Is This the Revolving Door Our Parents Warned Us About?
MHProNews.com has learned from PHH Mortgage that retired chairman of the Philadelphia Federal Reserve Bank Charles Pizzi has joined the PHH board of directors. According to HousingWire, despite trying...
View ArticleFHA Insurance to Increase
HousingWire tells MHProNews.com the Federal Housing Administration (FHA) will raise the mortgage insurance from one percent to 1.75 percent to make up for the drop in the Mutual Mortgage Insurance...
View ArticleOhio Demolishing Blighted Homes
Following the $25 billion settlement reached in March with mortgage servicers, Ohio’s attorney general Mike DeWine has begun granting $75 million of Ohio’s $335 million to local governments for...
View ArticleCFPB Proposes New Mortgage Servicer Rules
In the face of mortgage servicers role in the national housing crisis by changing loan terms resulting in borrowers losing their homes, and foreclosing on homes when lenders missed payments, the...
View ArticleDetails on New Mortgage Servicing
Adding onto an MHProNews story from Jan. 21 about the Consumer Financial Protection Bureau’s (CFPB) new mortgage servicing rules, the Texas Manufactured Housing Association (TMHA) offers a detailed...
View ArticleNew House Committee Chairmen Rake in the Chips
Campaign contributions for seven of eight newly installed GOP House committee chairmen have risen 59 percent in this year over the first six months of 2011. The 11 continuing committee chairmen only...
View ArticleMortgage Servicers Rankled by CFPB’s Accusations
Deputy Director of the Consumer Financial Protection Bureau (CFPB), Steven Antonakes, speaking at the Mortgage Bankers Association’s (MBA) Servicing Conference, pointedly blamed the servicers for the...
View ArticleGreen Tree could Face Fines if Mortgage Servicing not Corrected
The latest compliance report released by the Office of Mortgage Settlement Oversight reveals Green Tree Servicing failed eight of the settlements 29 metrics for mortgage servicing, according to...
View ArticleA Fresh Approach to Dealing with Foreclosures
A study conducted by Hannah Thomas, a senior analyst with ABT Associates, correlated foreclosure data, criminal activity and property value loss with the role of mortgage servicers in two Boston...
View ArticleSunday Morning Recap-Manufactured Housing Industry News July 26-Aug. 2, 2015
What’s New in public focused Manufactured HomeLivingNews.com Art Linkletter and Manufactured Housing today Maintaining Quality and Strength While Saving Homebuyers Money – Inside MH Video with Mike...
View ArticleCongressman Seeks Documents Pinpointing Mortgage Abuse
According to HousingWire.com, from an ongoing probe into alleged mortgage abuse tactics, Rep. Elijah Cummings (D-MD) sent letters to 11 well-known mortgage servicers, asking for documents that may...
View ArticleOCC Oversees Mortgage Servicing Review
NationalMortgageNews reports the Office of the Comptroller of the Currency (OCC) says the 12 national banks under regulatory orders to reform their mortgage servicing and foreclosure methods are making...
View ArticleNumber of Loan Officers Increasing
NationalMortgageNews states, according to the Bureau of Labor Statistics, mortgage brokerage firms added 1,500 workers to their rosters in October. Employment in the mortgage/broker sector reached...
View ArticleForeclosures Coming out of the Woodwork
HousingWire reports the Office of the Comptroller of the Currency (OCC) says while mortgage delinquencies stabilized in the third quarter, foreclosures climbed 21.1 percent from the last quarter as...
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