As the rest of the housing industry recovers, a little-known firm with a key role in mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees.
Distressed homeowners who obtained loan modifications fell to approximately 42,000 in February, a 5% decrease from the month before and a sign that the number of borrowers needing assistance is declining, according to the Hope Now alliance.
Colony American Homes has completed a securitization transaction backed by income generated from almost 3,400 single-family rental homes.
The number of underwater homeowners who received principal reductions on their mortgages through the Keep Your Home California program increased dramatically in 2013.
There is only one week remaining to submit a nomination for the 2014 Mortgage Technology Top 50 Service Providers.
The final deadline for nominations is 6 p.m. EDT Thursday, April 17, 2014.
From Our Blogs
»The HELOC Reset Wave: Sink or Swim
»CFPB Sends a Message, Loud and Clear
»Enhancing Servicing Insight Through Big-Data Analytics
»Common Myths about Loan Modifications
»How to Manage Servicing Compliance Without Losing Your Mind
»Preparing for Litigation Under the Ability to Repay Rule
»Meeting QM Requirements with Centralized Data
»Using Consistency, Detail to Overcome New Appraisal Challenges
- DocMagic: Delivering 99.999% Uptime Has Positive Impact on Lender Clients
- Nationwide Title Clearing (NTC) Comments on Newly Enacted Mortgage Rules, Expects Market-Driven Effect on Company Practices
- Interthinx: Jumbo Loans Present Much Higher Fraud Risk in Recent Quarter
- Rushmore Loan Management Services Announces Approval as a Freddie Mac Seller/Servicer Company Also Receives Positive Rating from S&P
- DocMagic and Veri-Tax Deploy Automated IRS Tax Transcript Retrieval Tool for Lenders