BREAKING: Fannie Mae will buy 97% LTV mortgages

BREAKING: Fannie Mae will buy 97% LTV mortgages

Credit improvements leads to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
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Servicing

NTC study alleges up to 490,000 homeowners face inaccurate servicing records

Faulty data can be passed from servicer to servicer
Trey Garrison
National Title Clearing found that out of 2,285,665 servicing database records that were verified against the collateral file, 24,490 loans (1.07%) had significant discrepancies.
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American Housing Survey finds 1 in 3 homes is a rental

Majority of Americans get along with their next-door neighbors
Trey Garrison
One in every three single-family homes is a rental, lots are shrinking, and one in 10 homes has had a mice or cockroach problem. Homes have fewer physical problems than two years ago. Welcome to American housing.
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Executive Conversation: Peak Corporate Network specializes in servicing

Eli Tene and Gil Priel on understanding the needs of investors
Sarah Wheeler

Over 35 years’ experience in the industry and having survived three very strong cycles has taught us with each cycle how to mitigate the risk that comes with those changes.


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The shocking truths for homeowners struggling against foreclosure

Law firm: Wells Fargo case study allegedly reveals what they are up against
Trey Garrison
Several big banks have negotiated large settlements with the Department of Justice for their role in the housing bubble and subsequent economic collapse, but struggling homeowners shouldn't hold their breath waiting for relief.
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Looming layoffs at Bank of America signal shift in mortgage servicing

Impact already being felt throughout industry
Ben Lane
The impact of Bank of America's $16.65 billion settlement is beginning to be seen in the mortgage industry. The settlement will affect more than just the bank, the aggrieved homeowners and the government. It isn’t just the big banks that feel the pain of these settlements. It affects everyone.
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Sources: Wingspan CEO and founder Steve Horne ousted

Founded company in 2008
Ben Lane
Several sources have confirmed to HousingWire that Horne was removed from his position two weeks ago and failed in his recent efforts to be reinstated by the company he founded.
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Michael Waldron leaving Ballard Spahr for Bayview Loan Servicing

Will become chief compliance officer at Bayview
Ben Lane
Waldron has been with Ballard Spahr since late 2011, when he left the mortgage banking unit of Patton Boggs with Richard Andreano Jr. and John Socknat to form the mortgage banking group at Ballard Spahr.
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Wingspan furloughs Florida employees

Company admits it's just part of the mortgage servicing business
Ben Lane
Sources tell HousingWire that Wingspan also laid off dozens of employees at its Melbourne, Florida location last week. As with the Monroe layoffs, the Melbourne employees were reportedly told they were being “furloughed” by the company and could potentially be rehired if Wingspan acquires more business.
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Cleveland Fed: Fast-tracking zombie properties can reduce plague

Vacant foreclosures draw crime, cost millions – this could fix it
Trey Garrison
The Cleveland Federal Reserve is looking at a case in Ohio where the state legislature is looking to allow municipal corporations to file for summary foreclosure on vacant and abandoned residential properties.
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Radian: Mortgage delinquencies dropping

Book of new business increases
Jacob Gaffney
The news comes as no surprise as Monday Morning Cup of Coffee notes a Bank of America Merrill Lynch report finds business at the Federal Housing Administration, the government-backed mortgage insurance provider, is collapsing for various reasons.
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