News
Articles in "Servicing"
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...
Freddie Mac announced the immediate availability of its streamlined modification program for delinquent borrowers on Monday, pushing up the roll out from its originally...
The state of Massachusetts continues to benefit from rising home prices and foreclosure prevention efforts – two factors that caused foreclosure activity in the New England state to plummet 82% year-over-year in March, according to data from publisher The Warren Group.
...
Massachusetts Attorney General Martha Coakley rolled out a $1 million grant program to restore bank-owned properties leftover from the housing bust to eventually shift them back to the marketplace.
Coakley’s office is calling the initiative the Distressed Properties Indentification and...
The Obama Administration’s foreclosure mitigation programs provided relief to millions of distressed borrowers recovering from the housing market over the past four years.
The Making Home Affordable Program has assisted nearly 1.6 million homeowners since its inception in 2009, the Obama...
The Obama Administration’s foreclosure mitigation programs provided relief to millions of distressed borrowers recovering from the housing market over the past four years.
The Making Home Affordable Program has assisted nearly 1.6 million homeowners since its inception in 2009, the Obama...
The delinquency rate for mortgages on one-to-four unit residential properties grew 16 basis points from the fourth quarter of 2012 to the first quarter of 2013 even as the nation’s foreclosure inventory rate dropped to 3.55%, the Mortgage Bankers Association said Thursday....