pressure: Mortgage industry asked to do more
Story date: 2007-10-27 11:37:00
Added on: 2007-10-28 00:00:23
Winston-Salem Journal - ... recently surveyed 16 mortgage servicers that accounted for 80 percent of the market for subprime loans made to borrowers with shaky credit histories. It found that most of those companies had modified only about 1 percent of loans with interest rates ...
Read more...
Related Stories:
-
Loan 'workouts' more likely for burdened debtors
Hampton Roads Daily Press - But Moody's Investors Service said it surveyed 16 firms handling customer service on 80 percent of existing...
2007-10-09 01:54:00 -
Few delinquent US home loans being modified-report
Reuters - However, for those delinquent homeowners in contact with servicers, 45 percent were working toward modifying their home loan. Servicers are...
2008-02-07 08:10:00 -
Small Banks Fairly Positive on Loans
Forbes - The average delinquency rate on home loans made by the banks surveyed was 1.1 percent, down from 1.4 percent in...
2008-02-21 02:27:00 -
U.S. Economy Will Slow Down More, Bernanke Says
NPR News - In recent months, the Federal Reserve and other banking agencies have issued statements calling on mortgage lenders and mortgage...
2007-11-08 08:18:00 -
Mortgage servicers urged to reach out
Boston Online - The regulators, led by the Federal Reserve, said mortgage servicers should help troubled borrowers who face drastically higher payments...
2007-09-05 06:09:00 -
Refinancing Reflects Reality, According to GuideToLenders.com (PRWeb via Yahoo! News)
Homeowners surveyed by GuideToLenders.com, an online consumer resource for broker and lender information, are pointing to different reasons for refinancing as...
2008-06-04 12:01:00 -
Sign up for text alerts
Pocono Record - The bill also strengthens mortgage servicing requirements, such as preventing servicers of loans from requiring forced-placement insurance on loans...
2007-11-18 09:21:00 -
Mortgage servicers next victim of housing crisis
Reuters - Servicers of subprime loans, such as Ocwen Financial Corp (OCN.N: Quote , Profile , Research ), are in the worst...
2008-02-14 05:10:00