Scalable subservicing technology fuels LoanCare’s growth Financial Mortgage, Inc., has chosen to outsource closing coordination, title and escrow, post-closing and subservicing vendor coordination and delivery to Guardian Mortgage Services (GMS) in order to better manage fixed costs, improve salability on the secondary market and fuel even faster growth.90-year-old WWII vet returns to home after eviction Johnnie Hodges Sr., 90, a WWII Vet lost his house in foreclosed. In 1990’s, he took out second loan to fix the house; and the loan was behind years ago. He started behind the payment his house after his wife Alzheimer’s in 2008 and bills started building up.FHFA delays principal reduction ruling After tacitly supporting the policy and hinting at a definitive approach, the FHFA has delayed its decision on principal reductions. Facing mounting support for the policy, Acting Director Ed DeMarco reversed himself somewhat in early April when he came out in favor of a principal reduction program with limited scope and specific targets among the nation’s distressed homeowners.Monday Morning Cup of Coffee: Lenders react to FHA mortgage insurance changes Checking, savings, investments, mortgage, loans, insurance. BB&T offers banking services to help you reach your financial goals and plan for a sound financial future. BB&T – All We See Is You.
· Prince George’s, Montgomery Counties Sue Banks Over Mortgages to Minority Citizens Wells Fargo and Bank of America said the allegations are meritless
New ECOA rule means collateral valuation pipelines may be leaking 40% of subprime mortgages stand delinquent, can prime be next? The combination of expected interest rate increases and more subprime borrowers in the consumer lending market will spur delinquency rate rises in 2017 for auto loans and credit cards. TransUnion’s (NYSE: TRU) 2017 consumer credit market forecast also found that serious mortgage loan delinquency rates are expected to drop, while unsecured consum.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x THIS ANNUAL REPORT CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS.MBA: Jumbo loans drive mortgage credit availability Lehman Brothers collapse did more good than bad Final 4Q GDP estimate comes in below expectations alabama supreme court rules in favor of mers foreclosure mess exposes the rot from within The endless foreclosure mess – WDIV Local 4 – This foreclosure mess is just that. It is also endless. What it continues to do is make us all feel like it is entirely unnecessary and certainly an unwieldy process.Why one Alabama man is suing on behalf of an aborted fetus – If it stays in the state system, he said, even the Alabama Supreme Court is unlikely to rule in favor of the father. “That case is not going to be upheld until Roe v. Wade is reversed,” Johnston told.As Earnings Season Rolls On, Many Companies Have Beaten Expectations – and the final april reading for the University of michigan consumer sentiment index. Perhaps the most highly anticipated report comes on Friday with the government’s first estimate for Q1 gross. · Lehman’s Three Big Mistakes. The collapse of Lehman Brothers one year ago this week has us asking ourselves what principles of financial intelligence we can learn from Lehman’s failure. The financial crisis that engulfed Wall Street and the economy in general, after all, provides a good backdrop for some important lessons.The Mortgage Bankers Association’s (MBA)Mortgage Credit Availability Index (MCAI), a monthly gauge of credit access based on metrics and underwriting criteria from more than 85 lenders, increased.