Proprietary Modifications Up, But HAMP Slows
A bump in proprietary loan modification activity couldn't overcome a slump in modifications completed through the government's program.
Order Issued Against Servicer of Distressed Loans
A servicer of distressed residential loans out of North Texas has consented to an order alleging it blocked delinquent borrowers from avoiding foreclosure.
Ocwen Uses Shared Appreciation in Modifications
Some borrowers on home loans serviced by Ocwen Financial Corp. are seeing huge principal reductions in return for shared equity.
Nationstar Loses Dual Tracking Lawsuit
A federal judge in Minnesota reversed a Nationstar Mortgage LLC foreclosure. Dual tracking on a loan with a modification application in place was at issue.
Servicers Fare Well in Settlement Compliance Report
The latest report card is in for residential loan servicers included is a massive servicer settlement three years ago, and the group fared well.
Problems Persist at Some Mortgage Servicers
A regulatory report indicates that a few servicers of residential loans are illegally engaging in dual tracking or runarounds.
HAMP Volume Surges
Monthly loan modification volume climbed to the highest level in more than a year. Behind the up tick was a surge in the government's loan modification program.
Mortgage Servicers Face More Regulation in Hawaii
A new law that has been enacted in the Aloha State requires mortgage servicers to make a good-faith effort to modify loans and avoid foreclosure -- among other things.
Proprietary Loan Modification Volume Surges
An acceleration in the monthly number of proprietary loan modifications completed more than offset waning government-funded activity.
Making Home Affordable Programs Extended
Two crisis-era programs that have the government funding mortgage refinances and loan modifications will be extended by a year.