Facing Economic Troubles – I learned a hard lesson: I learned that the Fed really is there to protect. first it destroys a generation of ideological bromides about free markets, and, second, because it makes visible the ugly.
bailout | loan modification and mortgage reduction – Now that we’ve learned that lenders and servicers have only modified an average of 9% of qualified mortgages under the Obama plan, it’s hard to tell which companies were scamming and which were made to look like scams by the servicers and lenders who failed to live up to their agreement with the federal government.
XLS HAMP Second Lien Data Dictionary – hmpadmin.com – The system shall validate the following servicer submitted values against the loan-level matching data provided by LPS: Second Lien HAMP Servicer Number (DD469), Second Lien Servicer Loan Number(DD470), HAMP Servicer Number (DD8)[First Lien], and Servicer Loan Number (DD14) [First Lien].
BofI Holding posts record quarterly net income BofI Holding, Inc. Eating Short-Sellers' Lunch With Another. – BofI Holding has consistently grown net interest income more than 30% every quarter since the third quarter of 2014 — that’s two years of greater than 30% quarterly net interest income growth.
Fully extinguished second liens under HAMP hard to come by – 2nd Mortgage EXTINGUISHED by Citi Mortgage under 2MP Program. – Congratulations on the modification and having the second lien fully extinguished. The 2mp program doesn’t always end in an extinguished lien for everyone, there is a criteria that the servicer follows and the first lien would have needed to be modified under the HAMP program.
The Middle-Market Multifamily Forum (West): A Forum for Small & Mid-Sized Apartment Owners and Developers MERS wins big once more in Federal Court of Appeals Michigan: Court of Appeals Rules Against MERS by Robert J. Kinggo III Trott & Trott, P.C. – USFN Member (MI) Last month, the Michigan Court of Appeals, in a consolidated case, ruled that MERS cannot foreclose mortgages under Michigan’s foreclosure by advertisement statute, MCL 600.3201, et seq. Residential Funding Co., LLC v.More proof housing is headed for a fall Strong hiring and low unemployment are keeping the economy recession proof. as housing market faces big chill Sharply lower stock prices could also give businesses second thoughts about investment.IMN’s Middle-Market Multifamily conference, February 1-2, 2018, New York, NY for Small & Mid-Sized Apartment Owners and Developers Middle-Market Multifamily Forum (Northeast)  -> Sponsors IMN HOME DIVISION HOME
Peabody Energy Corporation (BTU) – We are including currently dated certifications by our Principal Executive Officer and Principal Accounting and Financial Officer as Exhibits 31.3 and 31.4 under Section 302 of. Act of 1934 and are.
MY SWAN’S SONG: Testimony Before the United States Senate. – The second lien program should be further developed to promote coordination with first lien modifications; servicers should be required to participate in both programs. Goldman Sachs estimates that, starting at the end of the last quarter of 2008 through 2014, 13 million foreclosures will be started.
Second Lien Modification Program (2MP) | Nolo – One of the components of the MHA initiative was the Second Lien Modification Program (2MP). The 2MP program modified or eliminated a borrower’s existing second lien, like a second mortgage, HELOC, or home equity loan. However, the programs under MHA-including 2MP-ended on December 31, 2016. Other Foreclosure Avoidance Options Are Still.
Report: Foreclosure Inventory Hits Record Level in June Existing home sales rebounded in May as low inventory levels pushed median home prices to a new high, according to the latest report from the National Association. passing up last June’s $247,600.Homeowner ‘securitization theory’ BofA claim dismissed I wanted to publish a quick update to yesterday’s article breaking down the challenges BofA will face to its $8.5 billion mortgage rep and warranty settlement. Sources have informed me that the May 30 merits hearing for this settlement proceeding has, in fact, been postponed, with new date yet to be determined (likely several months hence).
Wells Fargo Bank Foreclosure Attorney Procedure Manual is Being Investigated by Four Federal Regulators & Serves as a Basis for Further Discovery – About 84 percent of the files contained what appear to be clear violations of law, it said, and fully two-thirds. through our Privacy Center under the "My Account" dashboard (available if you are.
Two Harbors markets first private RMBS Two Harbors investment corp. reports First Quarter 2019. – NEW YORK–(BUSINESS WIRE)– Two Harbors Investment Corp. (NYSE: TWO), a leading hybrid mortgage real estate investment trust (REIT) that invests in residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR) and other financial assets, today announced its financial results for the quarter ended March 31, 2019.
ION Geophysical Corporation (IO) – Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No þ Indicate by check mark if the registrant is not required to file.
Radian 4Q earnings hit $36.4 million Radian is far from the only mortgage-insurance company to rebound sharply, but it has been one of the biggest beneficiaries from the housing recovery.In June, the company wrote $4.76 billion in.