Servicing/Default
Equifax Touts Loan Modification Solution
By PAUL JACKSON
December 19, 2007 9:57 PM CST
Equifax Inc. said Wednesday that it has launched a solution to help lenders navigate new guidelines for homeowner assistance created by the recently-announced subprime ARM rate freeze program.
The credit agency’s loan modification solution leverages multiple data sources and analytics that it says help lenders segment their borrower base while also measuring the overall impact on their customers, Equifax said.
“To give lenders the most comprehensive view of their portfolios, Equifax’s loan modification solution leverages income and employment, credit-worthiness and equity position data,” the company said in a press statment. “The resulting information helps lenders segment their account base and develop a systematic solution for transitioning eligible borrowers into affordable mortgages.”
For more information, visit http://www.equifax.com.
Print This Article
recent stories by department
Origination/Lending
Secondary Market/Investors
Get your HW Fix
Join nearly 10,000 bold subscribers who already get our daily email delivered to their inbox -- it's free, and a great way to ensure you don't miss something.
Events
2009 Jul 09 -- 2009 Jul 10
USFN Legal Issues in Mortgage Servicing Seminar
Geared towards in-house counsel, designed to discuss current legal issues in the mortgage servicing industry and real estate finance. Closed event in Chicago, Ill.; for more information, visit www.usfn.org.
2009 Oct 04 -- 2009 Oct 05
IMN's 15th Annual ABS East
Hosted at the Foutainebleau Resort Miami Beach in Miami, FL, the theme of this year's event is "Navigating a Path to Recovery" and alludes to decisive actions by the government and industry leaders to set a course that will hopefully lead to a revived and robust US securitization market. For more information, visit www.img.org.
2009 Oct 20 -- 2009 Oct 21
RMBS: Assessing Value and Risk
This two-day course in Washington, DC will equip market participants with the knowledge and skills to evaluate prime, Alt-A and subprime RMBS portfolios in order to assess their value and understand inherent risks. For more information, visit www.fitchratings.com.
