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“(Reuters) РA pair of ex-Fannie Mae portfolio managers will lead a new distressed mortgage asset management unit of Amherst Holdings LLC, known for its niche U.S. broker-dealer, according to an internal document obtained by Reuters.”
‚ÄúNEW YORK (CNNMoney.com) — As the foreclosure crisis continues unabated and the midterm elections approach, at least 12 states have issued guidelines that address the complicated issue of voting while in foreclosure.‚Äù
“Foreclosures have become a complicated mess for homeowners nationwide. Can you cut through the confusion? Take the CNNMoney foreclosure quiz.”
“Not all commercial mortgage-backed securities are reaching special servicing, according to research by Fitch Ratings. In fact, the firm said, more borrowers are capitalizing on market conditions and utilizing long-term alternatives to default.”
“The U.S. Treasury averaged a 9.6% return on fully repaid investments through the Troubled Asset Relief Program, according to analysis from investment bank Keefe, Bruyette & Woods.”
“(Reuters) РA group of mortgage investors seeking to pressure lenders to buy back potentially billions of dollars in bad loans says its ranks are swelling and it will soon deliver strong evidence that banks have treated investors unfairly.”
“Fannie Mae will end its Payment Reduction Plan (PRP), a program designed to give borrowers ineligible for the Home Affordable Modification Program temporary payment relief while the servicer works toward another foreclosure alternative.”
“MGIC Investment Corp. (MTG: 8.50 -3.63%) will insure 97% loan-to-value ratio mortgages for existing homebuyers effective Nov. 1.”
‚ÄúA longtime Florida judge is confirming that previously reported problems with process serving is cropping up in the state’s courtrooms.‚Äù
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