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Wells CFO: Negative News Is Ad Driven - John Shrewsberry presents at Barclays...
denied or not offered mortgage modifications to make their loans more affordable. In about 400 of those cases, the homes were ultimately lost to foreclosure, Wells said. The same
Wells Fargo Mistakenly Denied Modifications - Hundreds of impacted borrowers lost ...
Loan modification activity, reports and legislation. Wells Fargo Mistakenly Denied Modifications Hundreds of impacted ... were wrongly denied loan modifications. Of those, roughly 400
Over $6 Billion in GSE Mortgages Sold - Loans were previously non-performing...
Some of the loans were brought current through loan modifications. The Federal National Mortgage Association , the seller in the transaction, announced Tuesday that Credit Suisse-
Massive Sales of Fannie Mae Loans - Pair of offerings include re-performing, non...
The previously delinquent loans have been brought current with and without loan modifications. "The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss
BofA Sued Over Alleged Deception on HAMP Apps - Borrowers claim bank misled them...
BofA "utterly failed" to administer modifications in a timely and efficient way. But the judge also said the various claims were too different to justify folding them into a
Nationstar Settles Alleged Servicing Abuses - Settlement is 2nd in Northeast...
Nationstar was accused of providing modifications without considering borrowers' ability to repay the debt. It also allegedly failed to log, track and process documents for
Huge Reperforming GSE Loan Offering - Nearly $2 billion in mortgages for sale...
Loan modifications were involved on some of the mortgages. Fannie Mae announced the offering on Tuesday. The successful purchaser will be required to offer sustainable loss
Should I Convert or Refinance My Reverse Mortgage? - Options for HECM | March 1...
Types of HECM Modifications One type allows borrowers with an unused credit line to draw on it, either on a discretionary month-to-month basis or by taking a fixed monthly payment
Nationstar Settles Alleged MA Servicing Abuses - Multi-million-dollar settlement |...
Cooper, is accused violating the law by providing modifications without considering borrowers' ability to repay the debt. That is according to the state's attorney general's
PHH Reaches Mortgage Servicing Settlement - Foreclosure crisis era abuses alleged ...
In addition, the examinations found deficiencies in other internal controls, loan servicing and modifications." In addition, according to New Jersey Attorney General Christopher S
Treasury, FHFA Reach Deal for GSE Capital Buffer - Congress still needs to find...
While the modifications addresses immediate concerns, ... and Freddie Mac . Previous modifications to the PSPAs required ... Stevens called the modifications "a measured response
Judge Rules in Favor of Trump in CFPB Dispute - Obama-era official's request for...
enforcement approaches to reflect probable modifications to policy," Lynyak said. English v. Trump et al. Case No. 1:17-cv-02534-TJK; complaint filed Nov. 26, 2018; restraining
Over $2 Billion in GSE Mortgages Sold - Credit Suisse unit wins bids on...
current with and without loan modifications. Weighted-average note rates for the pools ranged from 4.11 percent to 4.27 percent, while weighted-average loan-to-value ratios based
Over $3 Billion in GSE Mortgages for Sale - Reperforming and non-performing loans ...
But the mortgages are performing again due to the loans being brought current with and without modifications. The Federal National Mortgage Association announced the offering
Wells Fargo Settling Alleged Illegal Modifications - Settlement being negotiated...
Settling Alleged Illegal Modifications Settlement being negotiated ... making "stealth" mortgage modifications that could vastly ... the bank made loan modifications that would have added
ECOA Rule Finalized - Changes originally proposed in March | Sept. 20, 2017...
This includes modifications to protect consumers' privacy. Related: ECOA, Reg B Amendments Proposed (March 27) Amendments being proposed to the Equal Credit Opportunity Act and
Large Portfolio of Reperforming GSE Loans Sold - Deal is for over $2 billion in...
bringing the payments current or modifications. Washington-based Fannie announced Wednesday that the winning bidder for the loans is MTGLQ Investors LP . The Goldman Sachs Group
Nearly $1 Billion in GSE Reperforming Loans For Sale - Loans previously modified |...
Program and through GSE proprietary modifications. Freddie Mac announced the offering on Tuesday. The loans will be sold from its investment portfolio, which was last reported at
Huge Portfolio of Reperforming GSE Loans For Sale - More than $2 billion...
But they are now performing again either due to bringing the payments current or modifications. Fannie Mae announced the offering Thursday. "The terms of Fannie Mae's reperforming
Report: CFPB Treating Ocwen Unfairly - Ocwen doing better with modifications than ...
Ocwen doing better with modifications than larger ... consumers via loan modifications and permanent principal ... permanent principal reduction loan modifications than any other servicer
Pros and Cons of Mortgage Servicer Diversification - Benefits of more servicers...
they tend to incorporate proprietary modifications into their servicing systems. But large banks don't typically customize off-the-shelf loan servicing platforms. Moody's noted
Supreme Court Rules Against Mortgage Lenders - City of Miami's lawsuits allege...
Fargo induced defaults by failing to extend refinancings and loan modifications to minority borrowers on fair terms -- leading to excessive foreclosures and vacant homes in
Ocwen Asks for Restraining Orders - Trying to reverse cease-and-desist orders...
applications, and those seeking loan modifications," today's announcement stated. "Under these circumstances, Ocwen has a responsibility to its customers, shareholders, and
Ocwen Under Regulatory Siege - Lawsuits filed, regulatory orders issued | April...
Ocwen is responsible for 20 percent of all modifications done through the Home ... filed illegal foreclosures, mishandled loan modifications, misapplied mortgage payments, failed to
Proprietary Modification Activity Rises - 29,729 total modifications in February |...
A mild month-over-month bump was recorded for residential loan modifications that were ... 729 loans modifications, including proprietary ... were more HAMP modifications than 8,162