Widely applying principal forgiveness to, say, private label mortgage-backed securities could keep lawyers like this one busy due to contract law issues. Image: Fotolia.
While principal forgiveness is compelling, making it widespread is problematic.

Ask the Experts is an educational video series, hosted by National Mortgage News that features an engaging Q&A with mortgage industry experts. This series, sponsored by Interthinx, addresses how today's mortgage industry professionals can manage risk and compliance issues, meet new regulatory requirements, and make better decisions with a focus on quality control and automation.

HUD’s Sustainable Communities Initiative is targeting 142 communities in an attempt to link jobs with transportation and housing. Image: Fotolia.
Harvard University’s Ash Center for Democratic Governance and Innovation has included several housing initiatives in honoring 25 innovative government-related programs.
The deal was made possible by a mortgage-backed security pass-through structure that has been growing in popularity among housing finance agencies in the past year.
New compliance requirements don’t typically inspire the most innovative technology enhancements in the mortgage industry. But the upcoming overhaul of borrower disclosure forms has created an opportunity to re-engineer the way lenders and title companies execute mortgage closings, according to Document Systems CEO Dominic Iannitti.
Citigroup is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.
Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.
A daily video that gives you mortgage news, plus a little attitude.
Twitter
Facebook
LinkedIn
Already a subscriber? Log in here
Please note you must now log in with your email address and password.