Get these documents together before you start the refinance process to streamline your loan.
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The Department of Housing and Urban Development will re-foreclose on all its REO properties in Michigan where the original foreclosure was conducted in the name of MERS using the state’s nonjudicial process.
Quicken Loans Mortgage Services, a nonbank, late this past week unveiled an expansion of its correspondent business, offering a new platform to community banks and credit unions.
The coming change in the conforming loan limit will have a much larger impact on loans insured by the Federal Housing Administration than on those purchased or securitized by either Fannie Mae or Freddie Mac.
The attorneys general of California and Illinois issued subpoenas to two mortgage servicing vendors seeking information about their role in alleged mishandling of foreclosure and other mortgage documents.
Lenders and servicers can expect to lose $375 million in 2011 due to “suspicious” short sales where the buyers resell the properties within six months at a sizable profit, according to a new report by CoreLogic.
The Federal Housing Administration is getting tougher on paying claims for defaulted loans where it believes lenders have cut corners on the underwriting.
