Reperforming Mortgages Outstanding Expand
The number of single-family loans that were previously non-performing but are now paying has climbed this year. A majority of the total have been paying for more than two years.
GSEs Unloading Nearly $6 Bil in Reperforming Loans
The government-sponsored enterprises are moving nearly $6 billion in reperforming residential loans off of their balance sheets.
Wells Fargo Mistakenly Denied Modifications
A calculation error by a tool used by Wells Fargo & Co. to determine whether a borrower would qualify for a loan modification caused borrowers to be denied -- including hundreds who lost their homes to foreclosure.
BofA Sued Over Alleged Deception on HAMP Apps
Bank of America Corp. is facing a new lawsuit that accuses the financial services giant of misleading borrowers about loan modifications so it could acquire properties through foreclosure.
Nationstar Settles Alleged MA Servicing Abuses
Allegations of unfair servicing and foreclosure practices in the Bay State have been resolved by Nationstar Mortgage LLC through a multi-million-dollar settlement.
Over $70 Mil in Reperforming Mortgages For Sale
A portfolio of more than $70 million in reperforming residential loans with a five-state concentration is being offered for sale to the highest bidder. Over three-quarters of the loans are modified.
PHH Reaches Mortgage Servicing Settlement
A settlement has been reached between PHH Corp.'s home-lending unit and dozens of states over alleged servicing abuses that took place during the foreclosure crisis.
Over $800 Million in Freddie Mac Loans Sold
More than $800 million in slightly past due and reperforming mortgages have been sold through an auction by the Federal Home Loan Mortgage Corp.
Wells Fargo Settling Alleged Illegal Modifications
Wells Fargo & Co. has agreed to negotiate a settlement in a case alleging it made loan modifications on a bankrupt borrower's mortgage that vastly increased the costs.
BofA Could Avoid Massive Foreclosure Judgment
Bank of America Corp. has reached a settlement with a California couple in a wrongful foreclosure action for far less than a massive judgment imposed earlier this year.