Reverse mortgage software and technology provider ReverseVision has grown their company with the addition of a new Operations Team, according to an announcement from the company.
Read More »Lawmaker Asks Treasury, Justice Department for Transparency on GSE Profits
Grassley wrote in his letters that it is unclear whether the President asserted executive privilege to withhold documents regarding the sweeping of GSE profits into Treasury and questions whether the Justice Department was authorized to withhold the documents.
Read More »Servicers Report Q4 Consumer Relief To Settlement Monitor; Investigation of Ocwen Continues
Ocwen also reported that an additional 284,089 borrowers had either started a trial modification or were offered or approved for a trial modification by the end of Q4. These were Ocwen's self-reported numbers and they have not been credited by the monitor as of yet.
Read More »Fannie Mae to Auction Loan Bundle Worth $786 Million in First Bulk NPL Sale
Bidders must meet qualifications set forth by FHFA. In early March, FHFA issued enhanced requirements for the buyers and servicers of Agency non-performing loans that call for bidders to identify servicing partners at the time of qualification and complete a questionnaire to demonstrate a record of successful loan resolution through foreclosure alternatives, since many of the loans being sold in these portfolios are deeply delinquent – two years or more delinquent in some cases.
Read More »Housing Demand and Median List Prices Surge, Indicating a Seller’s Market
Smoke determined the 20 hottest housing markets in the nation based on the number of listing views relative to the number of listings when looking at March data and website traffic. Realtor.com said these markets should see plenty of activity in the next few months as homebuying season gets underway.
Read More »Fannie Mae Survey Shows Housing Sentiment Hurt By Lack of Income Growth
The optimism expressed by consumers toward the economy and the housing market at the beginning of the year has stalled as consumers' attitudes toward personal finances and wage growth have taken a step backward, according to Fannie Mae's March 2015 Housing Survey released Tuesday. Whereas February's survey showed that consumer optimism toward the economy was at an all-time high, March's survey painted a different picture.
Read More »Black Knight, Five Star Report on CFPB Consumer Complaints Receives Positive Reaction
Five Star President and CEO Ed Delgado, who initially proposed the idea for the report last year, stated that the purpose of the report was not to "dismiss or diminish" the validity of the inquiries by consumers, but rather to "position and better understand the data."
Read More »Freddie Mac to Pre-Market First-Ever STACR Offering April 13
Freddie Mac began the STACR program in the second half of 2013 as part of the Enterprise’s goal of reducing risk to taxpayers by increasing private capital’s role in the mortgage market.
Read More »Black Knight and Five Star Release Study on CFPB Consumer Complaints
In a report to be released Friday titled "Analysis and Study of CFPB Consumer Complaint Data Related to Mortgage Servicing Activities,” Black Knight Financial Services (BKFS) and the Five Star Institute (FSI) seek to provide context and insight to complaints received by the CFPB by comparing the CFPB's two predominant mortgage complaint categories, servicing and default, with loan trends. The report includes publicly available data from both the CFPB and mortgage servicers, as reported from the CFPB database
Read More »JP Morgan Chase Paid More than Half of $4 Million Settlement
Independent monitor Joseph A.Smith verified Chase's claim made in December that the bank had provided $2.24 billion in consumer relief credit to 111,924 borrowers as of the end of the third quarter (September 30, 2014). Chase has until December 31, 2017 – nearly three full years – to pay the approximate remaining amount of nearly $1.8 billion of its obligation toward consumer relief under the settlement.
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