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Default Servicing News (DS News)

Nomura’s Penalty in Mortgage-Backed Securities Lawsuit Increased to $839 Million

Nomura Holdings and the Royal Bank of Scotland (RBS) have agreed to pay an extra $33 million in addition to the $806 million a judge ordered them to pay for allegedly misrepresenting the quality of mortgage-backed securities sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis.

The post Nomura’s Penalty in Mortgage-Backed Securities Lawsuit Increased to $839 Million appeared first on DSNews.

Los Angeles Drops Mortgage Discrimination Suit Against JPMorgan Chase

In addition its lawsuit against JPMorgan, the city of Los Angeles is also pursuing lawsuit for nearly identical discriminatory issues with Bank of America Corp., Wells Fargo & Co, and Citigroup, Inc.

The post Los Angeles Drops Mortgage Discrimination Suit Against JPMorgan Chase appeared first on DSNews.

Freddie Mac Announces Extensions of State Foreclosure Timelines in 34 Jurisdictions

Freddie Mac has announced that as part of the periodic review, state foreclosure timelines have been extended in 34 of 55 jurisdictions for all foreclosure sales completed on or after August 1, 2015.

The post Freddie Mac Announces Extensions of State Foreclosure Timelines in 34 Jurisdictions appeared first on DSNews.

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Blog Posts

Ventura County Short Sale Market Update #ChrisBJohnsonRealtor

Posted by Chris B Johnson CDPE,SFR,HAFA on July 25, 2015 at 7:14pm 0 Comments

Chris B Johnson, REALTOR®                         Your Moorpark Neighborhood Specialists

ChrisHasYourBuyer.Info                               Time To Buy…

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Moorpark Short Sale Specialist Real Estate Market Update

Posted by Chris B Johnson CDPE,SFR,HAFA on July 3, 2015 at 6:34pm 0 Comments

Chris B Johnson, REALTOR®                         Your Moorpark Neighborhood Specialists

ChrisHasYourBuyer.Info                               Time To Buy…

Continue

Latest Activity

Brett Goldsmith replied to Celeste O'Dea's discussion Shellpoint Mortgage
"That's great that they postponed the auction date! Yes, I've closed quite a few short sales with them. They are easier to work with then many of the smaller servicers, but you do run into the occasional hurdles still. It sounds like…"
23 hours ago
Celeste O'Dea replied to Celeste O'Dea's discussion Shellpoint Mortgage
"Thanks for your response. I was wondering how they were to work with. I was given a referral of a couple who had an auction date of Sept 11, and I did my due diligence and got a contract and submitted it to Shellpoint. They contacted the foreclosure…"
yesterday
Brett Goldsmith replied to Colleen J Couse's discussion Extension Fees & Closing
"Sorry to hear that and for the late response. Have you considered resubmitting an updated Est. HUD for review? I know it is not an ideal situation to do a deal change, but if you cant get BSI to waive the fee and are short due to prorations it may…"
yesterday
Brett Goldsmith replied to Celeste O'Dea's discussion Shellpoint Mortgage
"Yes, I have many times. What are your questions? Call me anytime for questions or support. Brett@ishortsalenow.com 310-564-6389 www.ishortsalenow.com"
yesterday
Celeste O'Dea posted a discussion

Shellpoint Mortgage

Has anyone worked with Shellpoint Mortgage on a short sale?See More
Aug 29
Alisa Bair posted a discussion

American Loan Services, LLC - Staten Island, New York Corporate Contacts

Hello everyone! I need a corporate contact for American Loan Services, LLC in Staten Island, New York. I can't find any in Google. I hope you can help me. Thank you!See More
Aug 28
Chris B Johnson CDPE,SFR,HAFA posted blog posts
Aug 27
Wendy Timmons updated their profile
Aug 27
Colleen J Couse posted a discussion

Extension Fees & Closing

I have approval from the 1st BSI back in June. The bank accepted a city program for silent 2nd. The city cancelled meeting twice. We asked for the bank BSI to extend and they said they would for a fee $1000 to be absorbed by agents. They also…See More
Aug 23
Chris B Johnson CDPE,SFR,HAFA posted a blog post
Aug 21
David zagorsky posted a discussion

Need Wells Contact

My client took out a HELOC from Wachovia that is now owned by Wells Fargo. The First TD is foreclosing. Auction date is next month.I cannot find a Wells decision maker to accept a short payoff without going through the usual paperwork of Offer,…See More
Aug 20
Profile IconJacqueline Mann, Sandra Ankney, mary jeffrey and 25 more joined Short Sale Specialist Network
Aug 3

Top Content 

1 Shellpoint Mortgage

Shellpoint Mortgage

Posted by Celeste O'Dea on August 29, 2015

2 Extension Fees & Closing

Extension Fees & Closing

Posted by Colleen J Couse on August 23, 2015

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