News for NAMFS Members

Here are a few photos to enjoy from the 2009 NAMFS Conference in Atlanta.

In January, industry leaders from HUD, the MBA, the mortgage servicers and the field service business met in Washington DC to discuss upcoming changes to be implemented by HUD in 2009.  The following are notes from that meeting provided by our Government/Industry Liaison Committee Chairman, Robet Klein.

As home foreclosures continue to rise, a growing number of local governments are imposing stiff fees on mortgage companies responsible for the vacant properties.

Setting the price for property preservation services can be a tricky undertaking. The bulk of existing pricing is based on archaic federal guidelines rather than current materials costs, the cost of maintaining a property preservation company in today's market, and the recent influx of foreclosure properties. A strong case can be made for re-analysis and adjustment of the prevailing property preservation pricing structures.