News

Articles in "Servicing"

August 15, 2012 12:56 PM
San Bernardino to consider next step on eminent domain plan

An agency set up by San Bernardino County officials will determine Thursday if the local government will go ahead with a controversial plan to seize underwater mortgages through eminent domain.

The proposal first surfaced in the California county earlier this summer. The government there...

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August 15, 2012 12:23 PM
San Bernardino to consider next step on eminent domain plan

An agency set up by San Bernardino County officials will determine Thursday if the local government will go ahead with a controversial plan to seize underwater mortgages through eminent domain.

The proposal first surfaced in the California county earlier this summer. The government there...

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August 14, 2012 02:40 PM
RealtyTrac names new CEO

Jamie Moyle will become the new CEO of RealtyTrac, the online foreclosure database and analytics firm.

Moyle joined the company last year as he put together the sale of Homefacts, a consumer due diligence company he founded. RealtyTrac bought Homefacts in...

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August 14, 2012 02:33 PM
RealtyTrac names new CEO

Jamie Moyle will become the new CEO of RealtyTrac, the online foreclosure database and analytics firm.

Moyle joined the company last year as he put together the sale of Homefacts, a consumer due diligence company he founded. RealtyTrac bought Homefacts in...

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August 14, 2012 06:08 AM
Nationstar profit soars as servicing portfolio triples

Nationstar Mortgage Holdings ($43.15 0.18%) earned a higher profit in the second quarter from the year-ago period as its mortgage servicing...

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August 10, 2012 06:23 PM
Countrywide loan credit improving without significant modifications

The credit performance on Countrywide loans serviced by Bank of America ($13.38 0.065%) is improving at a rate faster than loans serviced by...

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August 10, 2012 05:49 PM
Countrywide loan credit improving without significant modifications

The credit performance on Countrywide loans serviced by Bank of America ($13.38 0.065%) is improving at a rate faster than loans serviced by...

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August 9, 2012 11:15 PM
CFPB proposes new mortgage servicing rules

The Consumer Financial Protection Bureau proposed the first set of national mortgage servicing regulations nearly two years after widespread foreclosure abuses surfaced.

The bureau will take comment on the rules until Oct. 9 and plans to make them effective Jan. 21....

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August 9, 2012 05:54 PM
CFPB proposes new mortgage servicing rules

The Consumer Financial Protection Bureau proposed the first set of national mortgage servicing regulations nearly two years after widespread foreclosure abuses surfaced.

The bureau will take comment on the rules until Oct. 9 and plans to make them effective Jan. 21....

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August 9, 2012 03:50 PM
US Bank sets aside $130 million for potential mortgage servicing settlement

U.S. Bank ($35.28 -0.095%) is in talks with the Justice Department and state attorneys general to sign onto the $25 billion...

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August 9, 2012 03:49 PM
US Bank sets aside $130 million for potential mortgage servicing settlement

U.S. Bank ($35.28 -0.095%) is in talks with the Justice Department and state attorneys general to sign onto the $25 billion...

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August 9, 2012 08:50 AM
RealtyTrac: Foreclosure filings fall 3% in July, down 10% from a year ago

Foreclosure filings on U.S. properties declined 3% from June to July, with 191,925 properties facing a notice last month, RealtyTrac said Thursday.

Filings also declined 10% from year-ago levels. The falling foreclosure activity levels are attributed to a...

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August 8, 2012 04:22 PM
Fannie Mae to end foreclosure mediation program in Florida

Fannie Mae will no longer require mortgage servicers and attorneys in Florida to determine whether a borrower is eligible for a meeting with the bank before filing a foreclosure beginning in October.

The government-sponsored enterprise developed the policy in August 2010...

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August 8, 2012 04:11 PM
Fannie Mae to end foreclosure mediation program in Florida

Fannie Mae will no longer require mortgage servicers and attorneys in Florida to determine whether a borrower is eligible for a meeting with the bank before filing a foreclosure beginning in October.

The government-sponsored enterprise developed the policy in August 2010...

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August 8, 2012 02:06 PM
Government-held REO drops 18% from last year

Government agencies shed their inventory of repossessed homes by more than 18% over the past year, according to an analysis of their financial reports.

Fannie Mae, Freddie Mac and the Department of Housing and Urban Development combined...

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