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Articles in "Servicing"
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...
NeighborWorks America, a nonprofit that focuses on homeownership and aiding distressed borrowers, awarded state housing finance agencies and counseling organizations $70.1 million in funding, enough to aid roughly 193,000 troubled homeowners.
The grants will assist 30...
Approximately 69,000 reports of potential mortgage fraud surfaced in 2012, a steep 25% decline from 92,000 reports in 2011, Jennifer Shasky Calvery, director of the Financial Crimes Enforcement Network, said Monday.
But this steep drop should not be construed as...
The Rhode Island Supreme Court upheld the Mortgage Electronic Registration Systems right to foreclose as an agent of the actual promissory note holder this week.
The case creates precedent in Rhode Island by granting the real estate registry foreclosure authority as an...
Despite improvements in the overall economy, America’s lower-income communities continue to face hard times, said Ben Bernanke, chairman of the Federal Reserve.
As a result, aiding low-income neighborhoods requires a "multipronged approach" focusing on various...
Despite improvements in the overall economy, America’s lower-income communities continue to face hard times, said Ben Bernanke, chairman of the Federal Reserve.
As a result, aiding low-income neighborhoods requires a "multipronged approach" focusing on various...
U.S. Sen. Barbara Boxer, D-Calif., sent a letter to federal officials urging them to investigate allegations that banks are not fully complying with servicing standards laid out in the National Mortgage Settlement.
The huge $25 billion-plus...
Proposed legislation designed to end the practice of dual tracking in Colorado died in committee this week.
The Colorado House Committee on Business, Labor, Economic & Workforce Development postponed House Bill 1249 indefinitely, stalling efforts to revamp how banks foreclose in...
U.S. Sen. Elizabeth Warren sparred with prudential regulators on Capitol Hill, suggesting the recent $9.3 billion independent foreclosure review settlement...
With a title like America’s Foreclosure Capital, it’s no surprise that Florida posted the nation’s highest state foreclosure rate for the seventh consecutive month, with one out of every 104 housing units facing foreclosure, according to...
With a title like America’s Foreclosure Capital, it’s no surprise that Florida posted the nation’s highest state foreclosure rate for the seventh consecutive month, with one out of every 104 housing units facing foreclosure, according to...