Deutsche Bank

FDIC On Foreclosure Process, FHA Foreclosures, Freddie Profit?!

Some look forward to Sports Illustrated’s Swimsuit Edition or Time’s Man of the Year. I don’t think that the FDIC’s Supervisory Insights: Foreclosure Edition will garner the same attention, but it is useful to banks who service loans nonetheless because it outlines the FDIC’s position on foreclosure practices. This FHA foreclosed inventory report from HUD

Mortgage Fraud Crackdown, Consumer Confidence Improves

The administration unveiled a new set of incentives for second mortgage modifications: the government will pay mortgage servicers (not originators) $500 upfront and $250 a year for three years for successfully modifying a second mortgage, such as a home equity loan. FBI To Hire Hundreds of Mortgage Fraud Agents The news yesterday also included the