Quantcast
more

Eight Key Takeaways from the MBA Servicing Show

From new compliance scorecards to rethinking how to deal with consumer complaints, there's plenty to debate about the future of servicing. Here's a look at the most insightful and noteworthy discussions from this year's Mortgage Bankers Association servicing conference.
Servicing
Distressed
More Stories »

Latest Headlines

Morgan Stanley Says New York Intends to Sue Over Subprime

Morgan Stanley said New York Attorney General Eric Schneiderman intends to sue the company, alleging it misrepresented or omitted information when underwriting 30 subprime securitizations.

Fannie, Freddie Overseer Sets Rules for Sales of Delinquent Debt

The Federal Housing Finance Agency released a set of new rules for the sale of troubled mortgages by Fannie Mae and Freddie Mac.

Ocwen Terminated as Servicer on Two Mortgage Trusts

Embattled mortgage servicer Ocwen Financial faces up to $26 billion in damage claims by bondholders and a greater risk of being fired as a mortgage servicer on thousands of small, private-label trusts.

1st Alliance Launches Mortgage Lending Program

Mortgage banking and servicing company 1st Alliance Lending is introducing a new national mortgage lending platform

Mortgage Grapevine

Downpayment assistance programs in Northern Virginia

OT: Rembering Leonard Nimoy, Star Trek's Mr. Spock

Can a borrower who defaulted sue MetLife?

Restaurant owner wants funds to open new location

Twitter
Facebook
LinkedIn
"The IG thinks that we're not following GAAP. We were taking the more conservative approach in our belief," said John Getchis, Ginnie Mae's senior vice president of capital markets.

Audit Slams Ginnie Mae for Accounting Lapses in Failed TBW Loans

An audit of Ginnie Mae financials identified four "material weaknesses" and one "significant deficiency," primarily related to the accounting of $6.6 billion in defaulted loans made by the failed lender Taylor, Bean & Whitaker.
Compliance
Distressed
Latest Posts »

From Our Blogs

New Uncertainty in Housing as Investors Seek Maximum Profits
Fresh questions are being asked about the role of investors in the rental market and how their eventual exit may impact mortgage lending, property values and the economic recovery.

Ginnie Mae Tests Scorecard of Issuers' Performances
The scorecard compares issuers’ operational strength and skill in managing delinquent loans with those of their peers.

Servicing's Dubious Distinction: Most Mortgage Complaints to CFPB
Problems related to loan servicing dominate the consumer complaints about mortgage companies made to the Consumer Financial Protection Bureau, but an agency official expressed optimism about the industry's response to these grievances.

Redefaults Continue to Plague HAMP
One in three struggling homeowners who received a loan modification through the Home Affordable Modification Program ultimately redefaulted on those loan.Meanwhile, the program that was supposed to help some 4 million families avoid foreclosure has helped only a fraction of that amount, according to a report presented to Congress.
Most Read
Emailed

Multimedia

8 Takeaways from MBA Servicing

Advertiser Press Releases

Departments

Resources

Already a subscriber? Log in here
Please note you must now log in with your email address and password.