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....
​Urban Lending Solutions (ULS) has announced that Fifth Third Bank has engaged in a supplier partner relationship with Urban Lending Solutions Appraisals (ULSA)
Urban Lending Solutions (ULS) has announced that Fifth Third Bank has engaged in a supplier partner relationship with Urban Lending Solutions Appraisals (ULSA), a subsidiary of ULS. Fifth Third signed an agreement for appraisal management services to support enhanced services for its customers. “... more
Approximately 117,000 non-foreclosure solutions—including total loan modifications, short sales, deeds in lieu and workout plans—were executed in April, according to new data from HOPE NOW
Ocwen Financial Corporation has announced that according to the recently released U.S. Department of the Treasury Making Home Affordable Performance Program (MHA) Report, Ocwen is the leader in helping struggling homeowners stay in their homes through the Home Affordable Modification Program (HAMP... more
Nearly one-quarter of homebuyers regret their choice of lenders, according to the J.D. Power 2016 U.S. Primary Mortgage Origination Satisfaction Study
Ocwen Financial Corp. was faulted by the federal monitor of the National Mortgage Settlement (NMS) for falling short on two tests related to force-placed insurance during the fourth quarter of 2015. In a report issued today by Joseph A. Smith Jr., the NMS monitor, Ocwen was credited with passing... more
For the first time in 11 years, the number of underwater borrowers fell below the two million mark, according to new data from Black Knight Financial Services (BKFS)
Negative equity continues to be an equal opportunity challenge, impacting 13.7 percent of homeowners in urban regions and 11.2 percent of homeowners in suburban regions, according to new data from Zillow. During the second quarter, 12.1 percent of all U.S. mortgaged homeowners were burdened with... more