According to a new report by Fitch Ratings, as forbearance programs expire and borrowers transition into other loss mitigation programs, servicers should be wary of customer complaints and regulatory oversight.
Read More »HUD Releases $2 Billion-Plus for Disaster Recovery and Loss Mitigation
Allocation of federal funds to benefit disaster-stricken regions in 10 states covering 15 separate major disasters.
Read More »Loan Mod Volume Climbs as Forbearance Exits Continue
In its latest servicer report, Fitch Ratings reports forbearance plans experiencing a near 50% year-over-year drop, while the percentage of loan modifications has quadrupled.
Read More »The Week Ahead: Getting Ahead of Pandemic Loss Mit Challenges
Next Friday, DS News and Aspen Grove Solutions will present a new loss-mit webinar featuring speakers from the Housing Policy Council, Selene Finance, and ServiceMac.
Read More »Upbeat Economy Brings Downturn in Forbearance Volume
With nearly 835,000 homeowners in forbearance plans, a recovering economy has hastened the pace of those entering permanent loan workout solutions.
Read More »Clarifire Adds Default and Loss Mitigation Specialist to Advisory Board
Thirty-year industry executive Doug Jorgenson added to expand Clarifire’s market share.
Read More »Sagent to Power Servion’s Servicing Ops
New deal will enable credit union servicing organization to increase its ROI via Sagent’s servicing tech offerings.
Read More »GSE Forbearance Exits Reach Slowest Pace Since August
Forbearance exits trickled below 1%, as the share of total loans in some stage of forbearance fell to 2.15% nationwide.
Read More »Computershare Extends Servicing Pact With Sagent
New six-year deal will enable Computershare to deliver continued top-notch customer service throughout the lifecycle of the mortgage via Sagent’s fintech solutions.
Read More »CFPB: Servicers Must Double Their Efforts to Protect At-Risk Borrowers
Beginning today, the CFPB’s new rule to increase protections over homeowners takes effect, as servicers step up their efforts to assist borrowers in jeopardy of foreclosure.
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