Loss mitigation

Nonbank mortgage servicers are already in the crosshairs of regulators. Now they will face even more scrutiny from Fannie Mae and Freddie Mac.

After years of working through the largest backlog of troubled loans this industry has ever seen, the technology in use today is proven and the executives who use it are well trained and capable.

The program helps non-FHA borrowers that are underwater refinance into FHA-insured loans.

Fannie Mae and Freddie Mac will let borrowers who have gone through foreclosure buy back their homes at market prices under a policy shift announced by the regulator for the two U.S.-owned companies.

The Consumer Financial Protection Bureau issued a proposal Thursday that would institute new foreclosure protections for consumers after the agency found its previous mortgage rules didn't go far enough.

Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt's confirmation, Senate Democrats are fed up with the pace of reforms at the agency.

Because the FHFA drew down vast amounts of taxpayer funds to "pay" for accounting provisions that would later be reversed, the GSEs remained saddled with in senior preferred stock that paid a dividend rate of 10%, until that rate was revised upward.

An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%.

Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class certification, citing circumstances surrounding two instances of foreclosures under interim government policy.

Mortgage loan delinquency rates through the third quarter fell to their lowest levels in seven years, according to the Mortgage Bankers Association.

United Guaranty Corp. reported higher third-quarter earnings compared to last year, due to a drop in first-lien claims.

The Hope LoanPort platform has activated a web portal designed to support foreclosure prevention counseling and loss mitigation.

A recent survey shows a very large number of mortgage lenders worry about loan quality and Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule compliance costs.

Earnings at Radian Group swung to a profit the third quarter, boosted by mortgage services revenue and a lower credit-loss provision.

The nearly 45% of new insurance written for other types of mortgage lenders could be a sign that the formerly credit union focused company is gaining some traction in the broader market.

In a surprise victory for mortgage servicer PHH Corp., a California judge overturned a $16.2 million jury verdict awarded to a California homeowner in July for a botched loan modification.