Wells Fargo awards $200,000 to USHCC Foundation

National Mortgage Professional

Oct 09, 2007

MortgageHub and USFN partnerMortgagePress.comHome retention,loss mitigation MortgageHub has partnered with USFN, to launch the Home Retention Alliance (HRA), an organization designed to provide home retention and loss mitigation services that offer borrowers and lenders alternatives to home foreclosure. Orlando-based HRA will operate an integrated, open-platform solution, to help servicers respond to the surge in defaults and foreclosures, in order to counteract the steep increase in workload and costs associated with loan workouts. Bensalem, Pa.-based MortgageHub is a Web service platform developer for the mortgage industry. For more information, call (610) 834-3800 or visit www.mortgagehub.com. Tustin, Calif.-based USFN is a national, nonprofit association of attorneys, trustee companies and associates, which provides default services to the mortgage banking industry. For more information, call (800) 635-6128 or visit www.usfn.org.

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Oct 09, 2007

Regulation and Compliance

MISMO Seeks Comment On Updated Industry Loan Application Dataset

Wants feedback on the latest version of its Life of Loan Process Model.

The Mortgage Industry Standards Maintenance Organization (MISMO) is seeking public comment on the latest version of its Life of Loan Process Model. The 30-day comment period will run through April 26, the organization said Monday. MISMO Life of Loan is an interactive busi...

Analysis and Data

Fannie Mae Transfers Credit Insurance Risk On $31.8B In Loans

CIRT 2023-2 and CIRT 2023-3 transferred a combined $926 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae said Monday it has executed two credit insurance risk transfer (CIRT) transactions with a combined value of $31.8 billion. As part of Fannie Mae’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-2 and CIR...