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Articles in "Servicing"
Freddie Mac announced the immediate availability of its streamlined modification program for delinquent borrowers on Monday, pushing up the roll out from its originally...
The state of Massachusetts continues to benefit from rising home prices and foreclosure prevention efforts – two factors that caused foreclosure activity in the New England state to plummet 82% year-over-year in March, according to data from publisher The Warren Group.
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Massachusetts Attorney General Martha Coakley rolled out a $1 million grant program to restore bank-owned properties leftover from the housing bust to eventually shift them back to the marketplace.
Coakley’s office is calling the initiative the Distressed Properties Indentification and...
The Obama Administration’s foreclosure mitigation programs provided relief to millions of distressed borrowers recovering from the housing market over the past four years.
The Making Home Affordable Program has assisted nearly 1.6 million homeowners since its inception in 2009, the Obama...
The Obama Administration’s foreclosure mitigation programs provided relief to millions of distressed borrowers recovering from the housing market over the past four years.
The Making Home Affordable Program has assisted nearly 1.6 million homeowners since its inception in 2009, the Obama...
The delinquency rate for mortgages on one-to-four unit residential properties grew 16 basis points from the fourth quarter of 2012 to the first quarter of 2013 even as the nation’s foreclosure inventory rate dropped to 3.55%, the Mortgage Bankers Association said Thursday....
The number of suspicious activity reports from banks citing possible loan fraud decreased by 29% last year, the first drop in 16 years.
Until 2012, mortgage loan fraud was the only suspicious activity report that increased every year, beginning in 1996. The past three years alone...
The number of suspicious activity reports from banks citing possible loan fraud decreased by 29% last year, the first drop in 16 years.
Until 2012, mortgage loan fraud was the only suspicious activity report that increased every year, beginning in 1996. The past three years alone...
A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a court injunction against two foreclosing parties: Bank of America and its ReconTrust Co. subsidiary.
For simply...
Mortgage servicer Nationstar posted a first-quarter profit of $62.6 million and announced the strategic acquisition of the Greenlight Financial Services mortgage origination business.
The move shows the servicing giant modeling other larger firms...
The California Homeowner Bill of Rights is slowing the movement of distressed properties in the West Coast state, Lender Processing Services said in a report.
HBOR is one of the more aggressive state-based pieces of legislation drafted in response to the...
[Update 1: Adds Mortgage Settlement Monitor's comments]
New York Attorney General Eric Schneiderman announced Monday his intentions to sue Bank of America and Wells Fargofor...
For the first time since May of 2007, fewer than 1% of new loans are classified as ‘problem’ mortgages, according to a new report from Lender Processing Services.
The mortgage analytics firm paints a picture of fewer troubled loans and even says with new problem loans in...
The California Homeowner Bill of Rights shifted how foreclosure attorneys, banks and homeowners view the default process in the state....
Bond insurer MBIA Insurance Corp., which faced numerous headwinds after insuring mortgage-backed securities, may soon be seized by the Superintendent of New York’s Department of Financial Services, the New York Post claims...