Sengdao Vongruksukdi's Blog

After two and a half years of failures nearly every Friday, and a pile of about 350 collapsed banks, one former management team of a shuttered thrift has decided to fight back. The former United Western Bank, a $2 billion-asset Denver thrift, along with its holding company and key principals, bec...

The Government National Mortgage Association's MBS program has experienced unprecedented growth the past two years and now the agency  wants to nearly triple its allotment for salaries to $30 million, allowing it to hire additional staff while reducing its dependence on outside contractors. The s...

We don't know Professor White. But, we appreciate what he is saying...and now, what he is DOING. Dr. White has taken the strategic default movement out of the shadows on a national scale. He advocates owners walking away from their underwater homes through a foreclosure. We don't. We advocate tha...

What is interesting about this article isn't the fact that so many foreclosures in Nevada are strategic....what is interesting is the fact that the Nevada Association of Realtors is doing the reporting. Most boards of Realtors have been downplaying the number of underwater owners choosing to stra...

In 2011 its expected that the average number of months from first missed payment...to final eviction will be over 2 years! These significant delays in the foreclosure process will motivate banks to do more short sales..faster. Its not to late for you to learn how to be your markets go-to short sa...

Increased oversight should help the Federal Housing Administration sell more repossessed homes quickly, and at the right price. Vicki Bott, the Department of Housing and Urban Development's deputy assistant secretary for single-family housing programs, said the FHA's revamp of its management and ...

After using IndiSoft LLC services for 24 months, Wingspan Portfolio Advisors has expanded its partnership with the technology development firm addressing the needs of homeowners who do not qualify for loan modification or who are unable to retain their homes. Wingspan Portfolio Advisors, a Dallas...

Hilco Real Estate has launched a new operating unit to service deeply distressed real estate loans and REO assets. The formation of the Hilco Real Estate Managed Asset Resolution will provide specialized, turnkey loan servicing to lenders and other real estate investing entities on their top dist...

Mortgage Contracting Services LLC has made available a new product called REO Check that servicers can use as assistance for on-site assessments of foreclosed inventory throughout the REO lifecycle. Caroline Reaves, CEO of Tampa-based Mortgage Contracting Services which is a nationwide provider o...

People are interested in Real Estate.  For many homeowners the equity in their home is their greatest asset.  Smart first time Buyers will always rather own than rent.  Parents who would not lend their child money for anything else will lend their kids money to buy a home. When people know that y...