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JPMorgan Chase Has Completed the Most HAFA Deals

07. Jul, 2011 0 Comments

Since the launch of the Home Affordable Foreclosure Alternatives (HAFA) program in April 2010, JPMorgan Chase has completed more short sales and deeds-in-lieu of foreclosure through HAFA than any other mortgage servicer. That being said, there’s stil

Related posts:

  1. JPMorgan Chase to Begin Refiling Foreclosures
  2. JPMorgan Chase Needs $ 4.5 Billion to Fight Legal Battles
  3. Less than 13,000 HAFA Transactions Started Since Program Inception

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Some 5,000 HAMP Modifications Include Principal Reductions

05. Jul, 2011 0 Comments

The Treasury Dept.’s latest data on the Home Affordable Modification Program (HAMP) now includes data on those modifications with principal reductions. Known as Principal Reduction Alternative (PRA), mortgage servicers have cut the principal on nearl

Related posts:

  1. Homeowners in HAMP Give Negative Feedback
  2. Fannie Mae/Freddie Mac loan modifications increase in 2nd Quarter
  3. Loan Modifications Update

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Mortgage Servicing Litigation Sees Rapid Jump

28. Jun, 2011 0 Comments

Mortgage servicing litigation has skyrocketed 88% in the 2011 first quarter. These figures were released last week in a report by MortgageDaily.com and law firm Patton Boggs LLP. Reasons given include all the robo-signing scandal uncovered last fall

Related posts:

  1. Pressure Mounting for Creation of National Mortgage Servicing Rules
  2. Mortgage Delinquencies Improve for 5th Straight Quarter
  3. Why Do We Care What Mortgage Servicers Want in Settlement Talks?

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Can’t Get a Hold of Your Short Sale Negotiator?

23. Jun, 2011 0 Comments

On this week’s PFDG “Tip of the Week” we dig into the best ways to get a hold of your loss mitigation negotiator when he or she is not calling you back on your short sale transaction (which happens all too often)! Listen in as we not only cover

Related posts:

  1. What Bank of America WILL NOT Allow Short Sale Buyers
  2. Why You Should “Never” Submit Multiple Short Sale Offers
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New Servicing Rules Issued by Fannie Mae for Delinquent Mortgages

10. Jun, 2011 0 Comments

Fannie Mae has announced new standards for mortgage servicers regarding default prevention, managing delinquent loans and foreclosure time frames. The new rules are supposed to help with problems in mortgage servicing, including inadequate communi

Related posts:

  1. Fannie & Freddie Issue New Guidelines for Delinquent Mortgages
  2. Pressure Mounting for Creation of National Mortgage Servicing Rules
  3. Fannie Mae to Offer Buyer Assistance on REOs

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