Personal Finance Advice and Commentary

Friday, April 15, 2011 8:50 am
By Marcie Geffner ·

Borrowers, mortgage markets, communities, courts and mortgage investors are all victims of loan servicers’ inadequate foreclosure policies and practices. That’s one clear conclusion of a new 15-page report, “Interagency Review of Foreclosure Policies and Practices,” issued by the Federal Reserve, Office of the Comptroller of the Currency and Office of Thrift Supervision, three federal agencies

Friday, February 25, 2011 9:17 am
By Marcie Geffner ·

How home loan servicers should be compensated is a subject of intense debate in the mortgage industry today, as servicers have come under fire for their inaccessibility to homeowners and sloppy foreclosure-processing practices. To fix the problems, the Federal Housing Finance Agency, or FHFA, has told Fannie Mae and Freddie Mac to work on proposals