BofA to start reducing mortgage principal
Thursday, March 17th, 2011Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
Mortgage Services III announces acquisition of Complete Mortgage Inc
Wednesday, March 16th, 2011Mortgage Services III LLC (MSI) has announced the expansion of its home loan division into the Greater Milwaukee area with the acquisition of Complete Mortgage Inc. of Sussex, Wis.
Bank of America Becomes Largest Mortgage Servicer to Join HOPE LoanPort
Wednesday, March 16th, 2011HOPE LoanPort(TM), the groundbreaking new web-based housing counselor tool that streamlines submission of completed loan modification applications, announced today that Bank of America, the nation’s largest mortgage servicer, has agreed to use its proprietary technology to partner with non-profit housing counselors to assist homeowners with loan modifications.
BofA to pay $108M for Countrywide mortgage abuses
Wednesday, March 16th, 2011Bank of America has agreed to pay $108 million to about 200,000 homeowners who paid improper and inflated charges to the defunct subprime mortgage lender that became the poster child of the housing apocalypse, Countrywide Financial.
Fannie Mae gets tougher on mortgage servicers
Sunday, March 13th, 2011Fannie Mae (FNMA.OB), the largest provider of funding for U.S. residential mortgages, will begin demanding compensation from mortgage servicing companies that fail to properly handle troubled mortgage loans, the company announced late on Tuesday.
« Previous Entries