Tag Archives: Loss Mitigation

Rating agency Moody’s Investor Services has given an above average rating to Rushmore Loan Management Services. Here's why the rating was enhanced for the servicer.

Benjamin Franklin once said that “an ounce of prevention is worth a pound of cure.” As regions such as Texas, Florida, California, and Puerto Rico struggle to recover from damaging natural disasters, the implications of those words for the mortgage, ...

Matthew J. Richardson is Manley Deas’ Director of Litigation and Compliance. Throughout his career, he has practiced in the areas of commercial and financial services litigation and currently focuses his practice on defending mortgage servicers in trials and appeals. Before ...

State lifts restrictions in exchange for fine and debt forgiveness; company admits no wrongdoing.

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 U.S. Department of the Treasury, HUD, and FHFA released a white paper designed to guide future loss mitigation and reflect on the lessons learned from the implementation of these housing recovery programs.

The mortgage servicing industry has become stronger and more efficient in a post-crisis world, according to Freddie Mac.

The FHFA has determined that borrowers eligible for principal reduction tend to be concentrated in communities across the country that have not yet fully recovered from the foreclosure crisis.

Ocwen Financial is planning more outreach events to help borrowers avoid foreclosure.

How many non-foreclosure solutions (modifications, deeds-in-lieu, short sales, and other workout plans) has the industry completed since 2007?