Eyeing Solutions For Unemployed Borrowers
BLOG VIEW: Months after a consensus was formed that unemployment and under-employment, and not exotic loan products, are underpinning the current foreclosure crisis, the...
Can Improved Due Diligence Reanimate The Secondary Market?
REQUIRED READING: New legislation that would overhaul the nation's financial regulatory structure has caught the attention of just about everyone in the nation's financial...
LPS’ Herb Blecher On Mod Performance, Cure Rates And Seasonal Spikes
PERSON OF THE WEEK: Lender Processing Services Inc.'s May 2010 Mortgage Monitor Report, released this week, shows that delinquencies are increasing and deterioration ratios...
Uncovering Fraud In Nonperforming Loans
REQUIRED READING: When you look for fraud, you might be surprised at how often you can link the payment issues with a misrepresentation in...
Is The Reverse Mortgage Market Beginning To Slow Down?
REQUIRED READING: After many years of accelerating growth, the reverse mortgage sector appears to be running into problems. This development could prove to be...
Dan Titcomb Looks Ahead To The Second Half Of 2010
PERSON OF THE WEEK: We've come to the second half of 2010, but where does the industry stand at this midway point of the...
Wanted: Good News About Reverse Mortgages
BLOG VIEW: Last week, the National Foundation for Credit Counseling (NFCC) put out a press release with a rather amazing headline: 'Reverse Mortgage Could...
Mapping Out A Smooth Voyage Into Mandatory Execution
REQUIRED READING: Lenders need to take a hard look in the mirror when they consider switching from best-efforts to mandatory loan executions. They...
A Servicer’s Take On The SAFE Act Test
ing spent the bulk of his mortgage career in servicing departments, Ryan LaRose did not have a wealth of origination experience to fall back...
GAO Report Observes HAMP Inconsistencies
ama administration's federal loan modification program has been plagued by inconsistent servicer behavior and unclear guidance from the U.S. Treasury Department, a new report...
As Mediations Take Hold, Servicers Seek To Improve The Process
REQUIRED READING: With nearly one in eight mortgages either delinquent or in the foreclosure process right now, the social momentum and legislative motivation to...
Treasury Approves First-Round HFA Plans
housing finance agencies (HFAs) in Arizona, California, Florida, Michigan and Nevada can begin to use $1.5 billion in 'Hardest Hit Fund' foreclosure prevention funding...
Would You Buy A House From Justin Bieber?
BLOG VIEW: Anyone who pays attention to popular culture will affirm that teen singing sensation Justin Bieber has the ability to sell CDs and...
Valuation Alternatives Emerge, As BPOs Hold Court
REQUIRED READING: Broker price opinions (BPOs) - by most estimates, the dominant valuation tool in pre-foreclosure scenarios - are not without their detractors. This...
High-Tech Creativity: Teach An Old LOS New Tricks
REQUIRED READING: In the past decade, the mortgage industry has been bombarded with complex and complicated technologies that were marketed with promises of achieving...
Fraudsters Always ‘Follow The Money,’ Says Interthinx’s Fulmer
PERSON OF THE WEEK: A new report published by Interthinx last week declared that mortgage fraud risk is the highest it's been since 2004....
Putting Financial Literacy Back Into The CRA Process
BLOG VIEW: After my column last week that questioned whether recent surveys on low to nonexistent savings by consumers and inadequate financial literacy by...
Have Underwriting Standards Become Too Tight?
REQUIRED READING: John Walsh does not need to be convinced that underwriting standards are tight - he discovered that the hard way when a...
A Blended Approach To Default Management
BLOG VIEW: One of the main editorial topics featured in the upcoming July 2010 edition of Servicing Management is default outsourcing. In the issue,...
What May Lie Ahead With Nevada’s FMP
REQUIRED READING: The state of Nevada has finally unveiled new rules for its Foreclosure Mediation Program (FMP). Under this relatively new program, homeowners and...