partnerfirst agent network: Short sales increase drastically nationwide! REO’s continue to fall… - 05/09/11 12:13 PM
Need more reason to stay connected to what is going on at PartnerFirst?  This very recent report confirms the inevitable!
Short sales rose from 17% of all sales in Feb to 19.6% of all sales in March and continue to outpace REO’s. This is good news for Realtors and homeowners and I take it as an indicator of a couple positive trends.
 1. Buyers are more willing than ever to consider short sales as options for them to purchase
 2. Realtors, on both sides of the transaction, are becoming more informed about short sales and less afraid of the problems that … (0 comments)

partnerfirst agent network: GSE's align on delinquency management...finally! - 05/09/11 11:45 AM
By: Jacob Swodeck - PartnerFirst, Director of Education
So, if you’re wondering what is happening at the highest levels in the mortgage servicing world, here it is! The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to align their guidelines for servicing delinquent mortgages they own or guarantee.  According to the FHFA, this framework will create uniform servicing requirements, as well as monetary incentives for servicers that perform well and penalties for servicers that do not.
The directive requires the two government-sponsored enterprises to align servicing requirements in four areas: borrower contact, delinquency management practices, loan modifications and foreclosure … (0 comments)