Clearing The Confusion Surrounding The SCRA
The impact that active military service can have on the lives and livelihoods of service members is well documented. The dangers, rigors and...
What Can Be Learned From The Canadian Experience?
A variation of the old cliche about how the grass always seems greener in the neighbor's yard has taken place in the North...
Customer-Satisfaction Study Highlights Communication Breakdown
Compared to the origination side of the industry, mortgage servicing is failing to meet best practices on a consistent basis, the 2010 U.S....
Council Presents Multifamily Policy Recommendations
As the U.S. economy continues taking steps toward recovering from the recession, major planned changes to government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
Judiciary Urges Better Communication In Bankruptcy
The main obstacle to the timely and cost-efficient resolution of bankruptcy cases is a lack of effective communication among counterparties, panelists told attendees...
Using Your Website To Boost Origination Volume
Everyone knows that a website is an essential marketing tool for a business. Yet strangely, too many people do not know how to...
Are Short Sales The Key To A Housing Recovery?
style='' size='5'>Short sales have evolved as a strategy over the last year at a rate that would have dizzied Charles Darwin. Those of us...
Fair-Lending Principles Must Underpin Loss Mit
style='' size='5'>Servicers face an increasingly challenging business environment. According to the Mortgage Bankers Association's 2009 Q4 National Delinquency Survey, nearly 9.47% of loans are...
CDFIs Stand Up To The Economic Crisis
tion's community development financial institutions (CDFIs) are receiving a greater level of recognition, including a new infusion of federal funding to bolster their mission...
Hazard Insurance Recovery: A Regulatory Overview
Although there are several regulatory aspects of the hazard insurance industry of which servicers should be considerate, the biggest change is that regulators...
Mediation Arrives In Maryland
Maryland has implemented non-mandatory mediation into its foreclosure process, in an attempt to keep Marylanders in their homes and paying their loan obligations....
Short-Sale Departments Hone In On Fraud
As short sales absorb a larger role in foreclosure prevention, concerns about possible increased occurrences of fraud persist. From valuation fraud to post-transaction...
The Fed Fights For Its Turf
As part of the roll-up to the current debate over financial regulatory reform, the leaders of the Federal Reserve System went on the...
MHA Compliance Audits: Is Your Shop Ready?
In the year since Making Home Affordable's (MHA) inception, servicers have repeatedly asked the same question: How do you comply with a program...
Has The Loss Mit Drive Already Peaked?
Despite numerous improvements in the area of default management - including significant increases in servicers' loss mitigation staff and greater emphasis on payment-reducing...
Is Alt-A Ready For A Second Look?
Last month's news that Moody's Investors Service was revising its analysis on residential mortgage-backed securities (RMBS) transactions involving Alt-A mortgages put the now-dormant...
California’s Outstretched (Option) ARMs
Barring a significant slowdown in foreclosure activity, California homeowners are projected to lose more than $600 billion in equity by the end of...
What (If Anything) Is Next For The GSEs?
The American Enterprise Institute (AEI) sponsored a seminar on Nov. 12 in Washington, D.C., entitled 'Is it Possible to Reprivatize the U.S. Financial...
The Continuing Challenge Of Distressed Residential Mortgages
The recession did not completely kill the secondary market, but it created a new landscape for lenders seeking the securitization of their mortgages....
Fitch Outlines Loss Mit Efforts In The First Half Of ’09
In what it termed a 'conservative projection,' Fitch Ratings says 65% to 75% of securitized subprime loan modifications will fall back into default...