News
Articles in "Servicing"
Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure in Chicago are now required to provide an option to renew the lease or offer relocation assistance to a "qualified tenant." This is according to a new city ordinance that is reshaping tenant's...
Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure in Chicago are now required to provide an option to renew the lease or offer relocation assistance to a "qualified tenant." This is according to a new city ordinance that is reshaping tenant's...
Bank of America is prepared to address allegations from former employees who claim the mega bank routinely stalled the application process for the government’s Home Affordable Modification Program and wrongfully informed homeowners about the status of documents already on file...
Bank of America is prepared to address allegations from former employees who claim the mega bank routinely stalled the application process for the government’s Home Affordable Modification Program and wrongfully informed homeowners about the status of documents already on file...
The Virginia Fourth Court of Appeals upheld a lower court ruling in Roanoke that a mortgage servicer can legally foreclose, even if a borrower claims they are told something otherwise.
The McFadden v. Fed. Nat'l Mortg. Ass'n (4th Cir., 2013) case pits oral promises versus written...
The Virginia Fourth Court of Appeals upheld a lower court ruling in Roanoke that a mortgage servicer can legally foreclose, even if a borrower claims they are told something otherwise.
The McFadden v. Fed. Nat'l Mortg. Ass'n (4th Cir., 2013) case pits oral promises versus written...
Ocwen Loan Servicing entered into a mortgage servicing rights purchase and sale agreement with OneWest Bank.
Ocwen ($45.12 0%...
Ocwen Loan Servicing entered into a mortgage servicing rights purchase and sale agreement with OneWest Bank.
Ocwen ($45.12 0%...
Foreclosures inched up 2% to 148,054 filings in May, according to RealtyTrac’s foreclosure report.
Despite the slight increase, foreclosures are still down 28% from May 2012.
The minuscule increase is attributed to an 11% month-over-month increase in bank...
The mortgage modification landscape is fundamentally changing thanks to the housing recovery.
For the next 12 months, mortgage modification activity will continue to decline as both payment relief and principal reductions reverse the four-year trends of increases, according to...
The mortgage modification landscape is fundamentally changing thanks to the housing recovery.
For the next 12 months, mortgage modification activity will continue to decline as both payment relief and principal reductions reverse the four-year trends of increases, according to...
Approximately 850,000 more residential properties returned to a state of positive equity during the first quarter of 2013, according to the CoreLogic first quarter home equity report.
The total number of mortgaged residential properties with positive equity stands at 39...
Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.
Almost inevitably, perhaps, reaction to...
Florida’s governor signed a much-discussed foreclosure bill Friday, enacting a series of provisions aimed at speeding up the default process in the state.
While the legislation is considered a response to Florida's untimely foreclosure timelines, it's a big shift that has attracted a...
The Obama Administration’s foreclosure mitigation programs continue to benefit millions of homeowners as the housing market gains momentum.
The Making Home Affordable Program has assisted more than 1.6 million homeowners since its inception in 2009, the Obama Administration said in its...