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Top Stories

  • Expert Says One HAMP Side Effect is Patchwork Technology

    Mortgage Servicing News | August 31 | Free with Registration

    Servicers may be missing out on mortgage technology advances of the past few years due to capacity pressures and HAMP compliance challenges.

  • Underutilized Section 702 Short Sale Can Save Grace for All

    Mortgage Servicing News | August 31

    At least one expert sees Section 702 of the Helping Families Save Their Homes Act as a "grossly underutilized" strategy that could minimize homeowner abandonment and neglect.

  • Dollars and Sense: Deficiency in a Short Sale

    Mortgage Servicing News | August 31 | Free with Registration

    The news remains ugly. Foreclosures are still the topic of the day, although now we're focused on "short sales." But the underlying question is the same: The house is worth less than the debt. What should we do?

  • Double-Dip Recession Fears Linger On

    Mortgage Servicing News | August 24 | Free with Registration

    Pessimists may not prevail, yet fear of a double-dip recession persists among homeowners and industry insiders despite the economic benefits generated by government assistance programs.

  • Insignificant Price Gains Indicate Stagnation

    Mortgage Servicing News | August 24

    Home price improvements which first generated hope that the mortgage market had started to head out of the crisis are once again indicating a status quo or dubious overall recovery with few exceptions.

  • Drawing On The Wisdom Of Avoidable Loss Strategies

    Mortgage Servicing News | August 24 | Free with Registration

    The search for ways to reinvent collateral risk management, avoid long property vacancies and preservation costs keeps leading the industry into the path of preventive strategies.

Editor's Choice

Prize Winner at the SourceMedia Loss Mit Conference

Mortgage Servicing News | July 27 | Free with Registration

M.E. Mike Wileman, president and CEO of Orion Financial Group, Southlake, Texas, which specializes in real estate-owned property document retrieval, assignments and other assistance for servicers who manage their own portfolios presents, brought to the Second Annual SourceMedia Loss Mitigation Conference in Dallas on July 21-22 one of the perks offered to attendees, an iPad.

FHFA Sees Major Loan Quality Improvements at Fannie/Freddie

Mortgage Servicing News | July 27

The Federal Housing Finance Agency is seeing significant improvement in the quality of loans at Fannie Mae and Freddie Mac as a result of tighter underwriting standards promulgated by the two. Moreover, FHFA chief Edward DeMarco said when it comes to loss mitigation efforts, the GSEs are making inroads, thanks to "more aggressive modifications" and other foreclosure prevention activities.

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  • CMBS Special Servicing Volume Sees Exponential Growth

    Mortgage Servicing News | August 17

    The economic crisis has taken a toll on U.S. commercial mortgage backed securities casting $92 billion into special servicing through the second quarter and rising concerns for the market's future performance.

  • Technology Evaluation and Selection

    Mortgage Servicing News | August 17 | Free with Registration

    In recent months industry vendors and financial services executives —especially mortgage lenders and servicers —have shared a renewed focus on technology evaluation and selection.

  • Switching Focus From HAMP to Proprietary Mods

    Mortgage Servicing News | August 17 | Free with Registration

    The relevance of HAMP has already started to ebb and flow like a tide. Market insiders reiterate that servicers are moving their focus on how to assist borrowers outside of Home Affordable Modification Program even though future expectations also include some HAMP growth by yearend and beyond.

  • Short Sales Are Hot but They Also Incur Risk, Loss

    Mortgage Servicing News | August 10

    New industry research confirms what common sense has been indicating all along: Demand for short sales is on the rise.

Other Voices

  • Make Title Insurance Your Competitive Advantage

    Mortgage Servicing News | August 5

    Mortgage professionals must think outside the rate box when it comes to putting together a compelling package for prospective refinancers. This is where title insurance can become your secret weapon.

Blog of the Week

  • Jon Kempner Come on Down!

    What We're Hearing | August 27

    THIS JUST IN: He's back! That would be Jonathan Kempner, former president of the Mortgage Bankers Association, who left the trade group a little more than two years ago, just as the mortgage industry was crumbling. But let me clarify: Jon is back, but not in mortgages.