HUD's Distressed Asset Stabilization Program has been heavily criticized by housing advocacy groups and activists. What changes did the Department make to the program with the goal of achieving the best outcomes for borrowers?
Read More »Freddie Mac Peddles More Deeply Delinquent Loans
The transaction included five pools of non-performing loans serviced by Bayview Loan Servicing and were an average of five years delinquent.
Read More »Freddie Mac Unloads More Deeply Delinquent Loans
As part of its strategy to reduce the liquid assets in its mortgage portfolio, Freddie Mac has now sold $4.3 billion worth of non-performing loans.
Read More »Where is the Middle Ground in NPL Sales Guidelines?
Are the guidelines for the buyers of agency non-performing loans too strict or not strict enough? There are risks attached to both, which makes it necessary to find a balance between the two.
Read More »Fannie Mae’s Portfolio Gets a Little Less Delinquent
Wall Street has figured in another billion-plus dollar non-performing loan (NPL) sale for one of the GSEs.
Read More »Borrowers to Get a Boost from Distressed Loan Sales Changes
The enhancements may not be the changes the advocates and lawmakers were looking for, but they are still aimed at achieving the best borrower outcomes.
Read More »FHFA Throws Struggling Homeowners a Lifeline
For seriously delinquent, underwater homeowners struggling through the murky aftermath of the financial crisis, help is on the way in the form of a gift from the Federal Housing Finance Agency.
Read More »HUD’s ‘Wall Street Giveaway’ Draws Ire of Advocates
Both HUD and FHFA have recently made changes to their distressed loan sales aimed at improving borrower outcomes. But for some housing advocates, it hasn't been enough.
Read More »From Distressed to Success? Lawmakers Demand More Info from HUD
Do investors and private equity firms that buy distressed loans really help borrowers achieve the best outcomes? Two Democratic lawmakers want to know.
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