Industry News

Real estate experts to probe national foreclosure trends

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A new advisory council of economists and real estate experts has been formed to support sustainable home ownership in the United States, members announced this week. The Foreclosure Economic Advisory Council, a new not-for-profit organization that will analyze national foreclosure trends, has announced the members of its advisory board at the REO Five Star Conference in Dallas, Texas. Beginning in October, FEAC will publish a quarterly report with a review of the recent U.S. foreclosure market, graphical representation of foreclosure "hot spots," and analysis of the quarterly data. Heading the group is Marla Webb, who will facilitate council communications and coordinate the input of the FEAC board to provide timely, relevant insight and analysis of local, regional and national issues affecting the residential foreclosure and real estate markets. Webb began her career in 1976 as a Realtor, real estate course writer and instructor, and a business mentor to real estate professional...