CFPB Issues Final Rule Amending Mortgage Servicing Rule
The Consumer Financial Protection Bureau today issued a 900-page final rule amending its mortgage servicing rules.
Tag: 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 ...
Agencies Release White Paper on Future of Foreclosure Prevention
In a white paper released today, the Department of the Treasury, the Department of Housing and Urban Development and the ...
FHFA: Most Borrowers Eligible for Principal Reduction Are in Fla., N.J., N.Y.
More than three quarters of seriously delinquent homeowners who are eligible for Fannie Mae and Freddie Mac’s one-time principal reduction ...
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 ...
FHFA Releases Data on GSEs’ Sales of Non-Performing Loans
Fannie Mae and Freddie Mac have sold more than 41,600 nonperforming loans as of May 31, with a total unpaid ...
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, ...
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 ...
OCC: Mortgage Performance Improves Year-on-Year
The share of current and performing first-lien mortgages rose to 94.1 percent for the fourth quarter of 2015, up from ...
Congress Extends Foreclosure Protection for Service Members
Congress voted yesterday to renew a part of the Servicemembers Civil Relief Act that provides one-year foreclosure protection for military ...
