A bill on the desk of Massachusetts Gov. Deval Patrick would have far-reaching implications on the REO and mortgage industries, including a temporary provision adding five months to the foreclosure process.
The voice on the other end of the phone line, a senior executive at a large bank servicing operation, simply didn’t know how to process what they had been just been told. They’d just heard that REO Insider had collected more than 1.4 million data points covering every aspect of broker/agent perception of REO firm performance; they’d heard that we’d retained a well-known market research firm to handle survey results. Much more importantly, however, they heard that we were going to go public with our findings.