Housing recovery evolves mortgage modification landscape

Lawsuits allege fee-splitting at Prommis, LPS A bombshell deposition by LPS employee Written by Biloxi When it rains, it pours for the Jacksonville, Florida based Lender Processing Services Inc. Lender Processing Services, Inc,

A "recovery," that is, in which the true underemployment rate is 17.5%, average employee wages continue to drop, and the housing market is in shambles. like campaign signs repeatedly proclaim:.

mortgage modification program that can save your house from foreclosure Deeply indebted homeowners with government-backed mortgages may have a fresh shot at receiving meaningful mortgage relief, but it will likely come with strings attached, reports TheStreet.com.

The mortgage heavyweight is. Mortgage financier Freddie Mac announced late last week that it was expanding its forbearance program for unemployed borrowers.. beginning on February 1, mortgage loan servicers will be able to offer forbearance to unemployed borrowers for up to six months without prior approval from Freddie Mac.

Government Loan Modifications Today Federal Housing Administration, VA, and USDA modifications use three primary levers: (1) rate resets to market rate (subject to certain conditions), (2) term extensions, and (3) partial claims. Resets to the market rate. The interest rate on an FHA, VA, or USDA loan is generally reset to the

Freddie Mac: mortgage interest rates rose again last week mortgage buyer freddie mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, from 4.45 percent last week. Despite the recent declines, home borrowing rates are above last year’s levels. The key 30-year rate averaged 4.22 percent a year ago.

Economic recovery progressing slowly So then. The news on the housing front is also very encouraging. Fewer homes are going into foreclosure. And, with mortgage rates at rock bottom, home sales.

HSBC yanks massive PHH mortgage servicing portfolio Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply.

Gateway First Bank appoints head of community reinvestment, fair lending Posted By: leverton Last month, Oklahoma-based Gateway First Bank emerged with a new name following Gateway Mortgage Group’s acquisition of Farmers Exchange Bank.With employee review websites such as Glassdoor, the popularity of a given CEO is readily available. 24/7 Wall St. reviewed the top 50 employee rated chief executives at U.S.-based companies from.

The U.S. Department of Housing and Urban Development (HUD) filed charges on Friday against Bank of America and two of its employees, saying they wrongfully discriminated against prospective.

have faced since the current housing recovery began. It is a complex year when you can make these two statements and have them both be true. The U.S. housing industry entered 2018 with tremendous momentum and expectations for another year of double-digit growth, as the fundamental macroeconomic supports of demand remained solidly in place. While