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Articles in "Servicing"
Expect big changes at New Vista Asset Management as the San Diego-based REO asset management firm shifts its focus from default services to originations.
The firm’s co-founder and CEO Gary Acosta told HousingWire change is definitely afoot with New Vista's executive team...
The number of Americans in the foreclosure process plummeted by nearly 25% in the past year, according to Lender Processing Services First Look mortgage report for April.
The total delinquency rate for loans 30 days or more past due, but not yet in foreclosure, also fell...
States hit the hardest by the foreclosure crisis benefited the most from the multi-billion dollar national mortgage servicing settlement, according to first-quarter 2013 data released by Joseph Smith, an independent monitor overseeing the distribution of aid.
Smith released another report...
Servicers that took part in the 2012 National Mortgage Settlement have since distributed $50.63 billion in relief to more than 620,000 homeowners, Joseph Smith, the independent monitor overseeing the Office of Mortgage Settlement Oversight reported Tuesday.
That figure includes both...
Fannie Mae and Freddie Mac are working with the Federal Housing Finance Agency to align their disaster relief response in the midst of a massive tornado outbreak in Oklahoma and surrounding states.
The relief mechanisms deployed for...
Advisory firm MountainView Servicing Group is managing the sale of a $755 million Fannie Mae servicing portfolio along with another portfolio comprised of $395 million in Fannie Mae and Freddie Mac loans.
About 99.8% of the Fannie Mae...
This week Ginnie Mae proposed a change to its general buyout policy.
A key component would be to allow partial payments to advance rather than reset the borrower’s delinquency status, according to Sarah...
This week Ginnie Mae proposed a change to its general buyout policy.
A key component would be to allow partial payments to advance rather than reset the borrower’s delinquency status, according to Sarah...
The highest court in Alabama upheld a lower court opinion that previously validated the ability of Mortgage Electronic Registration Systems to legally assign a mortgage. The decision creates precedent in Alabama, giving MERS a strong legal buffer in the state when similar...
Hope Now, a private alliance of mortgage servicers, insurers and nonprofit counselors, released data showing 245,000 homeowners benefited from permanent loan modifications in the first quarter of 2013.
That is up 20% from an estimated 203,000 modifications in 1Q of 2012...
Home Loan Servicing Solutions, which purchases some mortgage business from sister company Ocwen Financial, is bringing a mortgage servicer advance receivable to the market.
The asset-backed securitization will be collateralized by Ocwen...
Home Loan Servicing Solutions, which purchases some mortgage business from sister company Ocwen Financial, is bringing a mortgage servicer advance receivable to the market.
The asset-backed securitization will be collateralized by Ocwen...
Freddie Mac’s decision to kick...
Freddie Mac’s decision to kick...
The U.S. mortgage delinquency rate is lower than it first appears when accounting for the number of mortgages delinquent for 180 days or more, credit bureau TransUnion claims in a new report.
These home loans are older vintages leftover from the...