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Widows, divorcees and others who inherit or otherwise receive mortgaged property often have a hard time getting loans modified because there are too many hurdles to proving they own the property.
March 31 -
The government agency that guarantees securitizations of Federal Housing Administration-insured loans is experimenting with a pool type that consists only of modifications and reperforming loans.
March 31 -
Military families and service members are submitting debt collection complaints to the Consumer Finance Protection Bureau at twice the rate of other consumers.
March 29 -
The Federal Housing Finance Agency appears poised finally to allow principal reductions, but it's been nearly a decade since the mortgage crisis and underwater borrowers are much fewer thanks to higher home values.
March 23 -
The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.
March 22 -
As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.
March 18 -
Fannie Mae and Freddie Mac gave $186 million to the National Housing Trust Fund, their first such contributions to a fund designed to provide construction and rehabilitation of rental housing for low-income families.
March 11 -
Zais Financial may shut down its business and liquidate its holdings if it can't a buyer or a merger partner.
March 9 -
Servicers are taking a much-needed hard look at the full range of customer touch-points that they operate, and NMN's 10th annual Mortgage Servicing Conference promises to offer an engaging agenda of hottest trends and topics.
March 8National Mortgage News -
The mortgage industry provided about 420,000 loan modifications last year to homeowners struggling to make payments, according to Hope Now.
March 4