2012 February

  • Fraud is a big concern at the biggest servicing shops

    fraud bank

    By Ronald Jasgur It’s no secret that fraud is a huge problem in short sale and REO disposition. And yet, what surprised us most at the MBA Servicing Conference last week in Orlando was the lack of real solutions to kick fraud to the door. Everyone in the servicing industry, from credit risk to governance, […]

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  • A heck of a headline…with no teeth

    Barack Obama

    By Rodney Carey In reference to President Barack Obama’s recent announcement about reforming the housing industry… I’m sorry to say, but this is going to be another failed attempt, which will further delay any chance of recovery. What the administration proposes is great for generating headlines, but does nothing to fix the housing problem. First […]

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  • Fraud or human nature? They look awfully similar

    crossed fingers at handshake

    By Ronald Jasgur Here’s a current-day dilemma to ponder: a listing agent lands a new bank-owned listing. Before marketing, the property needs an occupancy check, a clean-out, some minor repairs, and a few other maintenance items. Agent hurries to get the sign in the yard. A week or two passes before the bank approves expenses […]

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