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Tag Archives: Borrowers

Can Homebuyers Get Better Government Loan Modifications?

The second in a three-part series of reports examines government loan modification products available for loans insured by the FHA, the VA, or the USDA and explores how borrowers who fall behind on payments can receive adequate payment relief in a high market rate environment.

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HUD Secretary to Work on Big Banks’ Lending Practices

Secretary of the U.S. Department of Housing and Urban Development Ben Carson said in a speech on Monday that he promises to help big banks get more comfortable about financing lower-income borrowers, without fear of being penalized from mortgage lending errors.

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DIMONT Launches New Technology to Assist Servicers

DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries, has announced the launch of its online loss drafts portal with technology developed by IndiSoft, a solutions development firm specializing ...

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TRID’s Mixed Reviews Six Months Later

Many in the mortgage industry have complained of the complexity of implementing the rule and the difficulty of complying, despite the rule’s goal of making it easier on all parties involved to close a mortgage loan. But do homebuyers share these same sentiments?

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Deciphering TRID Through Communication

Customer satisfaction regarding TRID has risen among borrowers—coinciding extremely closely to the rise in the number of borrowers who reported they’d been contacted (as per TRID guidelines) by their lenders before closing.

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