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Articles tagged with: servicer

Business, News, Real Estate »

[18 Dec 2010 | 2 Comments | 1,697 views]
Taking a hard look at residential mortgage servicing

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 …

Business, News, Real Estate »

[15 Oct 2010 | 13 Comments | 3,184 views]
Take that foreclosure notice seriously

Unless you’ve been completely out of contact with the various media outlets throughout the United States, you’ve heard that attorneys general in all 50 states and banking regulators in 30 states launched an investigation into foreclosure practices.
Click the aforementioned link for more details, but the long and short of it is this — there are some serious questions about the adequacy of paperwork filed in foreclosure actions around the nation. There have been questions in some extreme case over the ability to bring a legitimate foreclosure action at all due …