Today in Mortgages
National Mortgage News | October 12
Valuing mortgage servicing rights is tricky in normal times. The foreclosure documentation mess threatens to make the process even more difficult.
National Mortgage News | October 12
Litton Loan Servicing, the nation's fifth largest servicer of subprime mortgages, said it will halt certain foreclosures to review how its processes these delinquent loans.
National Mortgage News | October 12
California State Assemblyman Ted Lieu, a Democrat from Torrance, has asked two state regulatory agencies to temporarily halt foreclosures for 60 days and launch an investigation into the practices of mortgage servicers even though California is a non-judicial foreclosure state.
National Mortgage News | October 12
A Nigerian national who headed a multi-national identity theft and fraud ring, which involved stealing money from home equity lines of credit accounts, was sentenced to 69 months in prison.
National Mortgage News | October 11
The Obama administration said it does not support halting foreclosures nationwide on the grounds that it could delay and hurt a recovery in the housing market.
National Mortgage News | October 11
Home prices reached a bottom in the first-half of 2010 and should rise next year, according to a survey of professional economic forecasters released Monday afternoon.
National Mortgage News | October 11
Default servicing vendor Equator Financial Solutions has experienced a surge in the use of its short sale features on its servicing platform, and now the Los Angeles-based company is adding a new invoicing function to streamline payments.
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