The loans were sold in three pools, and winning bidder for all three was GCAP Management Services 2015-13. The loans were an average of about three years delinquent, meaning it is likely that all the borrowers have been evaluated for or are in some stage of loss mitigation, or are in foreclosure.
The post Freddie Mac Announces Sale of Deeply Delinquent Loans Totaling $985 Million in UPB appeared first on DSNews.
The secondary reserve could also be referred to as an escrow account, where funds are held until a resolution is created on GSE reform. The bill would establish a secondary reserve by inserting the new language into the existing statutes.
The post House Bill Aims to Protect Taxpayers by Establishing Capital Reserve Fund for GSEs appeared first on DSNews.
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Jeff Weisserman, Managing Partner and General Counsel with Trott Law, P.C.
The post Counsel’s Corner: The Positive Side of Devoting More Resources to Compliance appeared first on DSNews.
What is The Short Sale Specialist Network?
We are a nationwide network of Realtors® who are specialists in helping homeowners avoid foreclosure by working a short sale. We have created this site as an outlet for our referral and training programs, as well as to provide a resource for agents around the country to network with each other and discuss tactics and strategies in order to better work short sales.
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What is the Purpose of an Appraisal?
A mortgage has many specific pieces involved in it. Obviously there is the money supplied by the lender to pay the seller for their asking price. There…Continue
Finding that Elusive Starter Home
The past few years have brought several changes in the real estate industry. The housing bust of 2006-08 led many people to either sell or walk away from their home. As the market is continuing to rebound, many investors have scooped up homes at affordable prices and are offering them as rental properties. In addition, other…Continue
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