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News Headlines - loan modifications

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United States: Mortgage Loan Modifications – What Is The Risk Of Loss Of Lien Priority
Mondaq News Alerts
Lenders and borrowers often enter into loan modification agreements to change the terms of a mortgage loan. Perhaps the most common modification arises when the borrower is experiencing difficulty repaying the loan according to its original terms, and ...

When is Old New: Loan Modification Under the BSA's Beneficial Owner Rule
When does a modification to or extension of a commercial loan constitute the act of opening a “new account”? This question is now more than one of semantics. Effective May 11th of 2018, the new Beneficial Owner Rule under the Bank Secrecy Act will ...

Greater Wilmington Business Journal

Student Loan Debt Still A Concern
Greater Wilmington Business Journal
“This was a big topic at the conference: if borrowers are in these programs and they file for bankruptcy, they are thrown out of [student and mortgage debt modification] programs,” Cook said. “NACBA is working to prevent this. We don't want to put a ...

NJ Spotlight

End of Debt Nightmare in Sight for Students Who've Defaulted on Loans
NJ Spotlight
According to the bill HESAA would have to offer a consolidation and modification to any borrower who defaulted on an NJCLASS loan within the past 10 years. For those who have been employed full-time for at least three consecutive years, earning a ...

JD Supra (press release)

FTC Obtains Preliminary Injunction Against Mortgage Relief Operation
JD Supra (press release)
The companies would tell consumers that they had been confirmed for loan modifications and direct the consumers to pay them several thousands of dollars in “closing costs,” when in fact the companies had not yet obtained any relief for them. The FTC ...


Plan to ban robocalls to mobile phones advances in Massachusetts ...
Those calls offering free cruises, loan modifications, supposedly important information from the FBI and more could soon stop coming to your cellphone unless ...

and more »

FEI Daily

Preparing For CECL: What Procedures Need To Change?
FEI Daily
An actionable step banks can take to prepare for CECL is to identify how the new model will require modifications to ALLL procedures and map out the steps and individuals needed to run the new activities. Some reasonable steps to take ... As financial ...


Ocwen Reports Q1 2018 Earnings, Highlights Debt Forgiveness
Specifically, Ocwen reported 11,598 loan modifications during Q1. Seventeen percent of these loan modifications included debt forgiveness, according to Ocwen, which totaled $59 million. Ocwen also reported a decrease in loan delinquencies from 9.3 ...
Ocwen Financial Announces Operating Results for First Quarter 2018GlobeNewswire (press release)
Ocwen Financial Corporation - OCN - Stock Price Today - ZacksZacks

all 51 news articles »

Business Wire (press release)

Allianz Real Estate Names Peggy DaSilva Head of Loan and Asset Management
Business Wire (press release)
She will also determine capital budgets and lead negotiations on sales, loan modifications and restructures. DaSilva will serve as a liaison with the group's investment committee and will closely interact with clients and investors. Before joining ...


Time runs out for Congress to overturn consumer bureau's payday ...
The deadline for Congress to kill a rule imposing new requirements on so-called payday lenders has come and gone, according to consumer advocacy groups ...

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