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  1. GSE Short Sales and Deeds-in-Lieu Down

    ... Fannie Mae and Freddie Mac coordinated 10,217 permanent loan modifications. Approximately 77 percent of borrowers who received permanent ... for three months or higher at the beginning of the trial period, a decline from the 81 percent level in June. Furthermore, the ...

    Phil Hall - 2017-10-11 15:52

  2. News From NAMB: June 16, 2017

    ... borrowers and the court were notified and these were part of trial modifications. Financial Choice Act Passes House The ...

    John Councilman - 2017-06-16 07:44

  3. Ocwen Helps 75,000 Homeowners Avoid Foreclosure in 2016

    ... Modification Program (HAMP), as well as proprietary modifications for those homeowners who did not qualify for a HAMP modification. ... number to increase as additional homeowners convert their trial plans into permanent modifications. Despite the expiration of HAMP at ...

    NationalMortgageProfessional.com - 2017-01-12 14:48

  4. Ocwen Grants 4,100-Plus Permanent Mods in First Half of 2016

    ... announced that the company has initiated more than 14,000 trial plans to borrowers under the U.S. Department of the Treasury’s ... mortgage payments have already been converted to permanent modifications. The U.S. Department of the Treasury broadened the Home ...

    NationalMortgageProfessional.com - 2016-07-12 13:21

  5. CFPB Takes Aim at Servicers

    ... by CFPB examiners: ► Information about loan modifications is late, incorrect, or deceptive due to technological breakdowns ... period of time. These breakdowns caused delays in converting trial modifications to permanent modifications, resulting in harm to borrowers. ...

    NationalMortgageProfessional.com - 2016-06-23 12:02

  6. CFPB Fines Residential Credit Solutions Over Servicing Actions

    ... from foreclosure. The mortgage servicer failed to honor modifications for loans transferred from other servicers, treated consumers as ... On a number of occasions, the company failed to honor trial loan modifications that consumers had entered into with their prior ...

    NationalMortgageProfessional.com - 2015-07-31 16:08

  7. Dual-Tracking by Servicers and QC Issues Highlight CFPB Supervisory Report

    ... servicers that could mislead consumers to believe their trial modifications were canceled. The Bureau also found a lack of quality control ...

    NationalMortgageProfessional.com - 2015-06-24 14:40

  8. Three Californians Convicted in Loan Mod Scam

    ... than $7 million when they paid for services, including loan modifications, that were never provided. The three Southland, Calif., ... co-conspirators were convicted following a five-week jury trial for swindling more than 4,000 struggling homeowners out of approximately ...

    NationalMortgageProfessional.com - 2015-06-10 14:57

  9. New Data Finds Good News for at-Risk Homeowners

    ... Services (BKFS) examined home retention actions–loan modifications and repayment plans–and found that of the approximately 952,000 ... out of that number, 26 percent are currently in an active trial modification or repayment plan. Maryland, Georgia, Texas and Connecticut ...

    Phil Hall - 2015-06-09 11:26

  10. SunTrust and Ocwen Report Q4 Servicing Settlement Relief

    ... At Ocwen, 21,257 borrowers completed first lien modifications and benefited from consumer relief totaling $1.9 billion, which, ... In addition, another 284,089 borrowers either started a trial plan or were offered or approved for a trial plan as of Dec. 31, 2014. ...

    NationalMortgageProfessional.com - 2015-04-07 16:53