Modifications Grew 46% Compared To April 2009
han 104,000 borrowers received proprietary modifications during the month of April, bringing the year-to-date total for these types of loan modifications to 409,783, according...
Walter Investment Completes $8.6M Residential Loan Pool Purchase
Investment Management Corp. has completed the purchase of a pool of residential first-lien mortgage loans for approximately $8.6 million, utilizing proceeds from its...
Freddie Mac Also Releases HAFA Guidance
Mae was not alone in announcing its version of the Home Affordable Foreclosure Alternatives (HAFA) program Tuesday. Freddie Mac, in Servicer Bulletin No....
BofA Implements Principal Reductions Under NHRP
f America has begun implementation of an earned principal-forgiveness approach to modifying certain loans eligible for its National Homeownership Retention Program (NHRP). The plan...
Fannie Introduces Its Version Of HAFA
ong-anticipated move, Fannie Mae has formally introduced its version of Home Affordable Foreclosure Alternatives (HAFA), the federal short-sale and deed-in-lieu program. HAFA, introduced as...
BofA Opens First Of Three Nevada Outreach Centers
http://newsroom.bankofamerica.com/index.php?s=43&item=8718]Bank of America has opened the first of three outreach centers to serve Nevada mortgage customers who are experiencing financial hardship and seeking loan...
LenderLive Partnerships Support New Short-Sale Services
Live Network Inc., a provider of business process outsourcing, has expanded its existing loss mitigation initiatives to include the launch of LenderLive Default Solutions,...
90-Day Default Rate Stable, LPS Reports
http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx]Lender Processing Services Inc.'s (LPS) latest Mortgage Monitor report indicates that signs of stabilization in the nation's home loan delinquency and foreclosure rates remain...
NeighborWorks: Job Loss Affects More Than Half Of Borrowers Facing FC
eight percent of homeowners who received foreclosure counseling through the National Foreclosure Mitigation Counseling (NFMC) program reported the primary reason they were facing foreclosure...
Ocwen To Buy Barclays’ HomEq
-based Barclays Bank PLC on Friday agreed to sell HomEq Servicing, its U.S. mortgage servicing business, to Ocwen Loan Servicing LLC, a subsidiary of...
Genworth FC Prevention Efforts Hit 12-Month High
e mortgage insurer Genworth Financial helped prevent almost $3.4 billion in mortgages from going into foreclosure in the 12 months ending March 31, the...
Fitch Upgrades SunTrust’s Primary Servicer Rating
Ratings has upgraded SunTrust Mortgage Inc.'s residential primary servicer rating for prime product to RPS2+ from RPS2. The rating is based on the company's...
$1M Grant Supports NeighborWorks America Counselors
rWorks America has received a $1 million grant from the Rockefeller Foundation in support of infrastructure development and upgraded technical support for nonprofit housing...
VA Revises Loan Modification Guidelines; HAMP As Inspiration
S. Department of Veterans Affairs (VA) has issued revised instructions for modifying VA-guaranteed home loans in accordance with the Making Home Affordable (MHA) program....
Green River Capital Launches Short-Sale Management Division
River Capital, a real estate owned (REO) asset management and loss mitigation provider, has launched a company that will focus exclusively on short-sale program...
ISGN Releases LenStar Plus Mortgage Default Management Technology
orp., a provider of technology products and services to the mortgage market, has released LenStar Plus, a workflow solution for managing, automating and streamlining...
MCS Expands In Dallas
Mortgage Contracting Services (MCS), a provider of property preservation, inspection and REO asset management services, has expanded its Dallas office space to support...
Survey Finds Consumers Less Willing To Buy REOs
Consumers are less willing to buy foreclosed properties today than they were one year ago, a new survey finds. According to a Harris...
RxOffice Platform Adds Address Verification Functionality
IndiSoft LLC's RxOffice platform now offers automated U.S. Postal Service (USPS) address verification, the Columbia, Md.-based tech provider says. For clients using USPS,...
NSA Delinquency Rates Fall
On a non-seasonally adjusted basis, the combined percentage of loans in foreclosure or at least one payment past due was 14.01% in the...