Servicing

The Federal Housing Finance Agency (FHFA) had modified the High LTV Streamlined Refinance program designed to help borrowers who are current on their mortgage but are unable to refinance because their loans have loan-to-value (LTV) ratios that exceed the maximum limits set by Fannie Mae and... Keep Reading....
A new data report issued by CoreLogic has determined that 4.5 percent of mortgages were in some stage of delinquency during May, down 0.8 percent on a year-over-year measurement
A new data report issued by CoreLogic has determined that 4.5 percent of mortgages were in some stage of delinquency during May, down 0.8 percent on a year-over-year measurement. The foreclosure rate in May was 0.7 percent, down from one percent in May 2016, while the serious delinquency rate—... more
Nearly 300 employees and senior managers from Guild Mortgage recently spent a day renovating a primary school and engaging with local students in Playa Del Carmen, Mexico
Nearly 300 employees and senior managers from Guild Mortgage recently spent a day renovating a primary school and engaging with local students in Playa Del Carmen, Mexico.   Company representatives, including Guild Mortgage Chief Executive Officer Mary Ann McGarry and Chief Operating Officer Terry... more
Borrowers dealing with mortgage servicers are having their patience tested, according to the 2017 J.D. Power U.S. Primary Mortgage Servicer Satisfaction Study
Borrowers dealing with mortgage servicers are having their patience tested, according to the 2017 J.D. Power U.S. Primary Mortgage Servicer Satisfaction Study.   The newly released report found 10 percent of mortgage customers complaining that their time was wasted during their most recent... more
New Residential Investment Corporation and Ocwen Financial Corporation have announced the companies have signed definitive agreements for the transfer of Ocwen’s interest in mortgage servicing rights (MSRs) and subservicing relating to approximately $110
New Residential Investment Corporation and Ocwen Financial Corporation have announced the companies have signed definitive agreements for the transfer of Ocwen’s interest in mortgage servicing rights (MSRs) and subservicing relating to approximately $110 billion of non-agency MSRs. Upon the... more