The response streaming in from leaders and regulators across the banking and mortgage industries is overwhelmingly positive for President Obama’s Homeowner Affordability and Stability Plan unveiled on Wednesday.
Read More »Wingspan to Negotiate for Homeowners
Wingspan Portfolio Advisors, LLC, a Dallas-based mortgage servicer specializing in highly delinquent loans, has announced a new division focused on helping defaulted borrowers avoid foreclosure. Called Foreclosure Resolutions, the division leverages Wingspan Portfolio Advisors’ specialized capabilities as problem loan servicers to deal with lenders and their loan servicers on behalf of borrowers and negotiate arrangements that allow people to keep their homes, the company explained.
Read More »ProVest Expands Borrower Location Program to Maximize Home Retention
ProVest LLC, a national process server management company for the default servicing industry, announced that it is working with 16 of the top 20 mortgage servicers as well as a government-sponsored enterprise (GSE) to locate delinquent homeowners that the companies have been unable to contact.
Read More »IMS Adds New Clients for Borrower Outreach and REO Management
Integrated Mortgage Solutions (IMS), a collateral protection resource for the mortgage servicing industry, announced today at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo in Tampa, the addition of two new clients to its Asset Disposition and Management Services (ADAM) division.
Read More »Regulators Want More Loan Mod Data
The Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) are expanding the scope of the mortgage performance data gathered from national banks and thrifts to include additional information on the affordability and sustainability of loan modifications made in 2008.
Read More »Titanium Introduces Homeowner Contact Suite
At the 2009 Mortgage Bankers Association (MBA) Mortgage Servicing Conference in Tampa, Florida, on Tuesday, Titanium Solutions, Inc., a provider of homeowner contacting and consulting services, announced the launch of HomeTouch.
Read More »Orders in the Courts
Will Loan Modification Disputes Change Servicing and Further Damage U.S. Capitalismx What a year it was. In 2008, home values took a beating while Wall Street investors were out nearly $7 billion. In the American tradition, the next step is to figure out who’s responsible for what, and that means a lot of people will be heading to court and to Congress in 2009.
Read More »Obama to Announce Housing Plan on Wednesday
White House officials said that President Barack Obama is scheduled to unveil the administration’s new housing and mortgage relief program on Wednesday during a speech in Phoenix, Arizona, one of the areas hardest hit by the nation’s foreclosure epidemic.
Read More »Overture and SigniaDocs Partner to Improve Loan Mod Timelines
Overture Technologies, a provider of lending decisioning solutions, and SigniaDocs, a technology service provider for the mortgage industry, announced the creation of a joint offering on Friday that the companies say will speed servicing of distressed mortgages, reduce repeat default rates, and improve transparency.
Read More »Fannie, Freddie Suspend Foreclosures Pending Administration's Housing Plan
Mortgage giants Fannie Mae and Freddie Mac announced on Friday that they are suspending all foreclosure sales and evictions of occupied properties through March 6th, in anticipation of the Obama Administration’s national foreclosure prevention and loan modification program.
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