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Showing posts from September, 2014

Property Preservation a BUST or a Monopoly?

Concentric Equity Partners to Acquire Property Preservation, Valuation Divisions of CoreLogic Sources close to the negotiations have confirmed to DS News that Concentric Equity Partners ( CEP ), owners of Mortgage Contracting Services ( MCS ), Asset Management Specialists ( AMS ), and Vacant Property Specialists ( VPS ) has agreed in principle to purchase CoreLogic 's Property Preservation and Valuation divisions. The deal is set to be finalized in the coming days and represents the latest in a series of strategic acquisitions for CEP to expand its growing footprint in the field services sector. In August of last year, CEP announced the formation of a holding company to bring MCS, AMS, and VPS under common ownership. In addition to her role as MCS CEO, Caroline Reaves was named CEO of the holding company. MCS is a nationwide provider of property inspections, property preservation and real estate owned (REO) property maintenance for the financial services industry.

The Macro US Housing View! (Future Lab Luncheon) - 5 Star Conference 2014, Dallas TX

Rick Sharga, Exec VP, 6.1% unemployment for the nation now.  We have just recovered since 2009.  Ironically, labor force participation is dropping off due to the aging population of baby boomers.  Also unemployment is still high.  When adding labor force participation, it creates a 10% drop in labor force. Recipe for a Stable Housing Market Len Kiefer, Economic Research Director & Deputy Chief Economist Freddie Mac Due to the weak recovery, the labor force dropping, and the unemployment rates, we will have a difficult time recovering.  Jobs are still also recovering and causing the growth to stagnate. Four indicators of a stable housing market 1. Purchase applications - solid home sales that match demographics 2. Payment to Income - Mortgage payment in line with income 3. Current on Mortgage - few defaults, less foreclosures 4. Employment - low unemployment, more jobs, rising salaries and wages Multi Indicator of Market: people looking to buy homes p