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....
GCC Servicing Systems, a provider of mortgage servicing technology and solutions, has announced the availability of its investor accounting and reporting component through the company’s professional services suite. The investor accounting and reporting component enables servicers to meet the... more
Accenture has agreed to acquire Zenta, a provider of residential and commercial mortgage processing services in the United States. The acquisition will significantly expand Accenture’s ability to help lenders, servicers and real estate investment trusts (REITS) retool and streamline their... more
California Attorney General Kamala D. Harris has announced that the California Department of Justice, in conjunction with the State Bar of California, has sued multiple entities accused of fraudulently taking millions of dollars from thousands of homeowners who were led to believe they would... more
A class action lawsuit has been filed in Federal Court in New York against Saxon Mortgage Services Inc., the Morgan Stanley mortgage servicer division, for failing to fulfill its obligations under the federally-sponsored Home Affordable Modification Program (HAMP) to homeowners in financial... more