Servicers face an increasingly challenging business environment. According to the Mortgage Bankers Association's 2009 Q4 National Delinquency Survey, nearly 9.47% of loans are in default. [read more]
The nation's community development financial institutions (CDFIs) are receiving a greater level of recognition, including a new infusion of federal funding to bolster their mission [read more]
Although there are several regulatory aspects of the hazard insurance industry of which servicers should be considerate, the biggest change is that regulators in various [read more]
Maryland has implemented non-mandatory mediation into its foreclosure process, in an attempt to keep Marylanders in their homes and paying their loan obligations. The bill, [read more]
As short sales absorb a larger role in foreclosure prevention, concerns about possible increased occurrences of fraud persist. From valuation fraud to post-transaction flipping, there [read more]
As part of the roll-up to the current debate over financial regulatory reform, the leaders of the Federal Reserve System went on the offensive with [read more]
In the year since Making Home Affordable's (MHA) inception, servicers have repeatedly asked the same question: How do you comply with a program whose rules [read more]
Despite numerous improvements in the area of default management - including significant increases in servicers' loss mitigation staff and greater emphasis on payment-reducing modifications - [read more]
Residential Mortgage
