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  1. GSE Short Sales and Deeds-in-Lieu Down

    ... Approximately 77 percent of borrowers who received permanent modification during July were delinquent for three months or higher at the beginning of the trial period, a decline from the 81 percent level in June. Furthermore, the ...

    Phil Hall - 2017-10-11 15:52

  2. News From NAMB: June 16, 2017

    ... borrowers and the court were notified and these were part of trial modifications. Financial Choice Act Passes House The Dodd/Frank modification bill, H.R. 10, passed the House 233 to 186 without a single ...

    John Councilman - 2017-06-16 07:44

  3. Ocwen Helps 75,000 Homeowners Avoid Foreclosure in 2016

    ... 75,000 homeowners avoid foreclosure through responsible loan modification programs in 2016. These modification programs include both the ... number to increase as additional homeowners convert their trial plans into permanent modifications. Despite the expiration of HAMP at ... - 2017-01-12 14:48

  4. Ocwen Grants 4,100-Plus Permanent Mods in First Half of 2016

    ... announced that the company has initiated more than 14,000 trial plans to borrowers under the U.S. Department of the Treasury’s streamlined modification program that launched in January 2016. Over 4,100 of the trial ... - 2016-07-12 13:21

  5. CFPB Takes Aim at Servicers

    ... or malfunctions: Examiners found problems with loan modification acknowledgement notices, including sending them too late and ... period of time. These breakdowns caused delays in converting trial modifications to permanent modifications, resulting in harm to borrowers. ... - 2016-06-23 12:02

  6. CFPB Fines Residential Credit Solutions Over Servicing Actions

    ... On a number of occasions, the company failed to honor trial loan modifications that consumers had entered into with their prior ... set consumers back as though they had not received a trial modification. It also prolonged many people’s loss mitigation plans. The ... - 2015-07-31 16:08

  7. Dual-Tracking by Servicers and QC Issues Highlight CFPB Supervisory Report

    ... servicers that could mislead consumers to believe their trial modifications were canceled. The Bureau also found a lack of quality ... consumers to believe the servicer had abandoned the trial modification. The CFPB examiners also found at least one servicer that, because ... - 2015-06-24 14:40

  8. Three Californians Convicted in Loan Mod Scam

    ... a Rancho Cucamonga, Calif., business that offered bogus loan modification programs to thousands of financially-distressed homeowners who ... co-conspirators were convicted following a five-week jury trial for swindling more than 4,000 struggling homeowners out of approximately ... - 2015-06-10 14:57

  9. New Data Finds Good News for at-Risk Homeowners

    ... out of that number, 26 percent are currently in an active trial modification or repayment plan. Maryland, Georgia, Texas and Connecticut ...

    Phil Hall - 2015-06-09 11:26

  10. Retention Actions Down Overall, But Up As Share of Serious Delinquencies

    ... have been through a home retention program such as a trial or permanent loan modification or a repayment plan, according to Black Knight Financial ...

    Mortgage News Ticker - 2015-06-09 07:39