Servicing

The Treasury Department’s announcement Friday that it was restructuring its ongoing bailout of Fannie Mae and Freddie Mac caught most observers off guard.

Because of the stabilization in house prices, neither government-sponsored enterprise has had to borrow significant money from the Treasury since the beginning of the year, leaving the total tab for their bailout at around $190 billion.

Redfin said that without more people willing to sell, inventory will not increase and therefore sales volume cannot meaningfully improve.

This product helps lenders meet Fannie Mae’s Loan Quality Initiative recommendations and check borrower credit activity during the processing of a mortgage.

Homebuyer counseling now is centered on the servicing end of the business, rather than the originations side.

Glen Ward promised to delay foreclosures for distressed homeowners as long as they could pay him $700 a month.

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.