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Recent revelations that Ally Financial Inc. and JPMorgan Chase & Co. may have cut corners on their foreclosure paperwork have sent the servicing industry into a tizzy, with concerns being raised about massive delays in foreclosures and a reduction in company ratings.
September 30 -
Fixed-rate mortgages as well as the five-year adjustable-rate loan tracked by Freddie Mac continue to reach record lows.
September 2 -
Veri-tax LLC, which provides tax verification and fraud management services to lenders, has been sold to the private investment firm Blue Horizon Capital LLC of Los Angeles.
August 16 -
It is not a new problem, but the phenomenon of pets abandoned in foreclosed and repossessed housing is growing as more families lose their homes.
July 30 -
DALLAS — Underscoring how important sales and people skills have become for loss mitigation, Bank of America Corp.'s home mortgage unit now has 660 originators working on loan modifications, an executive said.
April 9 -
As short sales of distressed homes rise, fraudsters are starting to game the process. In a short sale, a home is sold for less than the mortgage balance and the lender accepts a discounted payoff.
October 5
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