REO | Jotup

Covius to Acquire Nationwide Title Clearing, Inc. (NTC)

Retrieved on:

Tuesday, September 14, 2021

Hilltop Holdings Inc., Efficiency, REO, Technology, Carr, Riggs & Ingram, LLC, Industry, Solution, Growth, NTC, Tampa Bay Times, Compliance, Organization, Acquisition, Research, Willkie Farr & Gallagher, Real estate, Risk management

DENVER, Sept. 14, 2021 /PRNewswire/ --Covius Holdings, Inc. ("Covius"), a leading provider of technology-enabled solutions to the financial services industry, announced today that it has reached an agreement to acquire Palm Harbor, Florida-based Nationwide Title Clearing, Inc. ("NTC"), a leading, national lien release provider.

Key Points:

DENVER, Sept. 14, 2021 /PRNewswire/ --Covius Holdings, Inc. ("Covius"), a leading provider of technology-enabled solutions to the financial services industry, announced today that it has reached an agreement to acquire Palm Harbor, Florida-based Nationwide Title Clearing, Inc. ("NTC"), a leading, national lien release provider.
Its primary products and services include:
Upon closing of the transaction, approximately 670 NTC associates will join Covius, including the company's senior management.
This acquisition significantly expands Covius' post-closing capabilities, in the same way last year's Clayton acquisition scaled our due diligence offerings.
Nationwide Title Clearing, Inc. (NTC) is the leading research and document-processing service provider to the residential mortgage industry.

August 2021 U.S. Foreclosure Activity Rises Following The End Of The Foreclosure Moratorium

Retrieved on:

Thursday, September 9, 2021

But it's likely that foreclosures will remain below normal levels at least through the end of the year."

Key Points:

But it's likely that foreclosures will remain below normal levels at least through the end of the year."
Nationwide one in every 8,677 housing units had a foreclosure filing in August 2021.
But in August of 2019, the last year we had 'normal' foreclosure activity, there were almost 28,000 foreclosure starts over three times more than this year."
Those major metropolitan areas with a population greater than 1 million with the greatest number of foreclosure starts in August 2021 included New York, NY (486 foreclosure starts); Chicago, IL (439 foreclosure starts); Los Angeles, CA (401 foreclosure starts); Houston, TX (322 foreclosure starts); and Dallas-Fort Worth, TX (248 foreclosure starts).

C.A.R. commends steps to boost affordable housing supply and increase home-buying opportunities

Retrieved on:

Wednesday, September 1, 2021

Freddie Mac, Federal Housing Administration, Fannie Mae, Program, FHFA, Government, COVID-19 policy of the Joe Biden administration, FHA, Multimedia, HUD, Color, Organization, COVID-19, Professional, REO, Property management, Real estate

President Dave Walsh issued the following statements in response to announcements made today by the Biden Administration, HUD and FHFA to address the supply of affordable housing and help increase home-buying opportunities:

Key Points:

President Dave Walsh issued the following statements in response to announcements made today by the Biden Administration, HUD and FHFA to address the supply of affordable housing and help increase home-buying opportunities:
"C.A.R.
applauds the immediate steps the Biden Administration is taking to increase the nation's affordable housing supply.
California's housing supply crisis has lingered for decades and has only been exacerbated by the COVID-19 crisis.The only way to get out of this crisis will be through bold action taken by all levels of government, and the comprehensive proposal put forward today will help increase homeownership and other housing opportunities, especially for communities of color."
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Defense Metals Completes Drill Pad Construction In Advance Of 2021 Wicheeda Rare Earth Element Deposit Drill Campaign

Retrieved on:

Wednesday, August 25, 2021

VANCOUVER, BC, Aug. 25, 2021 /PRNewswire/ - Defense Metals Corp. ("Defense Metals") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that it has completed steep terrain drill pad construction in preparation for commencement of its 2021 Wicheeda Rare Earth Element (REE) Deposit resource expansion and definition diamond drill program.

Key Points:

VANCOUVER, BC, Aug. 25, 2021 /PRNewswire/ - Defense Metals Corp. ("Defense Metals") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that it has completed steep terrain drill pad construction in preparation for commencement of its 2021 Wicheeda Rare Earth Element (REE) Deposit resource expansion and definition diamond drill program.
Defense Metals has now completed four timber drill pads in preparation for the 2021 diamond drilling (Figure 1).
Further details regarding the 2021 drill plans will be released at that time.
Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada.

Martin County Condo Market Continues Streak of Sales Gains in July 2021

Retrieved on:

Tuesday, August 24, 2021

Martin County total home sales decreased 3.9% year-over-year in July 2021, from 381 sales to 366.

Key Points:

Martin County total home sales decreased 3.9% year-over-year in July 2021, from 381 sales to 366.
"The Martin County condo has now posted 13 consecutive months of sales gains," JTHS-MIAMI President Bill Mate said.
Martin County single-family homes inventory rose in July 2021 compared to June 2021, an indicator that more inventory is heading to the low-supply/high demand market.
Cash sales accounted for 47.3% of all Martin County existing condo sales and 38.3% of single-family transactions.

Miami Real Estate Registers Best July Sales Month in History; Condo Transactions Up 103.7% Year-over-Year in July 2021

Retrieved on:

Tuesday, August 24, 2021

"A historic year for Miami real estate continues with the best-ever July sales month," MIAMI Chairman of the Board Jennifer Wollmann said.

Key Points:

"A historic year for Miami real estate continues with the best-ever July sales month," MIAMI Chairman of the Board Jennifer Wollmann said.
July 2021 (with its 3,632 sales) ranks as the fourth-best sales month overall since MIAMI began tracking stats in 1993.
Miami single-family home sales (8.1% increase) and condo transactions (85.2% jump) are higher than July 2019.
Cash sales accounted for 47.6% of all Miami existing condo sales and 24.7% of single-family transactions.

Palm Beach County Home Sales Rise in 2Q 2021; Luxury Single-Family Home Sales Surge 213.3% Year-over-Year

Retrieved on:

Friday, August 13, 2021

Palm Beach County single-family home luxury ($1-million-and-up) transactions surged 213.3% year-over-year to 1,034 transactions in 2Q 2021.

Key Points:

Palm Beach County single-family home luxury ($1-million-and-up) transactions surged 213.3% year-over-year to 1,034 transactions in 2Q 2021.
Palm Beach County condo luxury sales increased 336% to 484 transactions in 2Q 2021.
Short sales and REOs accounted for 0.2% and 0.6%, respectively, of total Palm Beach sales in 2Q 2021.
Cash sales represented 52.3% of Palm Beach closed sales in 2Q 2021, compared to 37.9% in 2Q 2020.

July 2021 U.S. Foreclosure Activity Declines Slightly As Government Moratorium Comes To An End

Retrieved on:

Tuesday, August 10, 2021

"Much of the foreclosure volume will come from the reinstatement of foreclosure proceedings on properties that had already been in default prior to the pandemic, and new foreclosure activity on vacant and abandoned properties."

Key Points:

"Much of the foreclosure volume will come from the reinstatement of foreclosure proceedings on properties that had already been in default prior to the pandemic, and new foreclosure activity on vacant and abandoned properties."
Nationwide one in every 11,009 housing units had a foreclosure filing in July 2021.
Lenders started the foreclosure process on 6,572 U.S. properties in July 2021, down 4 percent from last month but up 45 percent from a year ago.
ATTOM provides foreclosure data licenses that can power various enterprise industries including real estate, insurance, marketing, government, mortgage and more.