WASHINGTON Large mortgage servicers continued to shed delinquencies as overall loan performance improved in the fourth quarter, the Office of the Comptroller of the Currency said Friday. Collection & Credit Risk
An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%. News
In the years leading up to the financial crisis, many of the same subprime lending practices that led to troubles in the mortgage market also existed in the private student loan market. Like the homeowners who turned to their mortgage servicer to modify their loans but ran into customer service dead ends, lost paperwork and [...]
The lesson in a recent consent order is clear — an MSA cannot shield or rehabilitate an otherwise impermissible arrangement. News
What could be better than zero percent interest for one year? Nothing, nada, free…right? Not exactly. These kinds of promotional rates are common with credit card offers. They can be connected to: Balance transfer offers Pitches for low-cost ways to finance big purchases, such as “deferred interest” offers So-called “convenience checks,” which invite you to [...]
