Servicers

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Latest blogosphere posts tagged “Servicers”

  • As HAMP Fails, Treasury Flails | Mortgage Loans Equity .Net – Home …


    Loans | Cheap Loans | Personal Loans |Free loansAuthority Authority: 116
    From Bloomberg: Homeowners Get More Time for Home – Loan Modifications Mortgage servicers must give US homeowners more time before kicking them out of the government’s loan -modification program … Servicers can’t cancel an active Home … Excerpt from:  As HAMP Fails, Treasury Flails | Mortgage Loans Equity ...
    4 days ago
  • Rogue Loan Modification Servicers, What Are The Signs?


    Blown MortgageAuthority Authority: 463
    The Loan Modification Program is not exactly 2009 success story. Out of the 750,000 trial loan modifications around 31,000 have become permanent, not great odds even if you are a betting man (or woman). What makes things worse is that in order to manage such a volume of trial loan modifications for HAMP (Home ...
    5 days ago
  • Litton Loan Services Nightmare


    LoanWorkout.orgAuthority Authority: 144
    Submitted by a Homeowner: Well guys I am fighting back and fighting angry.If you guys have not done so if you have your account on line I strongly urge each and everyone of you to print and keep all documents. I have the BBB involved Texas, as well as the attorney general Iowa Senator Harkins office [...]
    6 days ago
  • CITI Stops Foreclosures During the Holidays


    LoanWorkout.orgAuthority Authority: 144
    WASHINGTON — Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loans are owned by Citi. Borrowers ...
    1 week ago
  • Banks Say Homeowners Can’t Get Paperwork Together


    LoanWorkout.orgAuthority Authority: 144
    Executives at Chase and Bank of America say they are struggling to get homeowners to complete the necessary paperwork for the Obama administration’s Making Home Affordable Loan Modification Plan. These banks are claiming that only a small percentage of homeowners have completed the process. “There is great ...
    2 weeks ago
  • Technical Defaults Challenge Reverse Mortgage Servicers


    Reverse Mortgage DailyAuthority Authority: 508
    To some, the term “technical default” is akin to being “somewhat pregnant” – i.e. inherently contradictory, since one either is or isn’t. However, with so much sensitivity surrounding seniors and reverse mortgages, their failure to properly make tax and insurance (T&I) payments produces a “you go ...
    3 weeks ago
  • Obama Socialized Housing Policy: If At First You Don’t Succeed . . . Try, Try, Again


    Sense on CentsAuthority Authority: 436
    The fact that the Obama administration is reticent to release data pertaining to completed mortgage modifications speaks volumes as to the lack of success of this initiative. With almost a third of American homeowners now ‘underwater’ on their mortgages, Obama and team are sticking to their game plan to modify ...
    3 weeks ago
  • Obama Administration Takes New Steps to Help Homeowners


    Move Trends Real Estate Blog - The Leader in Online Real EstateAuthority Authority: 441
    In an attempt to continue to deliver on their goal of assisting up to 4 million delinquent homeowners with the $75 billion loan modification plan, the Obama administration has taken new steps to pressure banks into helping troubled homeowners. According to CNN Money, the administration will require loan servicers to ...
    3 weeks ago
  • Obama’s Failure On Foreclosures


    Understanding GovernmentAuthority Authority: 142
    On some early Obama administration issues — labor market recovery, Afghanistan, health care reform — it seems folly to render an even temporary verdict on whether the White House has done a good job. That’s not the case with the epidemic in home foreclosures — thus far it’s been a clear failure. The New ...
    3 weeks ago
  • Name and Shame: White House to Name Ruthless Mortgage Servicers


    LoanWorkout.orgAuthority Authority: 144
    The US Treasury is planning to announce a new program Monday intended to place pressure on uncooperative mortgage lenders to offer more loan modifications for struggling homeowners. The name of the new mortgage strategy to stem the foreclosure crisis by the White House will be called “name-and-shame.”For over ...
    3 weeks ago
  • Obama to push banks on mortgages (FREE stuff!)


    StupidicaAuthority Authority: 177
    NEW YORK (CNNMoney.com) -- As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers. Under the new initiative, the government will provide more resources for borrowers and will partner with organizations to offer ...
    4 weeks ago
  • Indymac Bank F.S.B. v Yano-Horoski: Judge Grants Homeowners a Huge Victory


    LoanWorkout.orgAuthority Authority: 144
    Indymac Bank F.S.B. v Yano-Horoski2009 NY Slip Op 52333(U)Decided on November 19, 2009Supreme Court, Suffolk CountySpinner, J.2005-17926Steven J. Baum P.C.Attorney for PlaintiffP.O. Box 1291Buffalo, New York 14240Diana Yano-HoroskiDefendant Pro Se8 Oakland StreetEast Patchogue, New York 11772-5767Jeffrey Arlen ...
    4 weeks ago
  • Judge Gives Homeowners a Free Home for Indymac’s Shenanigans


    LoanWorkout.orgAuthority Authority: 144
    It looks like another judge “gets” it and has handed a free home to a couple duped homeowners who were really just looking for a little help.The decision came down on November 19 in New York when Suffolk County Supreme Court Justice Jeffrey A. Spinner condemned the actions of IndyMac Mortgage Services (Now ...
    4 weeks ago
  • Citi Mortgage Calls For Principle Reductions


    LoanWorkout.orgAuthority Authority: 144
    NEW YORK (Dow Jones)–As unemployment rises, more borrowers need principal forgiveness on their mortgages, not just restructured loans, Citigroup Inc.’s (C) mortgage chief said.The comments by Sanjiv Das, president and chief executive of Citigroup unit CitiMortgage Inc., came as Citigroup issued its latest ...
    4 weeks ago

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