Mortgage Servicing
Latest Posts
Questions Arise as GMAC Looks to Expand Lending
Aug 10, 2009GMAC Financial Services announced last week it will step up its correspondent and warehouse lending volume. The announcement comes, however, at a time when outsider observers are questioning the viability of GMAC’s Residential Capital division and other warehouse lenders are facing increased stress and government scrutiny. CreditSights, a debt ratings agency, said GMAC may reallocate ResCap’s desirable assets to other parts of GMAC and leave behind $11.4bn in debt to spin off the company and “put ResCap out of its misery,” in a report it issued last week.
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Litton Loan Servicing Makes 40 in HAMP
Aug 06, 2009 -
First American, Fannie Team to Cut Foreclosure Costs
Aug 06, 2009 -
Ocwen Profits Skyrocket on New Products, Expansion
Aug 05, 2009 -
Ocwen Sees Value in ‘Prudent’ Modifications
Jul 31, 2009 -
Hope Now Sees Modifications Slip 5% Since May
Jul 29, 2009 -
ResCap’s Neary Resigns, Glassner Assumes EVP Role
Jul 28, 2009 -
Servicers Attend Meeting of the Minds in Washington
Jul 28, 2009 -
Chase Brings on 250 to Servicing Center
Jul 27, 2009 -
Two More Servicers Join HAMP
Jul 27, 2009
