Team Thayer Property Servicing

Sustainable homeownership is the “gateway to the middle class” for many Americans and is the primary source of wealth creation for many, which is why increasing the homeownership rate is so critical to a healthy economy, according to a panel at a housing forum in Washington, D.C. on Tuesday. In the “Achieving the American Dream” housing forum, hosted by  First American Financial Corporation , three members of Congress addressed the audience while a panel of experts discussed primarily how to increase the homeownership rate among Latinos and African Americans. Panelist Gary Acosta, Co-Founder and CEO, National Association of Hispanic Real Estate Agents, declared to the agreement of the panel that the gateway to the middle class in America is sustainable homeownership—and that lenders do not need to lower the bar, but instead need to open the credit window. “What that essentially means is we’re not trying to qualify people who probably shouldn’t qualify for a mortgage,” ...

The United States housing market is the foundation of our fragile economy, as made evident by the current recession and real estate bubble. Its downward trend in recent years has crippled our economy while placing millions of Americans in financial purgatory. It appears, however, that the worst may be behind us. Pending home sales continue to improve, suggesting that the housing market is slowly returning to normal. Can we attribute this to the benefits of investors? With the housing market primed to remove us from our economic instability, facilitation of this sector should be of utmost importance. The role of residential developers and real estate investors has never been more important. Despite several grossly exaggerated misconceptions, the benefits of investors will play an integral piece in returning the housing market to pre-recession standards. Investors have a measurable and immediate impact on the social good of a geographic region . A symbiotic relationship exists b...

There is a housing shift occurring in the investment market. Major investors are gravitating toward purchasing new homes for rental use. During the housing crash, big investors stocked up on thousands of foreclosed properties for single-family rentals with intentions of selling them when home prices recovered. But they didn’t. Now that the housing market is recovering, foreclosures are low and prices are up, but investors are not selling their properties. Instead,  NBC News  says “they are buying more, and now they are buying new.” “That fruit—cheap foreclosures—offered investors a relatively low-risk play, because they could buy homes at well below the cost of replacement, and not only would they see rental revenue but also property price appreciation,”  NBC News  reporter Diana Olick noted. “As this new interest develops, however, builders are starting to offer institutional buyers bulk discounts. Not only does it help builders grow revenue, but it gets...

Freddie Mac   announced Thursday  that it sold 157 deeply delinquent non-performing loans (NPLs) totaling about $31 million in aggregate unpaid principal balance (UPB) in its first-ever Extended Timeline Pool Offering (EXPO) sale on June 3. EXPOs differ from Freddie Mac's Standard Pool Offerings in that the loans include smaller pool sizes and a longer marketing period. Freddie Mac is targeting smaller investors with its EXPO auctions, which are intended to give these investors extra time to secure funding to participate in the NPL sales. Freddie Mac  began marketing the pool of loans  on April 21 and encouraged private investors, minority- and women-owned businesses, non-profits, and neighborhood advocacy funds to bid in the auction, subject to meeting bidder qualification requirements. Those requirements include: the bidding servicer must be approved by and in good standing with GSEs; the servicers must prioritize loan modifications over non-home retention ...