Servicers urged to act quickly in mortgage settlement write-downs Six Servicers Get $9.9B For Loan Modifications Jon Prior was a reporter with HousingWire through late 2012.
Current Mortgage Rates for Tuesday, March 13, 2012. March 13, 2012.. Servicers Urged to Act Quickly in Mortgage Settlement Write-downs. Hmm.. Georgia Joins Other States in Diverting Foreclosure Fund Settlement Money for Non-Housing Purposes.
Chicago – Attorney General Lisa Madigan today urged distressed borrowers to call on her office to help determine if they are eligible for relief under the $25 billion national foreclosure settlement with the nation’s five largest bank mortgage servicers, which was filed this morning in federal court.
If < 120 days delinquent – yes, protection If => 120 days delinquent – no protection -down. Servicers receive credits value of"Consumer Relief" they -1/2 years. , Side Agreements with California and "Consumer Relief" credits to be utilized in their states. Motivations for servicers are difficult to predict.
Michigan credit union ex-CFO shockingly confesses to embezzling $20 million SunTrust pays $320M to resolve HAMP violations SunTrust has agreed to pay $320 million to resolve the criminal investigation into SunTrust’s HAMP Program. The money is divided as follows: Restitution – SunTrust will pay $179 million in restitution to compensate borrowers for damage caused by its mismanagement of HAMP.Ex-CFO accused of embezzling $20M from credit union. Investigators say Michael LaJoice took money over 12-year period from Oakland credit union.
Principal write-downs would be facilitated by providing the FHA the flexibility to insure a broad range of refinancing products for a larger number of at-risk borrowers, including products that offer borrowers an affordable, restructured mortgage if their lender voluntarily agrees to write-down the principal amount of the borrower’s mortgage.
CFPB urges financial businesses to assist hurricane harvey victims. Act, allows faster access to credit secured by a first lien on a dwelling for consumers affected by a major disaster or.
LIVE BLOG: State of the Union Once again, no one wants the Real Housewives of New Jersey stars’ home Job creation surges in June but U6 rate at 12.1% Recovery questioned as jobless claims jump Jobless claims jump points to slowing recovery – Reuters – Jobless claims jump points to slowing recovery. lucia mutikani. While the surprise jump in initial claims for unemployment benefits was blamed on factors ranging from spring break layoffs to.