Years after the crisis, fundamental problems in default servicing still exist and in order to move forward, servicers must reimagine their processes to better manage overall volume and spikes in demand.
More property owners fell into foreclosure in July than at any time since last fall, according to a report by the El Paso County, Colo., Public Trustee's Office.
Tall weeds, piles of yard waste and inoperable vehicles have some residents of a 200-home Doña Ana subdivision up in arms over what they call lax codes enforcement.
While mortgage loan delinquencies continued to fall in June, non-mortgage debt continues to mount, according to data from Black Knight Financial Services. This added debt could affect a consumer's ability to keep making mortgage payments or buy a new home.
» Why Default Servicing Processes Haven't Improved Since the Crisis
» How Mortgage Servicers Can Win Over Millennials
» How to Stay Afloat in the Coming HELOC Reset Tidal Wave
» JPMorgan Enforcement Action Solidifies CFPB Negligence Standard
» Lawmakers' Inaction Could Put Homeowners in Double Jeopardy
» Past Problems Will Make Next REO Cycle Unique Unto Itself
» Five Top Trends for MBA Secondary
» Freddie Mac's Audit Survival Guide for Lenders
» How Quality Customer Service Can Keep Mortgage Lenders Compliant
» Revoke Mortgagee Letter 2015-03 for Nonborrowing Spouses
- House Committee Passes Bills to Delay TRID Enforcement, Revise QM
- CFPB Fines Fidelity National Financial, Western Union Units $38M
- Top Producer Shares Her Secret to Keeping Referral Partners Happy
- Down Payment Programs Not a Scam, FHA to Tell Watchdog
- SIGTARP Wants to Know Why Servicers Deny 70% of HAMP Requests
- Mountain America tallies 500 e-closings on Pavaso Platform
- NTCs Collateral File Audit and Remediation Service Enhances Portfolio Value and Security
- NTC Executive Helps Lead Effort to Publish Best Practices Document Now Approved by PRIA Board
- Real Estate Investors Continue to Favor Flipping - by a Narrowing Margin - According to Latest Auction.com Real Estate Investor Activity Report
- Black Knight's March Mortgage Monitor: Negative Equity Population Shrinks to Just Over 4 Million; 77 Percent of Borrowers in Foreclosure Are Underwater