Mailbox Can Streamline Default Operations for Servicers
The mortgage industry has been deeply impacted by the Covid-19 pandemic. Black Knight reported that nearly 4.1 million homeowners are in forbearance programs, representing 7.7% of ...
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Lending and Servicing in a New World – Navigating the Changing Landscape
Lenders and Servicers need to stay abreast of market changes, understand them well, and adapt their business practices to suit the new normal. While this has ...
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Mortgage Loans in Forbearance Rising Rapidly – What Can Servicers Do to Manage the Deluge?
The Mortgage Bankers Association's (MBA) in a recent release revealed that the total number of loans now in forbearance increased to 7.91% of servicers' portfolio volume ...
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Appreciating Our Covid-19 Hero – Viju Davis
Covid-19 has officially been designated a pandemic by the World Health Organization (WHO). Originating from Wuhan, the coronavirus has affected every person and place like a ...
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No Lump Sum Required at the End of Forbearance, as per FHFA
In a recent article, the Federal Housing Finance Agency (FHFA) has confirmed that borrowers in forbearance with a Fannie Mae or Freddie Mac (the Enterprises)-backed mortgage ...
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Enterprises to Purchase Qualified Loans in Forbearance to Keep the Lending Flowing
Earlier this week, Federal Housing Finance Agency (FHFA) in a release, announced that enterprises will purchase qualified loans in forbearance to keep the lending flowing. This ...
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Ways for Servicers to Manage COVID-induced Delinquencies
The ongoing coronavirus pandemic is posing a significant challenge. Experts are not in a position to quantify or project the delinquency numbers, as per a recent ...
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Extending Loan Servicing Support to Servicers in View of the COVID-19 Situation
Servicing loans is much more than retaining a portfolio and collecting payments; it’s about meeting the evolving needs of your customers and delivering an improved borrower ...
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Committed to Our Clients, Employees and Community – A Note from Our President, Sam Verma
The last few weeks have been very distressing, with all the news related to the Covid-19 pandemic. I hope you are staying safe and positive amid ...
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Amid COVID-19 Crisis, Our Proactiveness Ensured Business Continuity
COVID-19 has brought in a difficult situation for all of us and everyone can feel the impact all around. As the virus continues to spread across ...
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