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...
PennyMac Highlights Recent Transactions
PennyMac Mortgage Investment Trust (PMT) reports that it recently closed the purchases of mortgage whole loans valued at $50 million. The real estate...
Citi Commits To Second-Lien Mod Program
Citi has committed to participating in the federal government's Second Lien Modification Program (2MP), becoming the fourth servicer to do so. 'It is...
Default Services Technologies Updates REO Servicing Platform
Default Services Technologies (DST) has launched DispoSolutions 3.0, a new version of its Web-based real estate owned (REO) servicing platform. Developed in collaboration...
While Consumers Claim TARP Abuse, BofA Plans Changes To Mod Programs
Bank of America is expected to announce today enhancements to its modification programs that are designed to assist several underwater borrowers. 'These enhancements...
HAMP Measurements Are Insufficient, TARP Watchdog Says
Gauging the success of the Home Affordable Modification Program (HAMP) by the number of trial modification offers is insufficient, according to the Office...
Chase Added To 2MP Lineup
Chase says it will join the second-lien program of the federal government's Home Affordable Modification Program (HAMP). The Second-Lien Modification Program (2MP) is...
Counseling Agency Expands Use Of HOPE NOW Portal
HomeFree-USA reports that 32 of its affiliates have signed on to use HOPE NOW's HOPE LoanPort Web portal. The portal, introduced in a...
NCCI Now A Minority-Owned Business
National Creditors Connection Inc. (NCCI) has received official designation as a certified minority-owned business, joining 3,600 other national companies that share this certification....
First ROOF Agreement Signed In Detroit
Rochester Hills, Mich.-based Potestivo & Associates PC has announced the signing of the first Retaining Occupancy on Foreclosure (ROOF) agreement, which was introduced...
Aged Reconciliation Items Prompt Moody’s Review
Moody's has placed on review for possible downgrade the AAA ratings of the Series 2009-ADV2 notes issued from AH Mortgage Advance Trust 2009-ADV2...
FHA Awards M&M III Contract, Centralizes Conveyance Process
The U.S. Department of Housing and Urban Development (HUD) says it is contracting with Michaelson, Connor & Boul Inc. (MCB) of Huntington Beach,...
Fannie Mae Introduces ‘Alt Mod’
Fannie Mae has instructed its servicers to consider its new Alternative Modification (Alt Mod) prior to foreclosing on borrowers who have made trial...
New Trade Group Dedicated To Women In Default Servicing
Women in Default Services Inc. (WinDS) has launched a Web site - www.womeninds.com - in conjunction with its debut as 'the premier default...
PHH Mortgage Uses BackInTheBlack To Streamline HAMP Activity
PHH Mortgage, a subsidiary of PHH Corp., is now using UTLS Technology Service's BackInTheBlack Fannie Mae-certified workout solution for the Home Affordable Modification...
Iowa AG Fights To Keep Mortgage Help Hotline Afloat
Iowa Attorney General Tom Miller has implored the state's legislature to allocate funding to keep the Iowa Mortgage Help (IMH) Hotline afloat. The...
Wells Fargo Becomes Second Servicer To Sign 2MP Agreement
Wells Fargo & Co. has signed on to the Second-Lien Modification Program (2MP) component of the Obama administration's Home Affordable Modification Program (HAMP),...
Equator Launches HAFA Solution
Equator has launched a Home Affordable Foreclosure Alternatives (HAFA) software solution to help servicers comply with the upcoming short-sale program. HAFA, an offshoot...
GOP Attacks HAMP Transparency
Two Congressional Republicans have lodged complaints with Treasury Secretary Tim Geithner, accusing the Treasury of misleading the general public about the success of...
HUD Announces Tier Ranking Scores For Round 38
The Department of Housing and Urban Development released its servicer Tier Ranking Scores for Round 38 last week. The scores, which determine if...