...incentives for unregulated private securitization in Canada than there were in the U.S. There, lenders had greater benefits through government-guaranteed mortgage insurance, while here they sought to reduce capital levels...
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Genworth Reports Nearly $4.8B in Mortgages Saved from Foreclosure
...for years, that private mortgage insurance is entirely aligned with the interests of homebuyers to help them buy a home and keep their home,"" said Alan Goldberg, VP of homeowner...
Read More »First American Title Launches Mortgage Services Division
""First American Title Insurance Company"":http://www.firstam.com, based in Santa Ana, California, recently introduced a new ""Mortgage Services"":http://www.famortgageservices.com division, which will address the title, settlement, and valuation needs of residential originators with...
Read More »Mortgage Litigation Index Declines as Focus Shifts to Criminal Cases
...nine were related to mortgage servicing. The firm says a big decline in mortgage insurance litigation was primarily the result of a jump in the prior quarter's Federal Housing Administration-related...
Read More »Fannie Mae Suspends California Housing Loan Insurance Fund
Earlier this year, the California Housing Loan Insurance Fund (CaHLIF) ceased writing new mortgage insurance policies. The insurance fund is administered by the ""California Housing Finance Agency"":http://www.calhfa.ca.gov. Effective immediately, ""Fannie...
Read More »Moody’s Downgrades $66 Million of “”Deteriorating”” RMBS
...originated under one of HUD's insurance programs. Following their initial default, these loans were repurchased by HUD and subsequently sold in a series of public auctions, Moody's explained. Moody's estimated...
Read More »Investigation Finds Criminals Making FHA Loans
...firms barred by the agency. More than 3,000 of those loans, about 9 percent, were seriously delinquent or already in the FHA insurance fund claim process as of June 30....
Read More »CalHFA and FHA to Offer Low-Interest Mortgages to First-Time Buyers
...of $417,000, and a minimum credit score. CalHFA-FHA's new program includes mortgage insurance, and borrowers are eligible to use the California Homebuyer's Downpayment Assistance Program, which can provide up to...
Read More »Specialty Servicer Looking for Short Sale Customer Service Staff
...of mortgage or financial services is a plus. Headquartered in Buffalo, New York, AMS trains its customer service staff in insurance, escrow, taxes, collections policies and procedures, compliance, and reporting....
Read More »Potestivo & Associates Hires New Associate Attorney in Chicago
...as an attorney in several Chicago law offices where he practiced commercial litigation, creditors' rights, bankruptcy, mortgage foreclosure, and insurance defense. After graduating cum laude and receiving Departmental Distinction in...
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