HUD Seeks More NSP Funding, Announces ‘Recapture’ Process
The Obama administration plans to work with Congress to secure additional funding for the U.S. Department of Housing and Urban Development's Neighborhood Stabilization...
Ocwen Says HAMP Success Due To Up-Front Doc Collection, Technology
Subprime servicer Ocwen Financial Corp. says its success in converting trial loan modifications to permanent status under the Home Affordable Modification Program (HAMP)...
Mortgage Loan Defaults Fall, While Bank-Card Defaults Rise
Data through April 2010, released this week by Standard & Poor's and Experian for the S&P/Experian Consumer Credit Default Indices - a measure...
MDS, IMDI Partner On Mortgage Servicing Analysis
Mortgage Delivery Specialists LLC (MDS), a provider of agency mortgage delivery services and mortgage servicing rights acquisition due diligence, and Indecomm-Mortgage Dynamics Inc....
Zenta Launches HAFA-Compliant Program
Business process outsourcing company Zenta has developed a short-sale program that it says complies with the federal Home Affordable Foreclosure Alternatives (HAFA) program....
Interthinx Unveils Automated Collateral Risk Product
Interthinx, a subsidiary of Verisk Analytics, has released ValueGUARD, an automated collateral risk solution that leverages data analytics to identify the potential risk...
MRG Document Technologies Launches REO Document Package Capability
MRG Document Technologies has launched within its mortgage document preparation system the capability to generate real estate owned (REO) document packages. Through Miracle...
Fannie Mae Releases Workout Evaluator For HAMP Mods
Fannie Mae has introduced Workout Evaluator, a new Web-based technology tool that the company says automates key functions required of servicers to evaluate...
Former U.S. Mortgage Servicing Manager Pleads Guilty To Wire Fraud
An East Stroudsburg, Pa., man pleaded guilty last week to a wire fraud charge in connection with the $136 million fraud scheme that...
Equator Launches Short Sale Certification Program
Equator, a provider of default servicing technology solutions, has launched its Short Sale Certification Program to assist real estate agents with the increasing...
Stewart Announces Integrated App For LPS SoftPro For Title Agencies
Stewart Title Guaranty Co. has integrated its technology with Lender Processing Services' (LPS) SoftPro, a real estate closing and title insurance software. George...
Center Recognizes Sterling National For Customer Service
Atlanta-headquartered Sterling National Corp., a specialty insurance solutions provider, has received its fourth consecutive 'Call Center of Excellence' certification from BenchmarkPortal's Center for...
April HAMP Report Highlights Conversion-Rate Disparities
Federal Home Affordable Modification Program (HAMP) data released Monday show 295,348 active permanent loan modifications through the end of April. Almost 68,000 of...
April Marks BofA’s Biggest HAMP Conversion Month To Date
Bank of America has completed about 56,400 permanent mortgage modifications under the Home Affordable Modification Program (HAMP), and has now completed a total...
Fitch Studies Delinquency-Negative Equity Correlation
While mortgage performance in California is not substantially different than that of the U.S., a closer look reveals dramatic differences among various regions...
New HAMP Directive Details Unemployment Program
The U.S. Treasury Department on Tuesday issued Supplemental Directive 10-04, which formally introduced the previously announced Home Affordable Unemployment Program (UP). The program...
Citi Joins HOPE LoanPort Roster
HOPE LoanPort, a Web-based housing counselor tool that streamlines the submission of completed loan modification applications, reports that Citi has agreed to use...
Mesa Law Group, Investors Finance Partner On Loan Mod Alternative
California-based law firm Mesa Law Group has partnered with Investors Finance Inc. to provide the firm's Home Owner Mortgage Restructuring (HOMR) program. Designed...
CoreLogic Reports Slight Decline In Negative Equity
More than 11.2 million mortgaged homes were in negative equity at the end of the first quarter - down slightly from the 11.3...
Fitch: Alt-A RMBS Delinquencies Fall For First Time Since 2006
Serious delinquencies for Alt-A residential mortgage-backed securities (RMBS) declined for the first time in four years in April, according to the latest Performance...