Friday, February 11, 2011

HousingWire to Acquire REO Insider, Enhance Mortgage Media Leadership

Acquisition by leading U.S. financial news platform will strengthen media company's brand in multi-trillion dollar mortgage market, expand market coverage and allows for future growth in one of the hottest sectors in real estate

DALLAS, Sept. 17 /PRNewswire/ -- HousingWire, the nation's largest publication for U.S. mortgage investment, origination and servicing executives, announced Friday that it has entered into an agreement to acquire REO Insider, the leading trade journal focused on distressed real estate transactions.

Through the acquisition, HousingWire will add in-depth REO market reporting to its existing coverage areas spanning loan originations, secondary market trading of whole loans and mortgage-backed securities, and loan servicing. REO Insider will cease to operate as a separate publication.

"The distressed real estate market, whether via REO or short sales, has never been more relevant to the overall economic picture than it is right now," said HousingWire CEO Paul Jackson. "This acquisition will solidify HousingWire's position as the only end-to-end news and information source that crosses the entire housing finance spectrum."

HousingWire currently reaches more than 3 million readers each year though its digital and print content distribution networks, making it the largest source of housing finance news in the United States. Per the agreement, HousingWire will assume ongoing management of various conferences and research products tied to REO Insider, as well as other assets.

REO Insider organized and hosted REO Expo 2010 in Dallas this past June, bringing more than 1,500 industry professionals together. The company also launched the Pinnacle Awards program, the REO industry's first-ever peer-selected awards program, based upon a research product developed by the publication.

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HousingWire to Acquire REO Insider, Enhance Mortgage Media Leadership

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