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....
The Mortgage Collaborative has announced a new partnership with national correspondent investor and mortgage loan servicer, The Money Source
The Mortgage Collaborative has announced a new partnership with national correspondent investor and mortgage loan servicer, The Money Source.   “The Money Source purchases a wealth of loan products and they offer their sellers flexible guidelines with minimal overlays. Their brand promise ‘... more
The Mortgage Collective, an organization comprised of representatives of some of the industry’s leading investment, lending, and loan servicing companies
The Mortgage Collective, an organization comprised of representatives of some of the industry’s leading investment, lending, and loan servicing companies, recently met to discuss the challenges associated with newly emerging areas of risk. The conference was led by Conference Chair Timika Cole, a... more
First mortgage default rates were on the decline, but second mortgage defaults took an uptick, according to the latest S&P/Experian Consumer Credit Default Indices report
First mortgage default rates were on the decline, but second mortgage defaults took an uptick, according to the latest S&P/Experian Consumer Credit Default Indices report.   The index level for first mortgage defaults dropped from 0.69 percent in April to 0.64 percent in May. However, the level... more
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs)
The Consumer Financial Protection Bureau (CFPB) has reached an agreement with Chicago-based Fay Servicing for $1.15 million for allegedly failing to provide mortgage borrowers with proper information and protections against foreclosure.   The CFPB charged the company with failing to provide... more