Servicing

When faced with a regulatory change that impacts business operations, there are two ways to view the challenge: as a crisis or as an opportunity.

A plug-in developed by Quandis enables attorneys to verify whether borrowers are protected by the active duty provisions of the Servicemembers Civil Relief Act from an Excel spreadsheet.

Default management has taken on a new urgency since the housing market crashed in early 2008.

San Bernardino County unanimously passed a resolution authorizing its staff to create a request for proposal, a formal mechanism for considering plans to address the glut of underwater borrowers.

Integra Group Real Estate said that through the first six months of 2012, its transaction volume increased 28% compared to the same time period a year ago even though overall REO sales in the region dropped.

The Treasury Department unveiled a bold new plan to speed up the dissolution of Fannie Mae and Freddie Mac, saying the two can no longer retain profits and must reduce their massive portfolio holdings at an annual rate of 15%.

Starting in September Bank of America has agreed to use the Web portal of Hope Now, in a move the alliance sees as “a game changer.”

The latest legal cases and regulatory actions from around the nation.

The Department of Housing and Urban Development and its auction advisor, DebtX, have set an auction deadline of Sept. 12 for investors to submit sealed bids on $1.7 billion of nonperforming residential loans.

Bank of America’s alliance with Hope LoanPort may give a new boost to the number of modifications completed hereon.