Senate Majority Leader Corbett came through for many homeowners in a tight pinch. Those that were worried about completing a short sale while still having a second mortgage that could come after them years later, commonly to what everyone refers to as seeking a deficiency, was not a settling thought for many sellers who...
Absolute Consultant Group (ACG), a leader in Loss Mitigation and Workout Negotiations, is reporting today that they received word from a Bank of America (BAC Home Loan Servicing LP) insider that there will be a new expansion into the Nationwide Homeownership Retention Program (NHRP). Most importantly these enhancements to the Attorney General’s program will be the addition...
Ocwen Financial Corporation feels that even in the midst of a financial collapse that they are not going to offer their clients the option to short refinance. In many cases this type of decission is up to the investor, whether or not to allow the short pay off, but it seems that there is...
Surprise! Not really. The largest bank in the world taking some of the largest hits just makes sense. Especially after they bought only one of the largest sub-prime servicers this side of the Mississippi (probably either side). Kenny Lewis has the Czar on his back and on the heals of that these numbers come...
While a lot of people of hurting it will be nice to see that the lenders who cause this mess are not going to be getting away completely free. As the government’s pay Czar reviews the compensation that is received by the management in the companies that received TARP and other funds from the...