Falling behind in payments doesn’t have to mean a borrower is doomed to lose their home. Lenders and servicers are often willing to work with the borrower to find options that allow the borrower to remain in their home while ...
Read More »Florida Ends Housing Aid Program With $88 Million Unspent
On Wednesday, the state of Florida ended three programs designed to distribute federal housing aid funds, all under the banner of the Florida Hardest-Hit Fund (HHF). While that in itself would be noteworthy, the decision to end the programs is ...
Read More »Total FHFA Prevention Actions Edge Close to 4 Million
Collectively, Fannie Mae and Freddie Mac sealed 18,034 foreclosure prevention actions back in October, bringing the combined total to 3,990,723 since the GSE conservatorships launched in September 2008, so says the Federal Housing Finance Agency’s (FHFA) October 2017 Foreclosure Prevention Report. By ...
Read More »Ocwen Utilizing HAMP More to Assist Borrowers
Ocwen has been a HAMP participant since the program’s initiation in 2009 as well as an early adopter of Treasury's streamline modification program in January 2016.
Read More »More Modifications Focusing on Sustainability
According to the OCC, the majority of mortgage modifications performed by the seven largest banks include multiple actions focused not just on affordability but on sustainability of the loan.
Read More »Servicers Get Some Help from the GSEs
What change did Fannie Mae and Freddie Mac make to their benchmark mortgage modification interest rates, and how will this change help mortgage servicers?
Read More »Congressionally-Funded Loss Mitigation Program Counts Two Million Served
Nicole Harmon, VP of Foreclosure Mitigation Programs at Neighborworks America, recently spoke with DS News about what the milestone of counseling two million homeowners through the NFMC means for the mortgage industry.
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