Making Home Affordable Program Servicer Performance Report Through April 2010

Calculated Risk About 299,000 modifications are now “permanent”, and 277,000 trial modification cancelled. There is still a huge number of borrowers in limbo. According to HAMP, there are 637,353 “active trials”. As of April, there were 1,214,085 trials started, and as of last September there were 553,568. That gives 660,000 trials started over the last … Read more

How Much Blood Must be Shed? Police: Foreclosure Led to Murder-Suicide

HOUSTON – Homicide investigators say a northwest Houston home under foreclosure apparently led the struggling residents to take their own lives. Police arrived at approximately 11 p.m. Sunday to the home on Arncliffe Drive near Antoine Drive and found a married couple shot to death. The couple left notes that indicated the shootings were suicides … Read more

Class Warfare: Hundreds Protest Outside Bankers’ Houses In DC

Huge angry mobs converged outside bank employees’ houses on Sunday afternoon to demand banks stop lobbying against Wall Street reform. Huge angry mobs converged outside bank employees’ houses on Sunday afternoon to demand banks stop lobbying against Wall Street reform. “Bank of America: bad for America!” shouted community leaders outside the house of Bank of … Read more

Foreclosure Law Update – MBA’s National Mortgage Servicing Conference and Expo 2010

A record number of states revised foreclosure laws or enacted new requirements, such as mandatory mediation, in an effort to help delinquent borrowers save their homes. The panelists will discuss and analyze 2009 legislation affecting 1. FORECLOSURE NOTICES 2. M.E.R.S. Update 3. MEDIATION–A comparative analysis of state mediation requirements: California; Connecticut; Florida; New Jersey; New … Read more

The Devil is in the Details – Introducing LPS Government Solutions

A Trusted Partner Of Government Agencies LPS is already working in a variety of capacities with many government and government-sponsored agencies, including: • Bureau of Reclamation • Fannie Mae® • Federal Deposit Insurance Corporation (FDIC) • Federal Housing Finance Agency • Federal Reserve System • Freddie Mac® • Ginnie MaeSM • Hope Now Alliance • … Read more

The Real Employers of the Signers of Mortgage Assignments to Trusts

BY Lynn E. Szymoniak, Esq., Editor, Fraud Digest (szymoniak@mac.com), The Real Employers of the Signers of Mortgage Assignments to Trusts [scribd id=31481301 key=key-1gm6ucbeqlhzqu5vqz2 mode=list]