Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

Servicing

HARP Refis Eclipse the 3.2 Million Mark Nationwide

Refinance_Definition_Pic_11_26_14

The Federal Housing Finance Agency (FHFA) has reported that the total volume of mortgage refinances increased slightly in the third quarter. According to FHFA’s Refinance Report, total refinance volume for the third quarter exceededClick to continue

FHFA Alters GSE Policy on REO Sales

REO_Sign_Pic

The Federal Housing Finance Agency (FHFA) has directed the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to alter one of their policies relating to the sale of real estate-owned (REO) properties in their current inventory. The change will perClick to continue

DST Adds Custom Tasks to DispoSolutions REO Platform

DST_Logo_11_20_14

Default Servicing Technologies LLC (DST)creators of the DispoSolutions REO management platform and the ValuationSolutions enterprise collateral valuation management technology, has announced that users of the company's software soClick to continue

Permanent Loan Mods Hit 109,000 in Q3

Loan_Mod_Sign_Pic

HOPE NOW has released its third quarter 2014 data, showing that approximately 468,000 homeowners received non-foreclosure solutions from mortgage servicers in July, August and September. Permanent loan modifications totaled approximately 109,000 and short sales totaled 30,000. Other solutions (including repayment plans, deeds in lieu, other retention plans and liquidation plans) made up the rest of the total number.Click to continue

Black Knight Executes Loan Servicing Agreement With Green Tree

BKFS_Logo

Black Knight Financial Services (BKFS) has announced that Green Tree Servicing has signed a Loan Servicing Agreement for MSP, Black Knight's industry-leading mortgage and consumer loan servicing platform.Click to continue

Rep. Cummings and Sen. Warren Call on GAO to Probe Non-Bank Servicers

Congress Pic/Credit: Comstock

Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Sen. Elizabeth Warren, member of the Senate Committee on Banking, Housing and Urban Affairs, called on the Government Accountability Office (GAO) to investigate threats to consumers arising from the growth in non-bank mortgage servicing.Click to continue

Foreclosures Down 16 Percent Year-Over-Year in Q3

Foreclosure Notice Pic

RealtyTrac has released its U.S. Foreclosure Market Report for September and the third quarter of 2014, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions— were reported on 317,171 U.S.Click to continue

More Than 40,000 Permanent Loan Mods Reportedly Granted in August

147919926.jpg

HOPE NOW has released its August 2014 loan modification data, which found that an estimated 40,000 homeowners received permanent, affordable loan modifications from mortgage servicers during the month. This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP).Click to continue