Tougher Distressed FHA Loan Sale Requirements
Investors of distressed Federal Housing Administration loans are facing tougher requirements that will benefit borrowers and avoid neighborhood blight.
Modified Agency Mortgages to Be Securitized
Nearly $200 million in residential agency loans that have been previously modified are being sold for subsequent securitization.
Ocwen Settles False Claims Allegations
Ocwen Financial Corp. has settled charges that it violated the False Claims Act on government-insured lending and loan modifications.
7-Month High for Home Loan Modifications
New data indicate the number of mortgages that were modified on a monthly basis ascended to the highest level in seven months.
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.