Moody’s Predicts Another Rocky Year for Servicers in 2011

The 2011 Mortgage Servicers Outlook published mid-December by Moody’s predicts more troubles ahead for servicers regarding irregularities in foreclosure practices and documentation. More scrutiny of the irregularities banks have recently been under fire for could allow for definition of just … Continue reading

Wells Fargo Agrees to $2 Billion Worth of California Loan Modifications

DS Wells Fargo reached an assurance agreement with California Attorney General Edmund G. Brown Jr., to provide loan modifications worth more than $2 billion to thousands of California homeowners with “pick-a-pay” loans originated by World Savings and Wachovia, banks … Continue reading