncategorized
Comments Off on Dollars and sense: 10 things financially smart agents already know

In this recurring column on all things agent and broker finance, Jack Gross explains why establishing financially savvy habits starts with self-awareness and how he learned that the hard way. Continue reading →

HUD Secretary slammed for confusing REO with Oreo cookies

By | | Uncategorized
Comments Off on HUD Secretary slammed for confusing REO with Oreo cookies

Despite the controversy that has swirled around his tenure, following the Oreo incident, Ben Carson attempted to downplay his apparent confusion. Continue reading →