News
Articles in "Servicing"
The number of foreclosures completed in July totaled 58,000, down 16% from 69,000 a year earlier and 62,000 in June, according to analytics firm CoreLogic.
...California Gov. Jerry Brown signed a bill Monday forcing owners of foreclosed and vacant homes to maintain the property or face up to a $1,000 fine per day of violation.
The bill, A.B. 2314, is part of the Homeowner Bill of Rights, a slew of new legislation drafted and introduced through...
California Gov. Jerry Brown signed a bill Monday forcing owners of foreclosed and vacant homes to maintain the property or face up to a $1,000 fine per day of violation.
The bill, A.B. 2314, is part of the Homeowner Bill of Rights, a slew of new legislation drafted and introduced through...
The Federal Reserve bought more Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds during the first six months of the year. However, Fed profits also declined on the investments.
The Fed published its first unaudited...
A group of senators are pressing Majority Leader Harry Reid, D-Nev., to allow a vote on a package of tax relief extensions set to expire this year, including a break for mortgage principal forgiven in loan modifications or short sales.
Homeowners who receive a principal reduction or a...
The delinquency rate on Freddie Mac guaranteed mortgages fell to 3.42% in July, the lowest level since August 2009, according to its monthly report.
The rate dropped 3 basis points from the month before and fell from the 3.59% rate measured at the beginning of the year....
The delinquency rate on Freddie Mac guaranteed mortgages fell to 3.42% in July, the lowest level since August 2009, according to its monthly report.
The rate dropped 3 basis points from the month before and fell from the 3.59% rate measured at the beginning of the year....
Four more of the largest mortgage servicers progressed to the top of the Fannie Mae scorecard in the first half of 2012.
Nationstar Mortgage ($41.69...
Four more of the largest mortgage servicers progressed to the top of the Fannie Mae scorecard in the first half of 2012.
Nationstar Mortgage ($41.69...
The new $6,000 limit Fannie Mae and Freddie Mac mortgage servicers will be allowed to pay out to second-lien holders is on par with some values but well below others.
Morgan Stanley...
The new $6,000 limit Fannie Mae and Freddie Mac mortgage servicers will be allowed to pay out to second-lien holders is on par with some values but well below others.
Morgan Stanley...
New short sale requirements for servicers proposed by the Federal Housing Finance Agency are giving financial firms a battle strategy for dealing with reluctant subordinate-lien holders who attempt to delay short sales on points of negotiation.
Some...
Mortgage Electronic Registration Systems, or MERS, cannot be a lawful beneficiary of a deed of trust in Washington state if the registry lacks real possession of the promissory note, the Washington Supreme Court said this week.
The ruling contradicts...
Mortgage Electronic Registration Systems, or MERS, cannot be a lawful beneficiary of a deed of trust in Washington state if the registry lacks real possession of the promissory note, the Washington Supreme Court said this week.
The ruling contradicts...
The California monitor of the $25 billion national mortgage servicing settlement received roughly 1,100 complaints since March from borrowers reporting a slow uptake to the new rules, according to an official in the state attorney general office.
California AG Kamala Harris appointed...