Skip to main content

Mortgage servicers using income verification in loan modifications see reduced foreclosure rates

National Mortgage Professional
Feb 17, 2009

RealtyTrac and Caspio release free foreclosure widgetMortgagePress.comRealtyTrac, Caspio, Web application, foreclosures, Ari Monkarsh, David A. Milliron RealtyTrac, an online marketplace for foreclosure properties, and Caspio Inc., a provider of Web-based point-and-click platform for creating Web applications, has announced the launch of a new foreclosure Web application that features historical foreclosure activity data by state or by county and a real-time nationwide search of properties in foreclosure. The Web application is available to Caspio online media clients in an elegant search widget that allows end-users to view historical foreclosure statistics for a state or county in a specific month or in all months in a given year going back to 2005. Each months statistics will include the total number of properties that received foreclosure filings during the month, broken down by type of foreclosure filing, along with the foreclosure rate and comparison to the previous month and a year ago. Users can also enter any ZIP code nationwide to instantly view active foreclosure properties in that ZIP code from RealtyTracs database of default, auction and bank-owned real estate. "Thanks to Caspio's extensive network of clients, particularly in the online news media arena, this new Web application will significantly and instantly broaden the footprint of our foreclosure trend data," said Ari Monkarsh, vice president of business development at RealtyTrac. "Especially in this market, we believe more and more real estate consumers realize the importance of the previously hidden foreclosure market and are interested in historical foreclosure trends as well as active foreclosure properties in their community." With real estate in a downturn in most markets nationwide, the foreclosure marketplace is one of the few growing areas in real estate. More than 2.3 million properties received at least one foreclosure notice in 2008, up 81 percent from 2007, according to the RealtyTrac U.S. Foreclosure Market Report, and foreclosure activity is expected to increase into 2009. Available now for instant deployment, the foreclosure widget is free to Caspio's hundreds of media clients, most of which already utilize Caspio's data syndication services for U.S. Census Bureau data and FBI crime reports. Caspio's plug-and-play applications and data syndication widgets provide the easiest and most affordable way for online news media to add hyper-local capabilities to their Website, while offering highly relevant information to local and regional audiences. "Data syndication is a powerful capability of Caspio's on-demand Web application platform," said David A. Milliron, vice president of media services at Caspio. "This partnership enables RealtyTrac to leverage Caspio's large base of online media customers and data syndication channels to distribute its foreclosure data to millions of people." For more information, visit www.realtytrac.com or www.caspio.com.
Published
Feb 17, 2009
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021
FormFree Taps Amazon Web Services For Consumer Financial Identity Solutions

FormFree will use Amazon's blockchain technology to manage its latest consumer Financial DNA solution and its newly introduced FormFree Exchange.

Tech
Oct 19, 2021
Synergy One Lending Increases Its Capital By $50M

San Diego-based Synergy One Lending Inc. completed a $50 million corporate note financing with a consortium of institutional investors.

Industry News
Oct 19, 2021
TransUnion Sees Untapped Growth Opportunity For The Mortgage Industry

A study conducted by TransUnion, which explores the creditworthiness of low-to-moderate income consumers, revealed that the segment represents a $300 billion growth opportunity for the mortgage industry.

Analysis and Data
Oct 19, 2021