News

Articles in "Servicing"

October 29, 2012 09:36 AM
Foreclosures wipe out $2 trillion in neighborhood equity

During the past few years, properties located next to foreclosures lost an estimated $1.95 trillion in value, according to the Center for Responsible Lending.

The group analyzed data from the U.S. Census, Lender...

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October 29, 2012 05:00 AM
Monday Morning Cup of Coffee: Ally ready to offload remaining mortgage assets

Monday Morning Cup of Coffee takes a look at news crossing HousingWire's weekend desk.

 

 

Ally Bank, the subsidiary of Ally Financial Inc., said it's exploring options for offloading the remaining agency mortgage servicing rights in its portfolio...

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October 28, 2012 08:40 PM
Monday Morning Cup of Coffee: Ally ready to offload remaining mortgage assets

Monday Morning Cup of Coffee takes a look at news crossing HousingWire's weekend desk.

 

 

Ally Bank, the subsidiary of Ally Financial Inc., said it's exploring options for offloading the remaining agency mortgage servicing rights in its portfolio...

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October 26, 2012 05:02 PM
Vericrest Financial may get servicing stake in ResCap-Buffett deal

Servicer Vericrest Financial is said to have obtained servicing rights out of the Berkshire Hathaway acquisition of a portfolio of Residential Capital whole loans, sources told HousingWire.

Vericrest Financial...

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October 25, 2012 04:15 PM
SIGTARP: Hardest Hit Fund helping more homeowners

States riddled with foreclosures more than doubled the number of homeowners receiving aid through the Treasury's Hardest Hit Fund in the past several months, the Special Inspector General for the Troubled Asset Relief Program said in a report Thursday. 

The...

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October 25, 2012 02:39 PM
SIGTARP: Hardest Hit Fund helping more homeowners

States riddled with foreclosures more than doubled the number of homeowners receiving aid through the Treasury's Hardest Hit Fund in the past several months, the Special Inspector General for the Troubled Asset Relief Program said in a report Thursday. 

The...

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October 25, 2012 02:36 PM
Freddie Mac: New short-sale guidelines are win-win for everyone

New short sale guidelines from Fannie Mae and Freddie Mac are designed to prevent deceptive transactions that pop up in times of distress when servicers and borrowers are negotiating short sales, representatives from Freddie Mac said in an exclusive webinar with...

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October 24, 2012 11:05 PM
RealtyTrac reports foreclosure declines in two-thirds of metro areas

 

RealtyTrac, the online marketplace for foreclosures, reports a yearly decrease in 131 out of the nation’s 212 metropolitan areas.

“Two-thirds of the nation’s largest metros posted decreases in foreclosure activity in the third quarter, indicating that...

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October 24, 2012 12:29 PM
Ocwen, Walter Investment win bidding war for ResCap mortgage servicing

[Update 1: Ocwen Financial, Walter Investment confirm winning bid]

Ocwen Financial ($44.25 0.27%) won the bid for the mortgage servicing...

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October 22, 2012 11:09 PM
Assurant lowers lender-placed insurance premiums in California

Assurant ($49.84 0.54%) said late Monday that its insurance unit American Security Insurance reached an agreement with the...

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October 22, 2012 10:36 PM
Assurant lowers lender-placed insurance premiums in California

Assurant ($49.84 0.54%) said late Monday that its insurance unit American Security Insurance reached an agreement with the...

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October 22, 2012 03:51 PM
Mortgage delinquencies spike in September, report says

While the nation's foreclosure inventory continues to shrink, new delinquencies spiked sharply during September 2012, new data released Monday afternoon showed.

According to Lender Processing Services...

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October 19, 2012 02:01 PM
Countdown begins for auction of ResCap's MSRs

Two firms waiting in the wings to acquire Residential Capital's mortgage servicing rights out of bankruptcy are nearing the final bid deadline of 5 p.m. on Friday afternoon.

It's well known that Nationstar Mortgage Holdings...

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October 18, 2012 03:41 PM
Basel requirements could shift mortgage servicing rights

Basel III could shift the landscape for banks holding mortgage servicing rights if proposed capital ratio guidelines take effect 'as is', bank analysts say.

The Mortgage Bankers Association tackled concerns about MSRs...

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October 18, 2012 07:57 AM
Washington Federal sues BofA over Countrywide mortgage servicing

Seattle-based Washington Federal sued Countrywide Financial, now part of Bank of America ($13.43 0.07...

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