Home / Author Archives: Esther Cho (page 177)

Author Archives: Esther Cho

Congressional Panel Report Says Foreclosure Mitigation “”Largely Failed””

The final report released Wednesday by the Congressional Oversight Panel (COP) paid special attention to foreclosure prevention initiatives, particularly the Home Affordable Modification Program. The COP analyzed several foreclosure mitigation efforts that have been implemented since as far back as 2007, and made it very clear that none of the programs have been as successful as hoped, mainly because of poor planning, poor regulation, and poor data collection.

Read More »

Probe into Robo-Signing Scandal Finds “”No Wrongful Foreclosures””

After the robo-signing scandal that rocked the mortgage servicing world late last year, servicers maintained that even if they had not followed proper procedure when foreclosing on homes, mortgages on all of the foreclosed properties were indeed seriously delinquent. The outrage sparked by the controversy showed that many people simply didn't believe that was the case. But results from the months-long probe into foreclosure documents by the Federal Reserve and other regulators revealed servicers were telling the truth.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.