Servicing

There are ways the Federal Housing Finance Agency could structure a principal reduction program and prevent strategic defaults, which the agency is “deathly afraid of."

Amid growing controversy fueled in part by the new mortgage servicing rules to be finalized by the Consumer Financial Protection Bureau next year, the debate over the validity of lender-placed insurance is in full swing and expected to continue.

Most insiders support the Consumer Financial Protection Bureau's plan to give lender-placed insurance a makeover.

It's no secret that many of our cities are financially strapped for cash as their expenses continue to outweigh their revenues year after year.However, declaring bankruptcy is not necessarily the answer.

Delinquency rates on home equity lines of credit edged up in the first quarter compared to the quarter prior.

Chris Estes, who served as executive director of the North Carolina Housing Coalition since 2003, has been elected president and CEO of the National Housing Conference.

FinCEN said an increase or decrease in SAR filings is not necessarily indicative of whether there is more or less mortgage loan fraud activities taking place nationwide.

Both the California Assembly and Senate approved the Foreclosure Reduction Act that provides protections for homeowners as well as reforms to the mortgage and foreclosure process.

The Federal Housing Finance Agency said that the winning bidders have been selected in Fannie Mae’s first bulk sale offering through the REO-to-rental pilot initiative.

The prolonged recovery is simultaneously keeping up the demand for mortgage counseling and the foreclosure prevention assistance supply provided by the mortgage industry. What keeps coming up short in the exchange is borrower trust.