in News > Mortgage Servicing
print the content item


Sen. Richard Blumenthal, D-Conn., has announced plans to launch a new investigation into mortgage servicing practices.

The investigation will be conducted through the Senate Judiciary Committee. Blumenthal will ask the nation's leading servicers to explain their current operational policies, as well as their procedures related to filing proofs of claim in the bankruptcy courts.

"The rate of foreclosure and families that struggle with their mortgage payments is one of the single largest barriers to economic recovery that we still see today," says Blumenthal. "This investigation will ask the tough questions to bring about real changes to this broken system so that people can no longer be given the runaround when trying to stay in their homes."



Interthinx has Your Blueprint for Quality_1375


Latest Top Stories

S&P/Case-Shiller: Home Price Appreciation Losing Steam

Nationally, home prices increased 0.2% in August, compared to July; however, most markets are now seeing their annual gains decelerate, due in part to decreased investor activity.


Regulators Approve Final QRM Rule

Final rule eliminates requirement that borrowers must put down 20%.


FHFA Clarifies Rep And Warranty Framework

"We know that the [existing] Representation and Warranty Framework did not provide enough clarity to enable lenders to understand when Fannie Mae or Freddie Mac would exercise their remedy to require repurchase of a loan," said Mel Watt, director of the FHFA.


Mounting Indicators Prove Housing 'Recovery' Illusory

While there are some signs that things are improving, in reality there are mounting indicators that another housing downturn is near.


Wingspan Lays Off Employees At Two Call Centers

"It is in the nature of our work with large financial institutions to wrap up specific contracts for services and to have brief periods of time before new contracts begin," Wingspan officials said in a statement.

Urban Lending_id1351
Hse SandyHook
Industry Resource
Play for Pink
Safeguard_id1322
SWBC_id1313
MBATX_id1385
BSI_id1381