BofA Provides $4.75 Billion in Assistance in First Five Months Under Servicer...
Bank of America has completed or approved more than $4.75 billion in principal reduction offers on first mortgages under terms of the Nationwide Mortgage Servicing Settlement in the five months since...
View ArticleWells Fargo Grants Nearly Five Million Loan Mods to Date
Wells Fargo has reported that between March 1, 2012 and Dec. 31, 2012 the company assisted more than 70,000 homeowners through expanded loan modifications, other customer relief options, and refinances...
View ArticleMore Than 3,000 Wisconsin Homeowners Have Benefited From Servicing Settlement...
Wisconsin Attorney General J.B. Van Hollen announced that $143,628,842 in loan-related relief has reportedly been provided to 3,065 Wisconsin borrowers under the Nationwide Mortgage Servicing...
View ArticleMulti-State Mortgage Committee Reports on 2012's Accomplishments
The Multi-State Mortgage Committee (MMC) has released its 2012 annual report highlighting accomplishments of the Committee in 2012. The MMC spent a considerable amount of time in the mortgage servicing...
View ArticleCheck's In the Mail: Four Million-Plus Borrowers to Receive Servicing...
Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board with 13 mortgage...
View ArticleSen. Boxer Seeks Investigation Into Banks' Non-Compliance in Servicer Settlement
U.S. Sen. Barbara Boxer (D-CA) has urged federal officials to launch an investigation of reports that banks are failing to comply with the terms of the Nationwide Mortgage Servicing Settlement, and to...
View ArticleRemainder of Mortgage Servicing Settlement Checks to be Issued This Summer
Nearly 2.9 million checks, totaling more than $2.5 billion, related to the Independent Foreclosure Review (IFR) Payment Agreement have been cashed or deposited through July 11, 2013. More than 3.9...
View ArticleServicers Still Not Living Up to Monitor's Mandates
Joseph A. Smith Jr., Monitor of the National Mortgage Settlement (NMS), has released a summary of five compliance reports he filed with the U.S. District Court for the District of Columbia.Click to...
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