loan servicer | firsttuesday Journal

Loan production costs are drowning mortgage brokers

by Carrie B. Reyes | Apr 13, 2023 | Economics, Finance, Mortgages, Real Estate, Recessions | 0

Just 32% of loan companies were able to remain profitable in 2022.

May a mortgage be assigned to a new loan servicer while it is in default?

by Benjamin J. Smith | Dec 31, 2019 | Real Estate, Recent Case Decisions | 0

Myles v. Pennymac Loan Services, LLC Facts: An owner defaults on a mortgage secured by their...

Does a loan servicer have a duty to respond to letters challenging loan terms and requesting modification?

by Matthew Shade | Oct 21, 2013 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

Owners sent three letters challenging the validity of the loan terms and requesting modifications to the loan servicer. The loan servicer did not respond to the letters.

Look out! Transfer of servicing rights may derail short sales

by Greg Huitrado | Mar 27, 2013 | Real Estate | 0

Short sales don’t need another stumbling block. However, an increasing number of short sales are...

Servicers must assist underwater military members ordered to relocate

by Carrie B. Reyes | Jul 24, 2012 | New Laws, Real Estate | 0

This guidance addresses concerns about mortgage servicer practices involving military service...

Critics demand fewer HARP 2.0 restrictions

by Carrie B. Reyes | May 8, 2012 | Reader Polls, Real Estate | 5

Do you personally know any borrowers who received a HARP 2.0 refinance? No (85%, 79 Votes) Yes...

New procedures for the Home Affordable Modification Program (HAMP)

by Connor P. Wallmark | Feb 12, 2010 | Real Estate | 0

In the spring of 2009, the federal government’s Home Affordable Modification Program (HAMP) had prodigious goals aimed at helping up to four million Americans. Mortgage lenders were instructed to modify loan terms of troubled...