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IMPORTANT: Bing News RSS feed has moved!Ohio Attorney General Mike DeWine today announced a settlement with American Home Mortgage Servicing Inc. that he said would get consumers faster service when they are negotiating loan modifications. DeWine's predecessor, Richard Cordray ... Read moreOhio settles with American Home Mortgage Servicing: Plain Dealing"This agreement will help Ohio homeowners receive fair, improved and faster treatment when negotiating a loan modification or trying to avoid foreclosure," DeWine said. "We are pleased that American Home Mortgage Servicing has worked with our office to ... Read moreDeWine reaches agreement with American Home Mortgage ServicingAs part of the settlement, DeWine and AHMSI have agreed to mortgage servicing standards that will apply to all Ohio loans serviced by the Coppell, Texas-based servicer. AHMSI will be required to assign a single point of contact to borrowers completing loan ... Read moreAHMSI Settles Ohio Lawsuit, Agrees To Servicing StandardsIn contrast to the subprime mortgage product that offered high-interest rate loans, the MRB loan product provides market or below-market interest rate loans to similar borrowers. Moulton previously studied Indiana’s program, and is now researching Ohio’s program. Read moreSome banks help keep mortgage holders out of default, studies findbased on 2010 commercial mortgage loan volume that originated and closed in Central Ohio offices. Subscribers can see the full list, along with information on the number of loans, loan volume by local borrowers and the company’s largest loan by a local office. Read moreTop of the List: Commercial mortgage lenderstoday announced a commitment to insure a mortgage loan for Knox Community Hospital in Mount Vernon, Ohio. The $37.1 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program. Read moreHUD Approves $37.1 Million Mortgage to Renovate and Expand Acute Care Hospital in Mount Vernon, OhioMortgage-service settlement One of the country’s largest subprime mortgage-service companies agreed to process Ohio loan-modification requests in a timely fashion as part of a legal settlement announced by the state. American Home Mortgage Servicing Inc ... Read moreBusiness briefs — Dec. 13American Home Mortgage Servicing Inc. will ensure borrowers have a single-point of contact and other mortgage assistance based on a settlement agreement the servicer reached with Ohio Attorney ... when they complete a loan modification application. Read moreOhio AG, American Home Mortgage Servicing settle on SPOCshas announced that it is registered with the state of Ohio's Department of Commerce, Division of Financial Institutions, under the Mortgage Broker Act Mortgage Banker Exemption. As a result, the company is now entitled to broker residential mortgage loans ... Read moreFor additional information, please see:
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