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... 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
... 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
... 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
... 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
... 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
... $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
... 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
... 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
... 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
... 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