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Easing the Burden

Ocwen Financial Corporation released the results of its loan modification borrower assistance program for the first half of 2017, allows for a mortgage payment reduction of up to 20 percent to qualified borrowers, and an option for principal forgiveness.

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Banks: What Now?

The Office of the Comptroller of the Currency released a statement Tuesday permitting national banks and federal savings associations to close if directly affected by Tropical Storm Harvey. The agency provided best-practice guidelines for dealing with the disaster.

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July 2017: How Freddie Fared

Freddie Mac recently issued its Monthly Volume Summary for July 2017, providing information on its mortgage related portfolios, securities issuance, risk management, delinquencies, debt activates, and other investments. Take a look at how the GSE did.

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Drilling Down Delinquency Data

A leading industry mortgage delinquency report for the second quarter of 2017 was recently released reflecting performance on conventional, FHA, and VA loans. Take a look at how delinquency rates compare.

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Melchiorre Announced as Indisoft President

Wednesday, IndiSoft, a technology development firm that specializes in systems for the financial services industry, announced Camillo Melchiorre as President, focusing on the firm’s sales and marketing efforts. Sanjeev Dahiwadkar, who previously held the roles of President and CEO, will not be available to concentrate on IndiSoft’s strategic direction as CEO.

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