Marix Servicing LLC is has announced its membership in the HOPE NOW Alliance. Founded in February 2007 in response to the distress in the mortgage market, Marix is a residential loan servicer with a focus on servicing, subservicing and component servicing of both performing and non-performing loans that require a high-touch approach. Marix has assisted clients with outreach calls soliciting borrower attendance at HOPE NOW events and with its membership, Marix anticipates expanding its participation in HOPE NOW initiatives.Read more

The Obama Administration has announced adjustments to Home Affordable Modification Program (HAMP) and Federal Housing Administration (FHA) programs. These program adjustments will better assist responsible homeowners who have been affected by the economic crisis through no fault of their own. The program modifications will expand flexibility for mortgage servicers and originators to assist more unemployed homeowners and to help more people who owe more on their mortgage than their home is worth because their local markets saw large declines in home values.Read more

HOPE LoanPort, the counselor Web-based tool that streamlines submission of completed loan modification applications, including those used for the Home Affordable Modification Program (HAMP), has announced that six people will serve on its board of directors. The organization also named its chief executive officer. There are plans to expand the board in the near future to reflect the diversity of the organizations involved with this groundbreaking web portal initiative.Read more

HOPE NOW, the private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors has announced that its January 2010 data estimates 99,499 homeowners received proprietary loan modifications for the month. Combined with the United States Treasury’s recently released Home Affordable Modification Program (HAMP) data that showed 50,364 HAMP modifications for January, the total number of loan modifications is almost 150,000 for the month.Read more

In an Oct. 14 letter to the U.S. Committee on Financial Services, Reps. Barney Frank and Spencer Bachus, the National Association of Mortgage Brokers (NAMB), along with the American Bankers Association, Consumer Bankers Association, Consumer Mortgage Coalition, Financial Services Roundtable, Housing Policy Council, Mortgage Bankers Association, National Association of Federal Credit Unions and the Real Estate Services Providers Council Inc., have shown their support for an initiative by Rep. Judy Biggert that would stagger the U.S.Read more

United States President Barack Obama has announced the reappointment of Federal Reserve Chairman Ben Bernanke to a second term at the helm of the Federal Reserve Board. "I would like to express my gratitude to President Obama for the confidence he has shown in me with this nomination and for his unwavering support for a strong and independent Federal Reserve," said Bernanke on news of the reappointment. "It has been a particular privilege for me to serve with extraordinary colleagues throughout the Federal Reserve System.Read more