Posts tagged as:

asf loan modification guidelines

Director of the Federal Housing Finance Board Blasts the American Securitization Forum

by Moe Bedard

James B. Lockhart III, Director of the Federal Housing Finance Board, has said that “The ASF has taken too long.”

Lockart spoke at the American Securitization Forum’s annual industry conference on Monday. He also said that he was glad to see that the industry is making progress in standardizing loan modifications for borrowers whose mortgage has become unaffordable.

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Mortgage Disservice: Do Mortgage Servicers Have the Authority to Modify Investor Owned Mortgages?

by Moe Bedard

Attorney General Alert: We at LoanWorkout.org “believe” that your recent unfair and deceptive predatory lending settlements can be parlayed and effectively used against the incredibly unfair and deceitfully deceptive mortgage servicing industry.

A mortgage servicer’s fiduciary duty is “only” to the investor for which they are servicing the pool of mortgages for and not the homeowner. [...]

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ASF Issues Guidelines for Loan Modifications. Is Anyone Listening?

by Moe Bedard

Back in June the American Securitization Forum (ASF) issued a statement of principles, recommendations and guidelines for the modification of subprime residential mortgage loans that are included in a securitization. This statement was put in place to help guide servicers and to establish some sort of structure and protocol of loan modification provisions that are included in securitization governing [...]

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