Tag Archives: Loan Modifications

More homeowners are working with the GSEs to keep their homes, but what’s driving the sudden increase in foreclosure prevention actions?

The latest Mortgage Metrics Report from the Office of the Comptroller of the Currency found substantial improvement in first-lien mortgage performance.

How would the U.S. Department of the Treasury tweak the housing finance system to better serve consumers and promote homeownership?

Recent loan modification data shows a huge achievement since the housing crisis. What has the industry done to continue preserving homeownership?

Wisconsin-based Fiserv, Inc., has announced an agreement with California-based CoreLogic which will reduce default risk and improve the cost and time of servicing.

The OCC reports improvement across the board for recent mortgage metrics, but what have servicers done to make this possible?

Ocwen Financial Corporation recently announced that according to the recently released U.S. Department of the Treasury MHA Report, they are the leader in helping struggling homeowners stay in their homes through HAMP.

Fannie Mae recently release the latest Servicing Guide with updates including allowable foreclosure attorney fees for New York, suspending foreclosure proceedings for a streamlined modification offer, and servicing government mortgage loans.

What solutions have Fannie Mae and Freddie Mac offered to HAMP borrowers facing higher monthly payments due to resets?

The improved credit quality of mortgage loans originated post-crisis has resulted in fewer delinquencies and defaults, which in turn has resulted in a substantial decline in loan modifications industry-wide.