Report: BofA Awaiting Verdict In Utah
Clark Waddoups, of the Salt Lake City Federal Court, is expected to rule today on whether Bank of America and certain subsidiaries can move...
Fitch Removes Nationstar’s Ratings From Rating Watch Evolving
Ratings has updated the residential primary servicer rating for subprime product for Nationstar Mortgage LLC at RPS2- and removed the company's ratings from Rating...
RxOffice Platform Tops 18M Transactions
ft LLC says its RxOffice platform has processed more than 18 million transactions since 2008. The company also reports that it is in the...
REOs Set New Monthly Record
osure filings, as recorded by RealtyTrac, were reported on 322,920 properties in May - a 3% decrease from April and less than a 1%...
NFCC: Consumers Still Prioritize Mortgages Over Other Debt Obligations
erwhelming majority of consumers, even those in financial distress, still consider their mortgage payment a priority, concludes the National Foundation for Credit Counseling (NFCC)...
CoreLogic To Provide Foreclosure Data For Yahoo! Real Estate
gic says it will provide foreclosure data and property information to Yahoo! Real Estate's foreclosure service. Yahoo! Real Estate provides users with nationwide distressed...
Vendor Expects HAFA Requests To Double Following GSE Announcement
esolution Corp. says the number of Home Affordable Foreclosure Alternatives (HAFA)-related requests assigned to it has exceeded 10,000 since April 5, the first day...
BofA Trustee’s Sales Halted In Utah
ed to include comments from Bank of America) On May 22, a St. George, Utah, judge filed a preliminary injunction against Bank of America...
HUD Selects Vendors For REO Marketing, Field Services
los LP, a Dallas-based real estate services and technology firm, has been selected by the U.S. Department of Housing and Urban Development (HUD) to...
N.Y. Fed Researchers Study ‘Effective’ Rate Of Homeownership
rge will the decline in the homeownership rate ultimately prove to be? That's the question that three authors raise in a new study published...
Green River Capital Grows BPO Presence In Distressed Marketplace
alley, Utah-based Green River Capital (GRC) has launched a full-service valuation company, Infinity Valuation Services (IVS). With a focus on loss mitigation and real...
Ohio House Passes Bill That Would Speed Sheriff’s Sale
039;s House of Representatives last week passed a bill that would require servicers to initiate a sheriff's sale within 60 days of a clerk's...
Subprime, Alt-A Delinquencies Drop
uency declines continued for both U.S. Alt-A and subprime residential mortgage-backed securities (RMBS) last month, according to the latest Performance Metrics results from Fitch...
FHA Serious Delinquency Rate At 8.5% In April
+ day delinquency rate for mortgages insured by the Federal Housing Administration (FHA) fell slightly in April, totaling 8.5% (527,504 loans), according to the...
Calif. Senate Passes Foreclosure Prevention Bill
rnia's Senate Bill 1275 (S.B.1275), which allows for limited remedy for certain eligible homeowners whose homes are erroneously sold at foreclosure, was passed out...
FTC, Countrywide Reach $108M Settlement Over Servicing Practices
untrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission (FTC) charges that they collected excessive fees from borrowers who were...
VA Encourages Forbearances For Drywall Victims
S. Department of Veteran Affairs (VA) is strongly encouraging servicers of VA-guaranteed loans to extend forbearance for at least six months to veterans experiencing...
Philadelphia-Area Counselor To Use DMM
er Credit Counseling Service of Delaware Valley (CCCSDV), a housing counseling and mediation provider for borrowers in the Philadelphia and Greater Delaware Valley area,...
Bank Of America Joins HOPE LoanPort Roster
f America has agreed to use HOPE LoanPort, a Web-based housing counselor tool created by HOPE NOW, to streamline the submission of completed loan...
R.I., Oregon Outline HFA Plans
ousing finance agencies (HFAs) had until this past Tuesday to submit proposals for how they would use federal funding to combat foreclosures in their...