Articles tagged with: Council on Residential Mortgage Servicing for the 21st Century
Business, News, Politics, Real Estate »
Here’s a newsflash — foreclosures are still plaguing the real estate and mortgage industries.
The amount of foreclosures in the nation has prompted Federal Deposit Insurance Company (FDIC) Chairman Sheila C. Bair to declare it is in the best interests of borrowers and lenders to pursue loan modifications.
We all know the story by now. People got in over their heads with either subprime or — in some cases — prime mortgages and the ramifications have been severe. Entire neighborhoods stand nearly empty in some parts of the nation and home values …
Business, News, Real Estate »
The national Mortgage Bankers Association announced this month that it had launched a task force to examine residential mortgage servicing and make recommendations geared toward improving the system.
Why should you care? Because mortgage servicing has a major impact on everything from how much your mortgage payment is to the overall economy. Mortgage servicers have, in fact, been blamed by Fannie Mae and Freddie Mac for the so-called “robo-signing” controversy that led to all those questions about whether foreclosures were being done legally.
Anyone who has taken out a mortgage at one …