Freddie To Auction Vegas And Inland Empire REOs
Freddie Mac and New Vista have announced plans to auction hundreds of the government-sponsored enterprise's real estate owned (REO) homes to individual home...
Legislation Addresses Conflicts Of Interest In Servicing
Last week, Reps. Brad Miller, D-N.C., and Keith Ellison, D-Minn., members of the House Financial Services Committee, introduced legislation that they say will...
ISGN Updates LenStar User Interface
ISGN Corp. has implemented a new user interface for LenStar, a Web-based attorney and referral communication system. The new interface has been designed...
New Counseling Programs Align With HAMP, HAFA
Springboard Nonprofit Consumer Credit Management, a Department of Housing and Urban Development-approved housing counseling agency, has launched two new counseling programs aligned with...
FDIC Announces Roundpoint As Winning Bidder Of $490M In Loans
The Federal Deposit Insurance Corp. (FDIC) has closed on a sale of an equity interest in a limited liability company (LLC) created to...
Proprietary Mods Outpace HAMP Mods In February
More than 95,500 homeowners received proprietary loan modifications - i.e., non-Home Affordable Modification Program mods - in February, according to new estimates from...
Vermont AG Reaches Settlement With Countrywide
Vermont Attorney General William H. Sorrell has entered into a settlement with Bank of America's Countrywide Financial Corp. to resolve any claims that...
Fannie Mae Announces Servicing Policy Changes
Fannie Mae has announced several servicing policy changes in its Tuesday letter to servicers. The letter addresses foreclosure actions in the name of...
Retreat Capital Adds Property Preservation Services
Retreat Capital Management Group, a provider of loss mitigation and portfolio management products, is now offering property preservation services to its clients. Through...
First Associates Implements Altisource’s REALRemit System
Altisource Portfolio Solutions, an end-to-end provider of products and services for the mortgage industry, reports that San Diego-based consumer loan servicing firm First...
Mortgage Investors Back Government’s New FHA Refi Plan
The Association of Mortgage Investors, which represents institutional investors and asset managers that hold mortgage securities, has thrown its support behind the program...
M&I Extends Foreclosure Moratorium Through June
Marshall & Ilsley Corp. (M&I) has extended its foreclosure moratorium an additional 90 days, through June 30. The moratorium, announced initially in December...
Stewart Offers Support Services On HAMP Directives
Stewart Lender Services (SLS), a wholly owned subsidiary of Stewart Title Co., has announced a new service designed to help national lenders and...
Asset Manager Completes SAS 70 Type II
Irvine, Calif.-based Financial Asset Services Inc. (FAS), a national asset management company, has successfully completed a SAS 70 Type II audit. By meeting...
Study Shows Owner-Occupancy A Key Indicator Of Loan Performance
While investors previously relied on reported loan-level owner-occupancy data as a primary indicator of mortgage default and delinquency, increased mortgage fraud among recent...
Business Process Outsourcer Teams With E-Mod Provider
Intelenet Global Services, a provider of business process outsourcing support services, has partnered with SigniaDocs Inc. to offer a scalable e-modification solution for...
New Broker Portal Reduces REOs’ Days On Market
Mortgage Contracting Services (MCS), a nationwide property preservation and inspection services provider to the financial services industry, has launched Broker360, a Web-based portal...
IndiSoft Expands With New Washington, D.C., Location
IndiSoft LLC, a technology development firm focused on default-servicing systems, has opened an office in Washington, D.C., to meet the growing demand for...
Average Underwater Borrower Won’t See Positive Equity Until 2016
The typical U.S. homeowner who is in a negative-equity position will not experience positive equity until late 2015 to early 2016, according to...
OCC/OTS Report On Q4 Foreclosure Prevention
Performance on home mortgages serviced by the largest national banks and federally regulated thrifts declined for the seventh consecutive quarter in the fourth...