After being unable to reach the borrower for several months, Green Tree called the borrower’s neighbors multiple times, asking them to have the borrower call the servicer.
A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...
Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.
The recent departures at Nationstar began in May when the company revealed that Executive Vice President and Chief Strategy Officer David Hisey would leave the lender/servicer in mid-June.
Servicers involved in national settlements are largely in compliance and making progress toward completing their loss-mitigation requirements, according to reports released in the past two weeks. Joseph Smith, the monitor of a settlement involving non-agency mortgage-backed securities that requires JPMorgan Chase to complete $4.0 billion in credited loss mitigation, said that as of the end of 2014, Chase was credited with $3.32 billion in relief ...