On July 10, 2024, the Consumer Financial Protection Bureau issued a proposed rule that would scuttle the current Regulation X mortgage servicing procedures in favor of a system that broadly construes ...

On July 10, the CFPB proposed a rule to amend RESPA regulations originally issued in 2013 regarding the responsibilities of mortgage servicers. The rule removes the definition of “loss mitigation ...

A coalition of six organizations representing mortgage companies and borrowers has sent a letter to the Federal Housing Administration (FHA), urging the extension of the current loss-mitigation ...

We are seeing tremendous transformation within the loss mitigation space. Remedies for distressed borrowers previously limited to bankruptcy relief have seen significant expansion through the creation ...

MBA, ABA, NMSA sign joint letter seeking to simplify & clarify the plan, as well as to extend the time to implement it. The Federal Housing Administration (FHA) on May 31 proposed a new home-retention ...

Falling behind on your mortgage payments is an incredibly stressful situation. When you miss multiple payments, the lender may start the foreclosure process to take possession of your home. However, ...

Freddie Mac (OTCQB: FMCC) today announced it sold via auction 25 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related ...

New white paper says policymakers should preserve the critical features mortgage servicers implemented throughout the pandemic. For the Mortgage Bankers Association (MBA), the future of mitigating ...

The Consumer Financial Protection Bureau said it expects mortgage servicers to continue offering forbearances, deferrals and loan modifications to consumers experiencing financial hardships unrelated ...

BOSTON — A Westminster man was sentenced to seven months in prison after pleading guilty to defrauding mortgage lenders. Gabriel T. Tavarez, 40, charged with conspiracy to commit wire fraud and ...

Auto loans and retail installment contracts are often referred to by industry executives as paper. When Craig Paterson began his career in automotive, many of t ...