Page 3 - Loan Modification News Today

/PRNewswire/ -- OrangeGrid, LLC ("OrangeGrid"), and Timios, Inc. ("Timios") announced a strategic partnership making Timios the preferred provider of title,...

Costa Mesa, CA (PRWEB) May 28, 2022 -- If you are in a position where you cannot make your regular mortgage payments, a Loan Modification is a great way to

A loan modification and a refinance both change your mortgage terms, but they serve different purposes. Here’s what to know.

The Government National Mortgage Association, or Ginnie Mae, said late Friday that it has streamlined its documentation requirements for servicers participating in the Federal Housing Administration's Advanced Loan Modification (ALM) program. 

The change aims to streamline the processing of certain pandemic-related loan options that accommodate lower monthly payment amounts for borrowers with long-term economic hardships.

Twenty-one Democratic state attorneys general claim that many Federal Housing Administration (FHA)-approved mortgage servicers have routinely flouted the agency’s mandated...

Ohio- Statute of Frauds- TLOA Acquisitions, L.L.C. v. Unknown Heirs, 8th Dist. Cuyahoga No. 110002, 2021-Ohio-3678- In this appeal, the Eighth...

The Consumer Financial Protection Bureau (“CFPB”) announced post-COVID-19 mortgage servicing rules that went into effect August 31, 2021 (“Rules”). The Rules are designed to protect...

On August 5, 2021, the FHA issued the following waivers: (1) Partial Waiver of the Borrower Review Requirements for its COVID-19 Advance Loan Modification; and (2) Partial Waiver of the...

To embed, copy and paste the code into your website or blog: FHA, Fannie Mae, and Freddie Mac recently issued COVID-19 related updates with respect to servicing.  FHA published Mortgagee Letter 2021-15, Freddie Mac issued Bulletin 2021-23, and Fannie Mae updated Lender Letter 2021-02, all of which extend the previously announced foreclosure moratoriums through July 31, 2021.  The moratorium for each requires servicers to suspend all foreclosure actions, including foreclosure sales, initiat...