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Articles in "Servicing"
The housing recovery is providing confidence to mortgage firms to finally close the chapter on the most troubled loans.
According to research from Barclays...
The mass transfer of loans to new servicers is apparently working to the benefit of residential mortgage-backed securities, with new servicers improving overall loan performance within pools, a research report from Opera Solutions suggested this week.
The data analytics...
HousingWire's Monday Morning Cup of Coffee takes a look at news from the weekend, with more coverage on bigger issues.
Bank of America reportedly is the subject of the most Consumer Financial Protection Bureau mortgage complaints and offered a large number of cures for...
California's top lawyer is constructing a legal task force to handle cases that could surface under the state's new Homeowner Bill of Rights.
California Attorney General Kamala Harris said the HBOR program issued a $1 million grant to the The National Housing Law Project. The funds will...
California's top lawyer is constructing a legal task force to handle cases that could surface under the state's new Homeowner Bill of Rights.
California Attorney General Kamala Harris said the HBOR program issued a $1 million grant to the The National Housing Law Project. The funds will...
The West Coast states of Oregon and California experienced the largest annual drops in unlisted foreclosures in the first quarter, according to RealtyTrac.
Could the steep declines be attributed to the California Homeowner Bill of Rights and new foreclosure laws in Oregon...
The Consumer Financial Protection Bureau launched the nation’s largest public database of consumer financial complaints Thursday. The move gives the public-at-large a first-hand look at how mortgage servicers and lenders handle various complaints from customers.
...
Two real estate analytics firms – CoreLogic and RealtyTrac – released foreclosure data Thursday, showing a lopsided housing recovery that is largely driven by local market economics and state-specific foreclosure procedures.
In other words, it’s difficult...
In its first-ever U.S. Foreclosure Inventory Analysis, RealtyTrac revealed that 1.5 million U.S. properties were actively in the foreclosure process or bank-owned in the first quarter of 2013.
This number was up 9% from the first quarter of...
The amount of borrowers underwater improved significantly during the tail end of last year, with the government-sponsored enterprises doing their best to prevent foreclosures.
However, regional challenges remain, as some states are still deeply delinquent.
Fannie Mae...
Loan quality on first-lien mortgages improved significantly in the fourth quarter of 2012, with the Office of the Comptroller of the Currency reporting that the number of loans in some stage of foreclosure fell below one-million for the first time in three years.
The OCC...
Servicers dealing with loans guaranteed or owned by Fannie Mae and Freddie Mac will soon be required to offer eligible distressed borrowers ways to lower their monthly payments if the homeowner shows a willingness and ability to make three on-...
The FHFA's attempt to prevent servicers and banks from receiving commissions and fees on force-placed insurance could marginally impact mortgage firm Walter Investment Management, Compass Point Research & Trading said Tuesday.
About 5% of Walter...
Mortgage industry leaders sent a letter to financial regulators asking them to resketch any portions of Basel III that could hinder mortgage lending and increase the cost of originating home loans.
The Mortgage Bankers Association and several other industry groups sent...
Always current mortgage borrowers who aggressively tackle their mortgage debts are less likely to default in many cases, creating a significant indicator of 'reduced credit risk' for investors in non-agency residential mortgage-backed securities, Credit Suisse analysts claim in...