Foreclosure-gate has caught the national media's attention, but not only that, apparently a documentary filmmaker based in the New York area is working on a film about the foreclosure mess, starring Litton Loan Servicing of Texas. I talked to the director the other day and he seemed a little confused about the difference between 'servicing' and 'subservicing' but I think I straightened him out. Late Monday, Litton joined the growing hordes of servicers that are now reviewing just exactly how they foreclosure on the nation's tired, hungry, and (house equity) poor. Litton is a Goldman Sachs joint. (That's Spike Lee movie talk to all you cineo-phobes.) Meanwhile, late last week Fannie Mae and Freddie Mac had a conference call with their servicers, telling them they'd be on the hook for any losses on GSE loans should it turn out they botched the paperwork…
-
The move is aimed at bringing additional mortgage servicing rights and investment expertise to the technology company and its capital markets division.
47m ago -
The borrower allegedly forged a VA document that claimed exempt-free status, leading the lender to mistakenly cover the cost on his behalf, prosecutors said.
2h ago -
The deal wraps up the transformation efforts Radian announced when it agreed to acquire specialty insurer Inigo and divest the non-mortgage insurance units.
2h ago -
In a Facebook post last week, CEO Mike Kortas offered loanDepot loans officers who switch over to NEXA a one year membership for Nexa100 and a signing bonus.
3h ago -
Indiana lawmakers are considering two more far-reaching property tax reforms before Senate Enrolled Act 1 has even been fully phased in.
5h ago -
Sen. Elizabeth Warren and other senators sent a letter to six insurers challenging their use credit-based insurance scores to determine risk-based pricing.
7h ago









