eMASON Updated To Process HAMP Fallouts, Fannie Alt-Mods
eMASON has made several enhancements to its Clarifire application that the company says will allow servicers to respond more rapidly to federal loan...
Chase Opens Second Homeownership Center In Georgia
Chase will open its second Homeownership Center in Georgia this week, the bank says. The new center, located in Stockbridge, will provide one-on-one...
IMS Recognized Among Fastest-Growing Woman-Owned Businesses
Houston-based Integrated Mortgage Solutions (IMS), a collateral protection resource for the servicing industry, has been named one of the 50 Fastest Growing Woman-Owned/Led...
North Carolina Approves New Servicing Rules For Non-Banks
Mortgage rules adopted in March to reduce foreclosures have been approved by North Carolina's Rules Review Commission and will take effect for licensed...
Coalition Launches New Campaign To Fight Loan Mod Scams
The Loan Modification Scam Prevention Network - led by Fannie Mae, Freddie Mac, the Lawyers' Committee for Civil Rights Under Law and NeighborWorks...
Loss Mit Module Boosts iMS’ Reporting Capabilities
xplair Technology LLC, a provider of portfolio management software, has added a Loss Mitigation Midsourcing module to its illumair Management System (iMS). iMS...
IndiSoft’s RxOffice Addresses New HAMP Requirements
Technology developer IndiSoft LLC says it has enhanced its RxOffice platform to meet Home Affordable Modification Program (HAMP) request and income documentation requirements...
Wingspan’s Attorney Network Raises Funds For Project HOPE Foundation
At its first annual conference, held in Greenville, S.C., the Wingspan Preferred Attorney Network (WPAN), a group formed by Dallas-based specialty servicer Wingspan...
AMI: Second-Lien Holders Must Confront Conflicts Of Interest
A new statement from the Association of Mortgage Investors (AMI) calls on banks to be more transparent in accounting their second-lien modifications where...
Freddie Instructs Servicers To Forbear In Major Disaster Areas
Freddie Mac has announced that its full suite of mortgage relief policies for borrowers affected by disasters is being extended to families whose...
Calif. Foreclosure Activity Declines Again
A total of 81,054 notices of default (NODs) were recorded at county recorder offices in California during the first three months of the...
RoundPoint, MountainView Enter Strategic Servicing Agreement
Charlotte, N.C.-based RoundPoint Financial Group and Denver-based MountainView Capital Holdings LLC have entered an agreement whereby RoundPoint will assume responsibility for servicing MountainView's...
BofA Readies Zero-Payment Forbearance For The Unemployed
Bank of America is preparing to launch a program that would give unemployed borrowers an opportunity to stay in their homes payment-free for...
Walter Investment Purchases $11M Pool Of Performing Loans
Walter Investment Management Corp., a Tampa, Fla.-based real estate investment trust, has purchased a pool of residential first-lien mortgage loans valued at approximately...
LPS Announces Online REO Property Auction
Lender Processing Services Inc.'s (LPS) Auction Solutions division will conduct an online auction of bank-foreclosed homes located nationwide. The bid deadline is May...
ISGN, EquityRock Launch Equity-Sharing Mod Service
ISGN Corp. and EquityRock have partnered to introduce an equity-sharing loan modification service targeting underwater borrowers. The service, called Real Estate Shared Equity...
DJSP Enterprises Expands With Timios Acquisition
Plantation, Fla.-headquartered DJSP Enterprises Inc., a provider of processing services for the mortgage and real estate industries, has signed a definitive agreement to...
Five Brothers Releases Web-Based Document-Storage System
Warren, Mich.-based Five Brothers, a nationwide provider of commercial and residential mortgage technology solutions, has released IntelliStorage, a Web-based document-storage system. The system...
Michigan’s Hardest-Hit Funding To Subsidize Mortgage Payments For Unemployed
The Michigan State Housing Development Authority (MSHDA) plans to use federal funding to finance three new foreclosure-prevention initiatives: the Unemployment Mortgage Subsidy Program,...
Bayview, Ocwen Commit To HOPE LoanPort
HOPE LoanPort, the Web-based housing counselor tool that streamlines submission of completed loan modification applications, reports that Bayview Loan Servicing LLC and Ocwen...