Servicing

May 24, 2012
Fed releases foreclosure review plan for Ally

The Federal Reserve released a plan between Ally Financial and third party consultant PricewaterhouseCoopers, hired...

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The original lawsuit was filed last September and eventually was reclassified as a class-action suit so neighboring counties could sign onto the action. A judge dismissed five of 12 claims in the case.

Democrats want to expand HARP yet again, and Senate Republicans showed some support in a hearing Thursday. "I'm open to this. I hope that we'll have a real mark-up on this bill," said Sen. Bob Corker, R-Tenn.

They Said It

"Structuring the AG settlement credits this way makes it more of an additive for principal reduction," Kingsley said. "This way, more borrowers could potentially receive some form of reduced principal."

ReWired

HousingWire’s upcoming REO Expo in Fort Worth will be the site of more than just valuable information about the REO industry, it will also recognize the top REO portfolio managers in the nation.

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