About 40,000 homeowners nationwide received permanent mortgage loan modifications from servicers in August, which includes loans completed through proprietary programs and under the government's Home Affordable Modification Program (HAMP), according to data released by the HOPE NOW Alliance on Thursday.
Read More »CFPB: Distressed Private Student Loan Borrowers Are Unaware of Options
Many private student loan borrowers are being driven into default due to a lack of information and affordable loan modification options, according to a report released Thursday by the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman.
Read More »ACES Risk Management, Kroll Factual Data Announce Partnership
ACES Risk Management (ARMCO) has announced an integration with Kroll Factual Data that will streamline the re-verification process and create a single system of record.
Read More »Foreclosures Rise in Q3 Despite Falling to Eight-Year Low in September
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, inched upward nationwide in Q3 despite dropping to their lowest level in eight years, according to RealtyTrac's Q3 2014 U.S. Foreclosure Market Report released on Thursday.
Read More »Index Shows 26 Percent Jump in Banks’ Compliance Burden for Q3
Community financial institutions are putting more of their resources toward compliance, according to the 2014 Third Quarter Banking Compliance Index (BCI), released on Tuesday by Connecticut-based compliance management systems provider Continuity Control.
Read More »Most Fed Districts Report ‘Modest’ to ‘Moderate’ Economic Growth
Modest to moderate economic growth was reported in 11 of the 12 Federal Reserve Districts in the October 2014 Current Economic Conditions Beige Book released on Wednesday.
Read More »Lenders Appeal Court Decision Allowing HOAs to Extinguish Mortgages
Several mortgage lenders have asked the Nevada Supreme Court to reverse a decision it made in September that a homeowners association's (HOA) super priority lien can extinguish a first deed of trust nonjudicially on a residential property.
Read More »RRMS Reviving Private Loan Securitization Market
New York-based mortgage financial consulting company RRMS Advisors has begun working with clients who want to revive the Private Loan Securitization (PLS) market.
Read More »Shapiro & Ingle Adds Bankruptcy Litigation Department
North Carolina-based real estate law firm Shapiro & Ingle has announced the formation of a Bankruptcy Litigation Department at their firm with Kimberly A. Sheek heading the new department.
Read More »Colorado Housing Rates ‘Better Off’ in 33 of 35 Counties
According to RealtyTrac's 2014 Election Housing Market Scorecard released on Tuesday, 33 out of 35 counties in Colorado with sufficient housing data to score ranked in the "better off" category, meaning that the housing market in those counties is better off than it was two years ago.
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