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  1. Ocwen Assists 30,000-Plus Struggling Families in Q1 and Q2

    ... struggling borrowers. The company’s products include a principal forgiveness component to qualified borrowers and allows for a mortgage payment ...

    NationalMortgageProfessional.com - 2017-08-30 12:59

  2. Ocwen and HomeFree-USA to Assist Struggling MD Homeowners

    ... Approximately 37 percent of these modifications included principal forgiveness totaling more than $644 million, or an average of more than $64,700 ...

    NationalMortgageProfessional.com - 2017-06-06 13:19

  3. Credit Suisse in $5.28B RMBS Settlement

    ... borrowers and affected communities, in the form of loan forgiveness and financing for affordable housing. “Resolutions like the ... nation’s fiscal security will be held accountable,” said Principal Deputy Assistant Attorney General Benjamin C. Mizer, head of the ...

    Phil Hall - 2017-01-19 16:02

  4. Why Mortgage Principal Forgiveness Policy is a Bad Idea

    ... since the 2007-2009 financial crisis. Why Mortgage Principal Forgiveness Policy is a Bad Idea Why Mortgage Principal Forgiveness Policy ...

    Mortgage News Ticker - 2016-08-09 09:24

  5. Use Hardest Hit Funds to Enable New Refinancing for Underwater Homeowners

    ... lien holder must write off at least 10 percent of the unpaid principal balance. 6 Putting aside the question on how the 10 ... these funds as a replacement second mortgage, not principal forgiveness. Funds are paid back, replenishing this fund. ​► ...

    Pam Marron - 2016-02-02 14:36

  6. Goldman Sachs in $5.1B MBS Settlement

    ... $1.8 billion in consumer relief initiatives including principal forgiveness for underwater homeowners and distressed borrowers and creation and ...

    Phil Hall - 2016-01-15 00:39

  7. Monitor: BofA Nears Halfway Mark in Fulfilling Consumer Relief Obligations

    ... to be reaching its targets and making a difference: ►Principal forgiveness granted under the first-lien loan modifications, the largest ...

    National Mortgage Professional - 2015-11-04 15:27

  8. RES.NET Launches Loss Mitigation Portal

    ... investors, listing agents and homeowners while allowing the principal manager/owner to reject, counter, highest and best, or escalate an ... contracts and tracks deficiencies with distinct fields for forgiveness, amount and amount to forgive. “For our customers managing ...

    National Mortgage Professional - 2015-10-19 15:32

  9. Bank of America Continues Progress Towards Fulfilling Mortgage Settlement Requirements

    ... quarter ($1,083,041,567) is based on 2,938 first lien principal forgiveness loan modifications. The loan modifications—including forgiveness of principal, reduction of interest rates and bringing delinquent loans current ...

    NationalMortgageProfessional.com - 2015-08-03 10:08

  10. Ocwen Making Progress Under CEO Ron Faris

    ... being too liberal in granting loan modifications, including principal forgiveness, to struggling borrowers. The bondholders, according to Ocwen, ...

    George Yacik - 2015-05-04 16:36