Detect the Defects

Cognitive-based robots can perform increasingly complicated tasks in vetting loans

Home flips decline as profit margins narrow

In third-quarter 2019, there were 56,566 single- family homes and condominiums flipped nationwide, according to Attom Data Solutions’ U.S. Home Flipping Report. That number represents a 12.9% quarterly decline and a 6.8% annual decline. Last spring saw an unusually strong market for home flipping, so the declines in the past third quarter were an about-face, […]

Even without a recession, foreclosures could rise in 2020

Most people in the default-servicing industry don’t foresee a U.S. economic recession or housing downturn in 2020. Two-thirds of respondents to a recent Auction.com survey, however, expect their company to see greater inflows of foreclosure and bank-owned properties this year. Conducted in December 2019, the survey was sent to Auction.com clients, who collectively accounted for […]