Servicing

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.

The operators of an allegedly deceptive mortgage modification business will pay more than $750,000 in ill-gotten gains to settle Federal Trade Commission charges. The settlements also permanently ban the 11 defendants from selling any mortgage assistance relief products.

Fitch Ratings has downgraded seven classes from six different Home Equity Conversion Mortgage securitizations.

Fitch Ratings has found that several types of U.S. structured finance assets have been performing way better than expectations, even far better than has been widely reported.

Integra Group Real Estate has started an affiliate company to assist investors and asset managers with property preservation efforts.

It’s fascinating to look under the hood of a particular deal and see all the moving parts that make it possible.

Once the industry realized just how horrible the housing crisis was, discussions about REO-to-rental and deed-for-lease strategies became popular and the debate continues today.

Support for the California Foreclosure Reduction Act, which requires all lenders to abide by a number of consumer protection provisions of the national mortgage settlement, appears to be unanimous.

Clear Capital launched its Rental Market Report to determine the appropriate rental rates and potential rental income for properties in a specific market.

Servicers supervised by the Office of the Comptroller of the Currency completed fewer loan modifications in the first quarter as the number of delinquent borrowers who need assistance appears to be shrinking.