mortgage servicing

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Latest blogosphere posts tagged “mortgage servicing”

• American Home Mortgage Servicing Inc. Files Lawsuit Against Ohio Attorney General

  
  LoanWorkout.org — Authority: 441
  COPPELL, Texas–(Business Wire)– American Home Mortgage Servicing, Inc. (AHMSI) filed suit today in Franklin County, Ohio, against the Ohio Attorney General to dispute unsupported allegations made in a pre-suit letter from the Ohio Attorney General`s office regarding the company’s mortgage loan servicing ...
  4 days ago

• Ohio Attorney General Sues American Home Mortgage Servicing Inc.

  
  LoanWorkout.org — Authority: 441
  Cordray Files Second Suit Against Mortgage Servicers – 11/5/2009(CLEVELAND)—Ohio Attorney General Richard Cordray today filed a lawsuit against American Home Mortgage Servicing Inc. (AHMSI), a Texas-based company servicing more than 12,000 subprime and prime mortgage loans in Ohio. The lawsuit alleges numerous ...
  4 days ago

• American Home v. Ohio AG v. American Home

  
  Mortgage-Blog — Authority: 152
  A complaint was filed in an Ohio court against Ohio’s attorney general by American Home Mortgage Servicing Inc. On the same day, the attorney general filed another lawsuit filed another lawsuit in Ohio against American Home. Ohio claims the company used modification agreements that forced borrowers to pay excessive ...
  4 days ago

• PHH Fundings Off, Big MSR Write-Downs

  
  Mortgage-Blog — Authority: 152
  Third-quarter residential originations fell 18 percent from the second quarter, PHH Corp. announced. Applications, meanwhile, were down nearly a quarter. PHH took $186 million in negative valuation adjustments on its mortgage servicing rights.
  4 days ago

• Petition Urging Congress to Regulate Mortgage Servicing Industry and Protect American Homeowners

  
  Denise Richardson — Authority: 422
  A new petition urging Congress to take swift action and regulate the mortgage servicing industry is circulating and growing momentum. As the economy and homeowners continue to struggle, this unregulated industry continues to be the source of  much of the pain and distress felt by borrowers who continue to search for ...
  1 week ago

• Taylor Bean Servicing Settled

  
  Mortgage-Blog — Authority: 152
  Two weeks before Taylor, Bean and Whitaker Mortgage Corp. filed for Chapter 11 Bankruptcy, Wells Fargo Bank terminated Taylor Bean as primary servicer on several securitizations, Moody’s Investors Service said in a newsletter. Wells Fargo is the master servicer on six TBW Mortgage-Backed Trust issuances from 2006 ...
  2 weeks ago

• Asset Acceptance Capital Corp Review

  
  The Mortgage Insider — Authority: 128
  Copyright © 2009 The Mortgage Insider. Visit the original article at http://themortgageinsider.net/mortgage-reviews/asset-acceptance-capital-corp-review.html.Asset Acceptance Capital Corp. ( NASDAQ: AACC) is engaged in the purchase and collection of defaulted and charged-off accounts receivable. AACC buys “bad ...
  3 weeks ago

• JP Morgan Chase fudging the books?

  
  LoanWorkout.org — Authority: 441
  Under U.S. accounting rules in place since 1995, banks are supposed to report the value of their mortgage-servicing rights on a fair-market basis, or roughly what they would fetch in a sale. A bank must record a loss whenever it sells MSRs for a price below where they’re marked on the books.Because there’s no ...
  4 weeks ago

• Five Ways to Identify Loan Modification Scams

  
  Denise Richardson — Authority: 422
  Hiring someone to negotiate a mortgage loan modification on your behalf is similar to blindly feeling your way through an unknown, pitch black room, with nothing to steer you in the right direction.  The stress increases with the wide-spread emergence of scams designed to yank what little money you have left right ...
  7 weeks ago

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