The Consumer Financial Protection Bureau today issued a 900-page final rule amending its mortgage servicing rules.
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.
In a white paper released today, the Department of the Treasury, the Department of Housing and Urban Development and the Federal Housing Finance Agency outlined five principles to guide the creation of future foreclosure prevention programs.
More than three quarters of seriously delinquent homeowners who are eligible for Fannie Mae and Freddie Mac’s one-time principal reduction program, announced in April, live in just 10 states, according to figures released today by the Federal Housing Finance Agency.
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.
Fannie Mae and Freddie Mac have sold more than 41,600 nonperforming loans as of May 31, with a total unpaid balance of $8.5 billion, according to the first Non-Performing Loan Sales Report released by the Federal Housing Finance Agency today.
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.
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.
The share of current and performing first-lien mortgages rose to 94.1 percent for the fourth quarter of 2015, up from 93.2 percent a year earlier, according to the Mortgage Metrics Report released today by the OCC.
Congress voted yesterday to renew a part of the Servicemembers Civil Relief Act that provides one-year foreclosure protection for military personnel leaving active duty through 2017.