DS News

DS News

Ratings Agency Publishes Report on Freddie Mac Loan Loss Data

By Brian Honea Fitch Ratings has published a special report providing insights into Freddie Mac’s loan loss data comparing observed loss performance for Agency loans to both non-Agency loans and the fixed loss severity schedules the Enterprise uses in risk-sharing transactions, according to announcement from Fitch Ratings. The post Ratings Agency Publishes Report on Freddie Mac Loan Loss Data appeared …

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Servicers Completed Mortgage Solutions for 1.88 Million Homeowners in 2014, Report Shows

By Brian Honea Approximately 1.88 million homeowners nationwide received a mortgage solution in the form of a loan modification, short sale, deed-in-lieu of foreclosure, or other workout plan during 2014, according to data released Wednesday by HOPE NOW. The post Servicers Completed Mortgage Solutions for 1.88 Million Homeowners in 2014, Report Shows appeared first on DSNews. Via:: Servicers Completed Mortgage …

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Report: Citigroup Preparing to Pay $20 Million to Overlooked Victims of Foreclosure Violations

By Brian Honea Citigroup is preparing to pay approximately $20 million to thousands of homeowners who were eligible to receive compensation as part of the Independent Foreclosure Settlement reached between the government and 10 mortgage servicers two years ago over loan servicing and foreclosure procedure violations, according to media reports. The post Report: Citigroup Preparing to Pay $20 Million to …

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AACER: Bankruptcy Filings Continue Year-Over-Year Decline, But Rise 10 Percent Monthly

By Brian Honea While bankruptcy filings nationwide in February continued their trend of year-over-year decline since the foreclosure crisis peaked in 2010, the number of filings rose slightly from January to February, according to AACER bankruptcy data reported by Epiq Systems. While February featured one fewer filing day than January did (19 compared to 20), bankruptcy filings nationwide totaled 65,002 …

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Nationwide Title Clearing Hires New VP of Marketing

By Brian Honea Post-closing services provider Nationwide Title Clearing, Inc. (NTC) has announced the hiring of Gina Morales, APR, as VP of Marketing. The post Nationwide Title Clearing Hires New VP of Marketing appeared first on DSNews. Via:: Nationwide Title Clearing Hires New VP of Marketing       

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RES.NET Reports Increased Demand for Custom Tasking Feature

By Samantha Guzman Real estate solutions provider RES.NET has seen a rise in mortgage servicers’ demand for custom tasking capabilities, which the company attributes to new regulatory changes that were added in the third quarter. More than 80 new changes were made, forcing banks to hire new full-time staff and spend more hours meeting the new demands, according to the …

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DS News Webcast: Wednesday 3/4/2015

By Jordan Funderburk In the first bulk sale of seriously delinquent mortgage loans from its portfolio in 2015, Freddie Mac announced on Tuesday it has auctioned off nearly 2,000 deeply delinquent non-performing loans with an aggregate unpaid balance of approximately $392 million. The loans that were sold in the auction were an average of three years delinquent on mortgage … …

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CFPB’s Perceived Overreach, Lack of Accountability Discussed in Congressional Hearing

By Brian Honea Two major subjects discussed during Tuesday’s hearing entitled “The Semi-Annual Report of the Consumer Financial Protection Bureau” before the House Committee on Financial Services were the Republicans’ perceived lack of accountability on the part of the Bureau as well as whether or not the Bureau’s efforts have been overreaching. The post CFPB’s Perceived Overreach, Lack of Accountability …

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