Tag Archives: Loan Modifications

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.

How are delinquent residential single-family mortgage loans modified by Fannie Mae performing after their modifications? The industry is about to find out.

The Making Home Affordable program is beginning to wind down; how successful has the program been at helping homeowners avoid foreclosure and remain in their homes?

The majority of the amount credited in the second quarter ($1.7 billion) went to modification of 9,671 loans. Another $186 million of the amount credited in Q2 went to extend 16,231 new home loans to borrowers in HUD-designated hardest-hit areas, borrowers who lost their homes to short sales or foreclosures, and low- and moderate-income borrowers.