Servicing

June 18, 2013

Parties foreclosing on Chicago rentals face new obligations

Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure are now required...

Ex-BofA employees allege mishandling of HAMP applications

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.

They Said It

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"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."

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The Ticker

» Lawmaker pushes for probe of BofA's HAMP practices

» RMBS auction failures reach most this year

» Former first daughter Chelsea Clinton lists NY Flatiron condo

» CMBS sales may lose $15B on rising interest rates: S&P

» How to attract your next wave of sellers

» Goldman Sachs can't dodge MBS case

» Residential REITs become the financial losers

» April home prices rise at a faster pace

» VIDEO: MBA CEO Stevens speaks out on rising mortgage rates

» Private equity firms dominate rental loans space

Servicing News

Ocwen enters massive MSR agreement with OneWest Bank

RealtyTrac: May foreclosures inch up 2%

Housing recovery evolves mortgage modification landscape

CoreLogic: Nearly 1 million houses float back into positive equity

Monday Morning Cup of Coffee: Mixed reactions on Florida foreclosure bill

Florida governor signs bill to speed up state's foreclosure process

Foreclosure programs aid 1.6 million homeowners: Obama Scorecard

Oregon bankers find path back to non-judicial foreclosures

ReWired

The pending mortgage servicer shakeout

No one can deny that the last few years have been good for companies that are in the mortgage servicing business. But as the U.S. economy continues to recover and historic default and foreclosure rates normalize, some of the firms in this space are feeling the pressure to offer more in order to maintain their business levels.

June Cover Story

Virtual realty: HousingWire's top 50 real estate tech solutions

HousingWire introduces its inaugural RETech:50 highlighting the accomplishments of 50 technology-driven real estate companies.

Feature

Private-label RMBS trailblazer Redwood Trust sets aggressive issuance pace

by Christina Mlynski

There are only a handful of consistencies investors can rely on in the private-label market these days. Redwood Trust issuing at least one residential mortgage-backed securities deal a month is one.

Commentary

Too big to fail remains issue

by David Altig

As Federal Reserve Chairman Ben Bernanke has indicated, too-big-to-fail remains a major issue that is not solved, but "there’s a lot of work in train."

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