Servicing

Four years after Superstorm Sandy devastated the coastal properties in the Northeast
Foreclosures in New York City saw a 79 percent year-over-year increase in the third quarter, according to new data from PropertyShark, which also reported a 145 percent year-over-year spike in the Bronx, a 118 percent year-over-year surge in Brooklyn.   What do these percentages mean? The Bronx... Keep Reading....
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... more
Default rates on first and second mortgages increased from August to December
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