Page 2 - Auction Manager News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Classic Car Museum is holding an online auction to bring in a new wave of cars to the museum. The auction is a week long from June 13-20.

CRA International, Inc. , a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy... | December 8, 2022

In the secondary markets, lenders are trying to wring out every penny from loan sales. For example, in today’s podcast (available here) is an interview with Senior Director of MCT’s Investor Services team, Jennifer Kennelly, on MCT’s Bid Auction Manager (BAM) Marketplace, the nation’s first open mortgage loan exchange. In the primary markets, it’s rough, and I received this note from a senior executive. “In our branches, this is worse than the meltdown. In 2008-2010 we may have had problems finding lenders to loan money, but there were some, and we sti...

As Brian B. reminds me, “In the New England you can tell the changing of the seasons by the changing color of the leaves. In Florida you can tell the changing of the seasons by the changing colors of the license plates.” Speaking of moves, geography, and distance, if you’re a lender or a vendor, how’s your 2023 travel and entertainment budget shaping up? I figured. The Mortgage Bankers Association believes (some say optimistically) that total mortgage origination volume will decline to $2.05 trillion in 2023 from the $2.26 trillion expected in 2022. The “pie&...

John Kenneth Galbraith said, “The only function of economic forecasting is to make astrology look respectable.” How about forecasts of how dramatic this downturn has been for residential lenders and related third parties? What is making the headlines these days are companies that are not reducing their workforce, since on the flipside nearly every lender, large and small, are having layoffs, as well as many vendors from small to large (like ICE’s cutbacks in its mortgage group which had an operating loss for the second quarter of $6 million). Behind the scenes? STRATMOR Pa...