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Equator, formerly REOTrans, reached into the middle-tier market of lenders and servicers with the launch of the more affordable Professional REO package.
According to the credit rating agency, Standard & Poor’s, it would take almost three years to burn though the shadow inventory of foreclosures waiting to hit the market, and the REO industry is bracing for impact….
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[Update 1: clarifies co-broker commission]
Lender Processing Services (LPS) will conduct an online foreclosure auction of Arizona, California and Nevada homes until April 1, 2010.
LPS is a technology provider to the mortgage industry, and its LPS Auction Solutions division will host the bidding…
