Tag Archives: foreclosures

CFPB Issues Principles for Future of Loss Mitigation

The Consumer Financial Protection Bureau today outlined four principles that will guide its discussions on the future of loss mitigation as the U.S. Treasury’s crisis-era Home Affordable Modification Program is phased out at the end of this year.

Read More »

OCC: Performing Mortgages Improve Year-on-Year

The percentage of mortgages that were current and performing at the end of the first quarter reached 94.9 percent, up from 94.2 percent a year earlier, according to the Mortgage Metrics Report released today by the Office of the Comptroller of the Currency.

Read More »

ABA Survey: QM Lending Dipped in 2015

The percentage of Qualified Mortgages originated by banks declined in 2015, falling to 86 percent from 90 percent in 2014, according to ABA’s latest Residential Real Estate Survey released today as the association kicks off its annual Real Estate Lending Conference in San Antonio.

Read More »

FHFA Announces Principal Reduction Plan

Borrowers who are seriously delinquent on loans owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for a one-time principal reduction to help them avoid foreclosure and stay in their homes, the Federal Housing Finance Agency announced today.

Read More »