Housing advocates: FHFA won’t reduce principal, offers discounted NPLs

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National Mortgage Settlement: One Year Later When the national foreclosure settlement was signed in Feb. 2012, it was heralded as a great victory for consumers. Like many Maryland leaders, MCRC and other housing advocates believed at the time that the settlement between 49 state attorneys generals and five mortgage

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 · The NPL sales got off on a "wrong foot" because not all the stakeholders were included in the process, said Julia Gordon, executive vice president of the National Community Stabilization Trust. "That is part of the dynamic" as to "why the NPL sales have been under fire" from housing advocates and community organizations.

Fannie Mae and Freddie Mac offer a program, and a lender puts overlays on, it’s a violation. That could threaten profits at Nationstar (NSM), Ocwen Financial (OCN) and Walter Investment (WAC), all of which have been trying to parlay their expertise in servicing distressed loans into the more.

 · The Federal Housing finance agency (fhfa) released its notice of proposed rulemaking on “Enterprise [Fannie Mae and Freddie Mac] Capital Requirements” on June 12. After the comment period closed on November 16, there were 77 entries on FHFA’s comment log. Half (38) were from individuals who wrote short comments ranging from one sentence to a.

Report: Foreclosure Inventory Hits Record Level in June Worse yet, inventory of homes for sale as well as shadow inventory both soared. 8 million foreclosure-bound homes have yet to hit the market according to. Sales of new and existing homes fell to.

The agencies can save the money if they forgave principal on some troubled mortgages, but the Federal Housing Finance Agency isn’t ready to change its policy because the analysis isn’t complete.

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