Boosted by a positive employment report, the number of homeowners in forbearance plans dropped yet again this week to 2.28% of U.S. households.
Read More »A Tale of Two Exits
The key to creating successful forbearance exits and maximizing revenue is the use of new digital tools to track and support customers and gain real-time insights.
Read More »The Challenges of Obtaining Mortgage Payment Assistance
What are the mortgage issues that vex borrowers the most? Here’s what CFPB’s snapshot on mortgage complains revealed.
Read More »Tallying Foreclosure Prevention Actions
In its latest report, the FHFA breaks down how the Fannie and Freddie have worked to help keep struggling homeowners get current and remain in their homes.
Read More »State of the Foreclosure Market
Here’s what an OCC report on the disclosure of mortgage loan data of some of the largest banks in the U.S. revealed about the number of foreclosures initiated by them.
Read More »An Eye on Foreclosure Prevention
Click through to learn more about the efforts undertaken by Fannie Mae and Freddie Mac to help homeowners from losing their properties.
Read More »FHFA Report: GSEs’ Total Foreclosure Prevention Actions Cross 4M
The GSEs (Fannie Mae and Freddie Mac) completed 22,411 foreclosure prevention actions in November, bringing the total to 4,013,134 since the start of the conservatorships in September 2008, according to the Foreclosure Prevention Report released by the Federal Housing Finance ...
Read More »BofA Fulfills Settlement Ahead of Schedule
The implementation of the settlement was successful in directing most of the consumer relief to those who needed it the most. The majority of consumer relief came in the form of mortgage loan modifications, 53 percent of which were in areas identified by the U.S. Department of Housing and Urban Development as part of Distressed Census Tracts, or Hardest Hit Areas. The settlement agreement also provided for resources to be directed to local organizations and legal assistance programs to help stabilize neighborhoods and provide foreclosure-prevention assistance and other housing-counseling activities.
Read More »More Consumers Seek Loan Modifications
Consumers sought more non-foreclosure solutions, such as loan modifications, short sales, deed in lieu, and workout plans, for January 2017. These approximated 102,000, compared to 26,000 foreclosure sales.
Read More »Loan Modifications Increase as Foreclosure Sales Decrease
HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, has released its July 2016 loan modification data.
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