Ocwen Can't Foreclose on Some Loans
Ocwen Financial Corp. has been told to hold off on foreclosures for a group of distressed borrowers who weren't properly notified about loan modification denials.
HAMP Modifications Increase
A monthly increase in government-supported modifications of residential loans overcame a modest decline in the number of proprietary loan modifications.
FHFA Implements GSE Principal Reduction
A long, anticipated decision has been made by the regulator and conservator of Fannie Mae and Freddie Mac about principal reduction on their loans.
2 Michigan Cities to Receive Hardest Hit Funds
Two cities in Michigan -- the biggest city in the state and one that's been in the news much lately -- will benefit from federal funds for upside-down borrowers.
Decision Coming Soon on GSE Principal Reduction
After two years of closely studying principal reduction on residential loans backed by the government-sponsored enterprises, the GSEs' regulator says a decision is coming soon.
Modified Loans For Sale
A portfolio of seasoned residential loans that have been through the loan modification process is being marketed for sale to the highest bidder.
Monthly Mortgages Modified Move Higher
Home loans modified through mortgage servicers' own proprietary programs and through the government-funded program rose in December.
Large Mortgage Settlement at HSBC
HSBC Bank USA, N.A., agreed to a settlement valued at hundreds of millions of dollars over allegations of abuses in home lending, servicing and foreclosures.
Mortgage Loan Modifications Diminish
Fewer home loans were modified on a monthly basis, and the weaker activity hit both government and proprietary programs.
Only Half of TARP Housing Funds Disbursed
Less than half of the funds from the Troubled Asset Relief Program that were designated for housing assistance have actually been disbursed.