Over $1 Bil in Distressed Freddie Loans For Sale
More than $1 billion in distressed Federal Home Loan Mortgage Corp. home loans are being marketed for sale.
Loan Modifications Decline 4th Consecutive Month
The number of home loan modifications that have been completed has diminished each of the last four months and stands below the year-earlier level.
More Than $300 Mil in Distressed Freddie Loans Sold
The sale of more than $300 million in deeply delinquent Freddie Mac residential loans has been completed.
Servicers Maintain Modification Volume
Month-over-month loan modification volume was off ever so slightly, as was the case based on a year-over-year comparison.
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.