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.
Nearly $1 Billion in GSE Reperforming Loans For Sale
Nearly $1 billion in government-sponsored enterprise residential loans are being marketed for sale. The mortgages are either slightly past due or reperforming.
Wells Fargo Cutting Mortgage Servicing Jobs
Dozens of mortgage servicing positions are being eliminated by Wells Fargo & Co. as the home lender closes a call center in Washington state.
Report: CFPB Treating Ocwen Unfairly
A new report suggests that the Consumer Financial Protection Bureau has been treating Ocwen Financial Corp. too harshly.
Proprietary Modification Activity Rises
A mild month-over-month bump was recorded for residential loan modifications that were done through mortgage servicers' own proprietary programs.
VA Replaces HAMP
The Department of Veterans Affairs has outlined the terms of a new program to replace its VA Home Affordable Modification Program.
Foreclosure Error Cost BofA $46 Million
A federal bankruptcy judge has ordered Bank of America Corp. to pay $46 million for proceeding on a foreclosure despite a bankruptcy stay.
4-Month High for Mortgage Loan Modifications
Servicers of residential loans granted borrowers more favorable terms on their mortgages than on their original contracts at a pace that was the strongest in four months.