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Any proposal would have to include financing mechanisms to pay for the program, Nava said. Nevada, for example, has a foreclosure mediation program in which both the borrower and lender pay $200 fees, which are used to compensate the mediator. Nava said...
Tags: Assemblyman Pedro Nava, mediator program, Nevada Assembly, loan modifications, San Francisco, Mortgage, Foreclosure, Mortgage modification, Personal finance, Valuation, Business Finance, Real property law, Banking, MERS
It's déjà vu all over again as mortgage lenders keep posting the same Texas properties for foreclosure. Lenders posting and then sparing thousands of Texas properties from foreclosure accounted for 44 percent of the foreclosure filings in a 19-county...
Tags: Texas A&M University, Central Texas, foreclosures listing, Foreclosure Listing Service Inc, loan modifications, multiple posts, Jim Gaines, Bexar County, foreclosures posts, Denton, Mortgage, Mortgage loan, Foreclosure, Finance, Real estate, Business Finance, Real property law, Banking, Loss mitigation
The program has struggled since being launched in March with lenders applying it unevenly and slowly throughout the industry. Through October, 650,994 delinquent borrowers have received help under the program, or 20 percent of those potentially eligible,...
Tags: Treasury Department, Barack Obama, loan modifications, trial loan, eligible homeowners, obama administration, relief program, mortgage relief, U.S, president barack
With hundreds of Floridians filing complaints about troubles with their lenders over home mortgages, state and federal officials say they're ramping up efforts to improve the process for borrowers who need a loan modification. Florida attorney general...
Tags: loan modifications, Bank of America, Florida Attorney General
The refinancing program is part of the Obama administration's massive housing program, known as Making Home Affordable. The administration has said up to 7 million borrowers could benefit from the effort. But it has received less attention than its sister...
Tags: loan modifications
CGI Group Inc. (GIB.A)( GIB ), a leading provider of information technology and business process services, today announced its Loan Modification Service(TM), a business processing service to provide banks and loan servicers with the capacity to handle...
Tags: loan modifications