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Articles in "Servicing"
The nation’s supply of homes in some stage of foreclosure plummeted 23% in March, declining from 1.5 million housing units a year earlier to 1.1 million distressed properties, CoreLogic said in a new report Tuesday.
Completed foreclosures also declined 16% to 55,...
Borrowers potentially harmed by foreclosures initiated by Goldman Sachs through its former Litton Loan Servicing subsidiary and Morgan Stanley through Saxon Mortgage Services will be compensated for their losses in the near...
The Mortgage Electronic Registration Systems is empowered to transfer foreclosure rights as the rightful beneficiary of a deed of trust, the Idaho Supreme Court ruled in a decision this week.
The case essentially green lighted a foreclosure that has been on delay for...
A ranking member of the House Committee on Oversight and Government Reform is pushing for a legislative package that would create an independent monitor to oversee all payouts tied to the national foreclosure settlement.
This monitor also would be charged with checking up...
The two biggest challenges facing mortgage servicers include long judicial foreclosure timelines in certain states and swooping regulatory changes, said Retreat Capital Management Vice President John Cottrell, while speaking at SourceMedia's 7th Annual Mortgage...
A high three-digit credit score can definitely make a mortgage look more attractive to the secondary market and investors.
But in the wake of the 2008 mortgage market meltdown, a solid credit score is only the proverbial icing on the cake.
Risk managers and investors want more...
Flagstar Corp. ($13.29 0%) wrapped up its first quarter with a $22.2 million profit and less exposure to mortgage servicing rights as the...
The Consumer Financial Protection Bureau continues to receive consumer feedback on mortgage servicing transfers – especially mass movements of loans from one shop to the next.
And if servicers are not fulfilling their obligations under federal law, the agency could seek...
The Consumer Financial Protection Bureau continues to receive consumer feedback on mortgage servicing transfers – especially mass movements of loans from one shop to the next.
And if servicers are not fulfilling their obligations under federal law, the agency could seek...
A federal investigation into a group that used personal connections in the real estate industry to construct a mortgage fraud scheme resulted in six prison sentencings this past week.
Wilfredo Ferrer, U.S. Attorney for the Southern District of Florida, and J.D. Patterson, director of the...
California’s top lawyer is granting dozens of organizations millions of dollars in benefits to better assist homeowners affected by the state’s foreclosure crisis.
California’s National Mortgage Settlement Grant Program awarded $9.4 million to 21 organizations, with the ultimate goal of...
California’s top lawyer is granting dozens of organizations millions of dollars in benefits to better assist homeowners affected by the state’s foreclosure crisis.
California’s National Mortgage Settlement Grant Program awarded $9.4 million to 21 organizations, with the ultimate goal of...
A $12.7 billion Fannie Mae and Freddie Mac bulk servicing portfolio comprised of loans tied to properties in multiple states is up for grabs, according to the seller's agent Interactive Mortgage Advisors.
Forty percent of the assets – or...
The independent foreclosure reviews abruptly ended by regulators in January failed from a lack of objectivity, oversight and consistency in the loan sampling process, said Lawrance Evans, director of financial markets and community investment for the Government Accountability Office...
The independent foreclosure reviews abruptly ended by regulators in January failed from a lack of objectivity, oversight and consistency in the loan sampling process, said Lawrance Evans, director of financial markets and community investment for the Government Accountability Office...